Sotkamo Silver (Finland) Market Value
| SOSI1 Stock | EUR 0.13 0.01 7.14% |
| Symbol | Sotkamo |
Sotkamo Silver 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sotkamo Silver's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sotkamo Silver.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Sotkamo Silver on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Sotkamo Silver AB or generate 0.0% return on investment in Sotkamo Silver over 30 days. Sotkamo Silver is related to or competes with Outokumpu Oyj, Finnair Oyj, SSAB AB, Telia Company, and Wartsila Oyj. Sotkamo Silver AB, together with its subsidiaries, explores for and develops mineral deposits More
Sotkamo Silver Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sotkamo Silver's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sotkamo Silver AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.13 | |||
| Information Ratio | 0.2322 | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 10.0 |
Sotkamo Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sotkamo Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sotkamo Silver's standard deviation. In reality, there are many statistical measures that can use Sotkamo Silver historical prices to predict the future Sotkamo Silver's volatility.| Risk Adjusted Performance | 0.1655 | |||
| Jensen Alpha | 1.2 | |||
| Total Risk Alpha | 0.6685 | |||
| Sortino Ratio | 0.2219 | |||
| Treynor Ratio | 8.55 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sotkamo Silver's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sotkamo Silver AB Backtested Returns
Sotkamo Silver is out of control given 3 months investment horizon. Sotkamo Silver AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.22% are justified by taking the suggested risk. Use Sotkamo Silver AB Risk Adjusted Performance of 0.1655, coefficient of variation of 402.65, and Semi Deviation of 3.03 to evaluate company specific risk that cannot be diversified away. Sotkamo Silver holds a performance score of 19 on a scale of zero to a hundred. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sotkamo Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sotkamo Silver is expected to be smaller as well. Use Sotkamo Silver AB treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to analyze future returns on Sotkamo Silver AB.
Auto-correlation | -0.6 |
Good reverse predictability
Sotkamo Silver AB has good reverse predictability. Overlapping area represents the amount of predictability between Sotkamo Silver time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sotkamo Silver AB price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Sotkamo Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sotkamo Silver AB lagged returns against current returns
Autocorrelation, which is Sotkamo Silver stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sotkamo Silver's stock expected returns. We can calculate the autocorrelation of Sotkamo Silver returns to help us make a trade decision. For example, suppose you find that Sotkamo Silver has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sotkamo Silver regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sotkamo Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sotkamo Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sotkamo Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Sotkamo Silver Lagged Returns
When evaluating Sotkamo Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sotkamo Silver stock have on its future price. Sotkamo Silver autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sotkamo Silver autocorrelation shows the relationship between Sotkamo Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Sotkamo Silver AB.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sotkamo Silver in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sotkamo Silver's short interest history, or implied volatility extrapolated from Sotkamo Silver options trading.
Currently Active Assets on Macroaxis
Check out Sotkamo Silver Correlation, Sotkamo Silver Volatility and Sotkamo Silver Alpha and Beta module to complement your research on Sotkamo Silver. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Sotkamo Stock analysis
When running Sotkamo Silver's price analysis, check to measure Sotkamo Silver's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sotkamo Silver is operating at the current time. Most of Sotkamo Silver's value examination focuses on studying past and present price action to predict the probability of Sotkamo Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sotkamo Silver's price. Additionally, you may evaluate how the addition of Sotkamo Silver to your portfolios can decrease your overall portfolio volatility.
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Sotkamo Silver technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.