Harvia Oyj (Finland) Market Value
| HARVIA Stock | 46.90 0.70 1.52% |
| Symbol | Harvia |
Harvia 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 Harvia 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 Harvia Oyj.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Harvia Oyj on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Harvia Oyj or generate 0.0% return on investment in Harvia Oyj over 90 days. Harvia Oyj is related to or competes with Qt Group, Kamux Suomi, Sampo Oyj, Tokmanni Group, and Revenio. More
Harvia 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 Harvia 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 Harvia Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0982 | |||
| Maximum Drawdown | 10.99 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 3.83 |
Harvia Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvia Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harvia Oyj's standard deviation. In reality, there are many statistical measures that can use Harvia Oyj historical prices to predict the future Harvia Oyj's volatility.| Risk Adjusted Performance | 0.0481 | |||
| Jensen Alpha | 0.1369 | |||
| Total Risk Alpha | 0.3387 | |||
| Sortino Ratio | 0.0918 | |||
| Treynor Ratio | 0.1941 |
Harvia Oyj Backtested Returns
At this point, Harvia Oyj is very steady. Harvia Oyj holds Efficiency (Sharpe) Ratio of 0.0707, which attests that the entity had a 0.0707 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Harvia Oyj, which you can use to evaluate the volatility of the firm. Please check out Harvia Oyj's Risk Adjusted Performance of 0.0481, downside deviation of 2.14, and Market Risk Adjusted Performance of 0.2041 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Harvia Oyj has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Harvia Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harvia Oyj is expected to be smaller as well. Harvia Oyj right now retains a risk of 2.0%. Please check out Harvia Oyj skewness, and the relationship between the value at risk and day median price , to decide if Harvia Oyj will be following its current trending patterns.
Auto-correlation | -0.42 |
Modest reverse predictability
Harvia Oyj has modest reverse predictability. Overlapping area represents the amount of predictability between Harvia Oyj time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Harvia Oyj price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Harvia Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.69 |
Harvia Oyj lagged returns against current returns
Autocorrelation, which is Harvia 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 Harvia Oyj's stock expected returns. We can calculate the autocorrelation of Harvia Oyj returns to help us make a trade decision. For example, suppose you find that Harvia 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 |
Harvia 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 Harvia Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harvia Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harvia Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Harvia Oyj Lagged Returns
When evaluating Harvia Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harvia Oyj stock have on its future price. Harvia 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, Harvia Oyj autocorrelation shows the relationship between Harvia Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Harvia 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 Harvia Stock
Harvia Oyj financial ratios help investors to determine whether Harvia 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 Harvia with respect to the benefits of owning Harvia Oyj security.