Incap Oyj (Finland) Market Value
| ICP1V Stock | EUR 9.73 0.06 0.61% |
| Symbol | Incap |
Incap 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 Incap 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 Incap Oyj.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Incap Oyj on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Incap Oyj or generate 0.0% return on investment in Incap Oyj over 330 days. Incap Oyj is related to or competes with Harvia Oyj, Qt Group, Revenio, and Tecnotree Oyj. Incap Oyj, together with its subsidiaries, provides electronics manufacturing services in Finland, Estonia, India, and H... More
Incap 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 Incap 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 Incap Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.42 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 2.14 |
Incap Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Incap Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Incap Oyj's standard deviation. In reality, there are many statistical measures that can use Incap Oyj historical prices to predict the future Incap Oyj's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 1.43 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Incap 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.
Incap Oyj Backtested Returns
Incap Oyj holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Incap Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Incap Oyj's Standard Deviation of 1.63, market risk adjusted performance of 1.44, and Risk Adjusted Performance of (0.10) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Incap Oyj are expected to decrease at a much lower rate. During the bear market, Incap Oyj is likely to outperform the market. At this point, Incap Oyj has a negative expected return of -0.23%. Please make sure to check out Incap Oyj's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Incap Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Incap Oyj has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Incap Oyj time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd 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 Incap Oyj price movement. The serial correlation of -0.77 indicates that around 77.0% of current Incap Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Incap Oyj lagged returns against current returns
Autocorrelation, which is Incap 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 Incap Oyj's stock expected returns. We can calculate the autocorrelation of Incap Oyj returns to help us make a trade decision. For example, suppose you find that Incap 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 |
Incap 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 Incap Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Incap Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Incap Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Incap Oyj Lagged Returns
When evaluating Incap Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Incap Oyj stock have on its future price. Incap 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, Incap Oyj autocorrelation shows the relationship between Incap Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Incap 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 Incap Stock
Incap Oyj financial ratios help investors to determine whether Incap 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 Incap with respect to the benefits of owning Incap Oyj security.