Aiforia Technologies' market value is the price at which a share of Aiforia Technologies trades on a public exchange. It measures the collective expectations of Aiforia Technologies Oyj investors about its performance. Aiforia Technologies is trading at 3.61 as of the 29th of November 2024, a 1.40 percent up since the beginning of the trading day. The stock's open price was 3.56. With this module, you can estimate the performance of a buy and hold strategy of Aiforia Technologies Oyj and determine expected loss or profit from investing in Aiforia Technologies over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Symbol
Aiforia
Aiforia Technologies '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 Aiforia Technologies' 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 Aiforia Technologies.
0.00
06/08/2023
No Change 0.00
0.0
In 1 year 5 months and 25 days
11/29/2024
0.00
If you would invest 0.00 in Aiforia Technologies on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Aiforia Technologies Oyj or generate 0.0% return on investment in Aiforia Technologies over 540 days.
Aiforia Technologies 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 Aiforia Technologies' 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 Aiforia Technologies Oyj upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aiforia Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aiforia Technologies' standard deviation. In reality, there are many statistical measures that can use Aiforia Technologies historical prices to predict the future Aiforia Technologies' volatility.
Aiforia Technologies Oyj secures Sharpe Ratio (or Efficiency) of -0.0809, which signifies that the company had a -0.0809% return per unit of standard deviation over the last 3 months. Aiforia Technologies Oyj exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aiforia Technologies' risk adjusted performance of (0.1), and Mean Deviation of 1.71 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0075, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aiforia Technologies are expected to decrease at a much lower rate. During the bear market, Aiforia Technologies is likely to outperform the market. At this point, Aiforia Technologies Oyj has a negative expected return of -0.17%. Please make sure to confirm Aiforia Technologies' jensen alpha, as well as the relationship between the skewness and day median price , to decide if Aiforia Technologies Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.23
Weak reverse predictability
Aiforia Technologies Oyj has weak reverse predictability. Overlapping area represents the amount of predictability between Aiforia Technologies 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 Aiforia Technologies Oyj price movement. The serial correlation of -0.23 indicates that over 23.0% of current Aiforia Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.23
Spearman Rank Test
-0.19
Residual Average
0.0
Price Variance
0.13
Aiforia Technologies Oyj lagged returns against current returns
Autocorrelation, which is Aiforia Technologies 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 Aiforia Technologies' stock expected returns. We can calculate the autocorrelation of Aiforia Technologies returns to help us make a trade decision. For example, suppose you find that Aiforia Technologies 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
Aiforia Technologies 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 Aiforia Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aiforia Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aiforia Technologies stock over time.
Current vs Lagged Prices
Timeline
Aiforia Technologies Lagged Returns
When evaluating Aiforia Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aiforia Technologies stock have on its future price. Aiforia Technologies 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, Aiforia Technologies autocorrelation shows the relationship between Aiforia Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Aiforia Technologies Oyj.
Regressed Prices
Timeline
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