Cargotec Oyj (Finland) Market Value
| CGCBV Stock | EUR 52.84 0.44 0.84% |
| Symbol | Cargotec |
Cargotec 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 Cargotec 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 Cargotec Oyj.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Cargotec Oyj on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Cargotec Oyj or generate 0.0% return on investment in Cargotec Oyj over 540 days. Cargotec Oyj is related to or competes with Konecranes Plc, Wartsila Oyj, Valmet Oyj, UPM Kymmene, and Sampo Oyj. Cargotec Corporation provides cargo and load handling solutions worldwide More
Cargotec 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 Cargotec 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 Cargotec Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.0298 | |||
| Maximum Drawdown | 15.95 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.89 |
Cargotec Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cargotec Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cargotec Oyj's standard deviation. In reality, there are many statistical measures that can use Cargotec Oyj historical prices to predict the future Cargotec Oyj's volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.1506 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0352 | |||
| Treynor Ratio | 0.7175 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cargotec Oyj'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.
Cargotec Oyj Backtested Returns
Cargotec Oyj is very steady at the moment. Cargotec Oyj secures Sharpe Ratio (or Efficiency) of 0.0794, which signifies that the company had a 0.0794% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cargotec Oyj, which you can use to evaluate the volatility of the firm. Please confirm Cargotec Oyj's Mean Deviation of 1.47, downside deviation of 1.82, and Risk Adjusted Performance of 0.074 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Cargotec Oyj has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cargotec Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cargotec Oyj is expected to be smaller as well. Cargotec Oyj right now shows a risk of 2.16%. Please confirm Cargotec Oyj expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Cargotec Oyj will be following its price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Cargotec Oyj has very weak reverse predictability. Overlapping area represents the amount of predictability between Cargotec 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 Cargotec Oyj price movement. The serial correlation of -0.03 indicates that only 3.0% of current Cargotec Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 137.34 |
Cargotec Oyj lagged returns against current returns
Autocorrelation, which is Cargotec 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 Cargotec Oyj's stock expected returns. We can calculate the autocorrelation of Cargotec Oyj returns to help us make a trade decision. For example, suppose you find that Cargotec 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 |
Cargotec 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 Cargotec Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cargotec Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cargotec Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Cargotec Oyj Lagged Returns
When evaluating Cargotec Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cargotec Oyj stock have on its future price. Cargotec 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, Cargotec Oyj autocorrelation shows the relationship between Cargotec Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Cargotec 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 Cargotec Stock
Cargotec Oyj financial ratios help investors to determine whether Cargotec 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 Cargotec with respect to the benefits of owning Cargotec Oyj security.