Elisa Oyj (Finland) Market Value
| ELISA Stock | EUR 42.92 0.04 0.09% |
| Symbol | Elisa |
Elisa 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 Elisa 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 Elisa Oyj.
| 05/13/2023 |
| 12/03/2024 |
If you would invest 0.00 in Elisa Oyj on May 13, 2023 and sell it all today you would earn a total of 0.00 from holding Elisa Oyj or generate 0.0% return on investment in Elisa Oyj over 570 days. Elisa Oyj is related to or competes with Kesko Oyj, Sampo Oyj, UPM Kymmene, Orion Oyj, and Fortum Oyj. Elisa Oyj provides data communications and digital services More
Elisa 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 Elisa 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 Elisa Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.4 |
Elisa Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elisa Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elisa Oyj's standard deviation. In reality, there are many statistical measures that can use Elisa Oyj historical prices to predict the future Elisa Oyj's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.5363 |
Elisa Oyj Backtested Returns
Elisa Oyj secures Sharpe Ratio (or Efficiency) of -0.0579, which denotes the company had a -0.0579% return per unit of risk over the last 3 months. Elisa Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elisa Oyj's Mean Deviation of 0.8041, variance of 1.28, and Standard Deviation of 1.13 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elisa Oyj are expected to decrease at a much lower rate. During the bear market, Elisa Oyj is likely to outperform the market. At this point, Elisa Oyj has a negative expected return of -0.066%. Please make sure to confirm Elisa Oyj's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Elisa Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Elisa Oyj has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Elisa Oyj time series from 13th of May 2023 to 22nd of February 2024 and 22nd of February 2024 to 3rd of December 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 Elisa Oyj price movement. The serial correlation of -0.73 indicates that around 73.0% of current Elisa Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 4.4 |
Elisa Oyj lagged returns against current returns
Autocorrelation, which is Elisa 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 Elisa Oyj's stock expected returns. We can calculate the autocorrelation of Elisa Oyj returns to help us make a trade decision. For example, suppose you find that Elisa 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 |
Elisa 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 Elisa Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elisa Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elisa Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Elisa Oyj Lagged Returns
When evaluating Elisa Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elisa Oyj stock have on its future price. Elisa 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, Elisa Oyj autocorrelation shows the relationship between Elisa Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Elisa 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 Elisa Stock
Elisa Oyj financial ratios help investors to determine whether Elisa 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 Elisa with respect to the benefits of owning Elisa Oyj security.