Finnair Oyj (UK) Market Value
| 0EG8 Stock | 2.15 0.02 0.92% |
| Symbol | Finnair |
Finnair Oyj '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 Finnair Oyj'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 Finnair Oyj.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Finnair Oyj on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Finnair Oyj or generate 0.0% return on investment in Finnair Oyj over 540 days. Finnair Oyj is related to or competes with Zegona Communications, Universal Display, Alaska Air, Porvair Plc, Zoom Video, Spirent Communications, and Pentair PLC. Finnair Oyj is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Finnair Oyj 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 Finnair Oyj'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 Finnair Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.52 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.87 |
Finnair Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Finnair Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Finnair Oyj's standard deviation. In reality, there are many statistical measures that can use Finnair Oyj historical prices to predict the future Finnair Oyj's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 1.03 |
Finnair Oyj Backtested Returns
Finnair Oyj secures Sharpe Ratio (or Efficiency) of -0.0731, which denotes the company had a -0.0731% return per unit of risk over the last 3 months. Finnair Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Finnair Oyj's Standard Deviation of 2.0, mean deviation of 1.52, and Variance of 3.98 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Finnair Oyj are expected to decrease at a much lower rate. During the bear market, Finnair Oyj is likely to outperform the market. At this point, Finnair Oyj has a negative expected return of -0.14%. Please make sure to confirm Finnair Oyj's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Finnair Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
Finnair Oyj has excellent predictability. Overlapping area represents the amount of predictability between Finnair Oyj time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Finnair Oyj price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Finnair Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Finnair Oyj lagged returns against current returns
Autocorrelation, which is Finnair Oyj 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 Finnair Oyj's stock expected returns. We can calculate the autocorrelation of Finnair Oyj returns to help us make a trade decision. For example, suppose you find that Finnair Oyj 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 |
Finnair Oyj 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 Finnair Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Finnair Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Finnair Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Finnair Oyj Lagged Returns
When evaluating Finnair Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Finnair Oyj stock have on its future price. Finnair Oyj 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, Finnair Oyj autocorrelation shows the relationship between Finnair Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Finnair Oyj.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Finnair Stock Analysis
When running Finnair Oyj's price analysis, check to measure Finnair Oyj'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 Finnair Oyj is operating at the current time. Most of Finnair Oyj's value examination focuses on studying past and present price action to predict the probability of Finnair Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Finnair Oyj's price. Additionally, you may evaluate how the addition of Finnair Oyj to your portfolios can decrease your overall portfolio volatility.