Heeros Oyj (Finland) Market Value
| HEEROS Stock | EUR 5.55 0.05 0.89% |
| Symbol | Heeros |
Heeros 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 Heeros 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 Heeros Oyj.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Heeros Oyj on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Heeros Oyj or generate 0.0% return on investment in Heeros Oyj over 90 days. Heeros Oyj is related to or competes with Talenom Oyj, Titanium Oyj, Solteq PLC, and Vincit Group. Heeros Oyj provides cloud-based financial management solutions More
Heeros 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 Heeros 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 Heeros Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.1822 | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 0.9346 |
Heeros Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heeros Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heeros Oyj's standard deviation. In reality, there are many statistical measures that can use Heeros Oyj historical prices to predict the future Heeros Oyj's volatility.| Risk Adjusted Performance | 0.0482 | |||
| Jensen Alpha | 0.0454 | |||
| Total Risk Alpha | 0.1334 | |||
| Sortino Ratio | 0.0987 | |||
| Treynor Ratio | 0.3477 |
Heeros Oyj Backtested Returns
At this point, Heeros Oyj is not too volatile. Heeros Oyj holds Efficiency (Sharpe) Ratio of 0.0639, which attests that the entity had a 0.0639 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Heeros Oyj, which you can use to evaluate the volatility of the firm. Please check out Heeros Oyj's Risk Adjusted Performance of 0.0482, market risk adjusted performance of 0.3577, and Downside Deviation of 1.46 to validate if the risk estimate we provide is consistent with the expected return of 0.0503%. Heeros Oyj has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0995, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Heeros Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Heeros Oyj is expected to be smaller as well. Heeros Oyj right now retains a risk of 0.79%. Please check out Heeros Oyj value at risk, and the relationship between the jensen alpha and skewness , to decide if Heeros Oyj will be following its current trending patterns.
Auto-correlation | 0.32 |
Below average predictability
Heeros Oyj has below average predictability. Overlapping area represents the amount of predictability between Heeros Oyj time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Heeros Oyj price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Heeros Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Heeros Oyj lagged returns against current returns
Autocorrelation, which is Heeros 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 Heeros Oyj's stock expected returns. We can calculate the autocorrelation of Heeros Oyj returns to help us make a trade decision. For example, suppose you find that Heeros 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 |
Heeros 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 Heeros Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heeros Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heeros Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Heeros Oyj Lagged Returns
When evaluating Heeros Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heeros Oyj stock have on its future price. Heeros 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, Heeros Oyj autocorrelation shows the relationship between Heeros Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Heeros 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 Heeros Stock
Heeros Oyj financial ratios help investors to determine whether Heeros 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 Heeros with respect to the benefits of owning Heeros Oyj security.