Digia Oyj's market value is the price at which a share of Digia Oyj trades on a public exchange. It measures the collective expectations of Digia Oyj investors about its performance. Digia Oyj is trading at 6.78 as of the 6th of January 2025. This is a 1.50 percent up since the beginning of the trading day. The stock's open price was 6.68. With this module, you can estimate the performance of a buy and hold strategy of Digia Oyj and determine expected loss or profit from investing in Digia Oyj over a given investment horizon. Check out Digia Oyj Correlation, Digia Oyj Volatility and Digia Oyj Alpha and Beta module to complement your research on Digia Oyj.
Please note, there is a significant difference between Digia Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digia Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digia Oyj's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Digia 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 Digia 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 Digia Oyj.
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12/07/2024
No Change 0.00
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In 30 days
01/06/2025
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If you would invest 0.00 in Digia Oyj on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Digia Oyj or generate 0.0% return on investment in Digia Oyj over 30 days. Digia Oyj is related to or competes with Nokia Oyj, Telia Company, Nordea Bank, Telefonaktiebolaget, Finnair Oyj, Fortum Oyj, and Neste Oil. Digia Oyj provides software and services for organizations to develop services, manage business, and utilize data in Fin... More
Digia 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 Digia 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 Digia 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 Digia Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digia Oyj's standard deviation. In reality, there are many statistical measures that can use Digia Oyj historical prices to predict the future Digia Oyj's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Digia Oyj. Your research has to be compared to or analyzed against Digia Oyj's peers to derive any actionable benefits. When done correctly, Digia Oyj's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Digia Oyj.
Digia Oyj Backtested Returns
Digia Oyj appears to be somewhat reliable, given 3 months investment horizon. Digia Oyj secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Digia Oyj, which you can use to evaluate the volatility of the firm. Please utilize Digia Oyj's Coefficient Of Variation of 740.95, downside deviation of 1.99, and Mean Deviation of 1.47 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Digia Oyj holds a performance score of 13. The firm shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Digia Oyj are expected to decrease at a much lower rate. During the bear market, Digia Oyj is likely to outperform the market. Please check Digia Oyj's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Digia Oyj's price patterns will revert.
Auto-correlation
-0.77
Almost perfect reverse predictability
Digia Oyj has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Digia Oyj time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 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 Digia Oyj price movement. The serial correlation of -0.77 indicates that around 77.0% of current Digia Oyj price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.77
Spearman Rank Test
-0.54
Residual Average
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Price Variance
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Digia Oyj lagged returns against current returns
Autocorrelation, which is Digia 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 Digia Oyj's stock expected returns. We can calculate the autocorrelation of Digia Oyj returns to help us make a trade decision. For example, suppose you find that Digia 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
Digia 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 Digia Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digia Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digia Oyj stock over time.
Current vs Lagged Prices
Timeline
Digia Oyj Lagged Returns
When evaluating Digia Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digia Oyj stock have on its future price. Digia 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, Digia Oyj autocorrelation shows the relationship between Digia Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Digia 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.
Digia Oyj financial ratios help investors to determine whether Digia 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 Digia with respect to the benefits of owning Digia Oyj security.