Bittium Oyj (Finland) Market Value
| BITTI Stock | EUR 7.92 0.02 0.25% |
| Symbol | Bittium |
Bittium 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 Bittium 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 Bittium Oyj.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Bittium Oyj on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Bittium Oyj or generate 0.0% return on investment in Bittium Oyj over 90 days. Bittium Oyj is related to or competes with Revenio, Outokumpu Oyj, Qt Group, CapMan Oyj, and Wartsila Oyj. Bittium Oyj develops communications and connectivity solutions worldwide More
Bittium 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 Bittium 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 Bittium Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.1092 | |||
| Maximum Drawdown | 19.61 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 6.29 |
Bittium Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bittium Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bittium Oyj's standard deviation. In reality, there are many statistical measures that can use Bittium Oyj historical prices to predict the future Bittium Oyj's volatility.| Risk Adjusted Performance | 0.0719 | |||
| Jensen Alpha | 0.1142 | |||
| Total Risk Alpha | 0.5618 | |||
| Sortino Ratio | 0.1434 | |||
| Treynor Ratio | (0.25) |
Bittium Oyj Backtested Returns
Bittium Oyj appears to be slightly risky, given 3 months investment horizon. Bittium Oyj secures Sharpe Ratio (or Efficiency) of 0.0799, which signifies that the company had a 0.0799 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Bittium Oyj, which you can use to evaluate the volatility of the firm. Please makes use of Bittium Oyj's Mean Deviation of 1.86, risk adjusted performance of 0.0719, and Downside Deviation of 2.18 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bittium Oyj holds a performance score of 6. The firm shows a Beta (market volatility) of -0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bittium Oyj are expected to decrease at a much lower rate. During the bear market, Bittium Oyj is likely to outperform the market. Please check Bittium Oyj's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Bittium Oyj's price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Bittium Oyj has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bittium Oyj time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bittium Oyj price movement. The serial correlation of -0.17 indicates that over 17.0% of current Bittium Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Bittium Oyj lagged returns against current returns
Autocorrelation, which is Bittium 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 Bittium Oyj's stock expected returns. We can calculate the autocorrelation of Bittium Oyj returns to help us make a trade decision. For example, suppose you find that Bittium 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 |
Bittium 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 Bittium Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bittium Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bittium Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Bittium Oyj Lagged Returns
When evaluating Bittium Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bittium Oyj stock have on its future price. Bittium 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, Bittium Oyj autocorrelation shows the relationship between Bittium Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Bittium Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Bittium Stock
Bittium Oyj financial ratios help investors to determine whether Bittium Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bittium with respect to the benefits of owning Bittium Oyj security.