Kojamo's market value is the price at which a share of Kojamo trades on a public exchange. It measures the collective expectations of Kojamo investors about its performance. Kojamo is trading at 9.39 as of the 1st of January 2025, a 1.73% increase since the beginning of the trading day. The stock's open price was 9.23. With this module, you can estimate the performance of a buy and hold strategy of Kojamo and determine expected loss or profit from investing in Kojamo over a given investment horizon. Check out Kojamo Correlation, Kojamo Volatility and Kojamo Alpha and Beta module to complement your research on Kojamo.
Please note, there is a significant difference between Kojamo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kojamo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kojamo'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.
Kojamo '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 Kojamo'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 Kojamo.
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10/03/2024
No Change 0.00
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In 2 months and 31 days
01/01/2025
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If you would invest 0.00 in Kojamo on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kojamo or generate 0.0% return on investment in Kojamo over 90 days. Kojamo is related to or competes with Elisa Oyj, Valmet Oyj, Huhtamaki Oyj, and TietoEVRY Corp. More
Kojamo 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 Kojamo'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 Kojamo 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 Kojamo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kojamo's standard deviation. In reality, there are many statistical measures that can use Kojamo historical prices to predict the future Kojamo's volatility.
Kojamo has Sharpe Ratio of -0.0724, which conveys that the firm had a -0.0724% return per unit of risk over the last 3 months. Kojamo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kojamo's Standard Deviation of 1.77, mean deviation of 1.39, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kojamo are expected to decrease at a much lower rate. During the bear market, Kojamo is likely to outperform the market. At this point, Kojamo has a negative expected return of -0.13%. Please make sure to verify Kojamo's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Kojamo performance from the past will be repeated at some point in the near future.
Auto-correlation
0.14
Insignificant predictability
Kojamo has insignificant predictability. Overlapping area represents the amount of predictability between Kojamo time series from 3rd of October 2024 to 17th of November 2024 and 17th of November 2024 to 1st 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 Kojamo price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Kojamo price fluctuation can be explain by its past prices.
Correlation Coefficient
0.14
Spearman Rank Test
0.33
Residual Average
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Price Variance
0.03
Kojamo lagged returns against current returns
Autocorrelation, which is Kojamo 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 Kojamo's stock expected returns. We can calculate the autocorrelation of Kojamo returns to help us make a trade decision. For example, suppose you find that Kojamo 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
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Kojamo 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 Kojamo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kojamo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kojamo stock over time.
Current vs Lagged Prices
Timeline
Kojamo Lagged Returns
When evaluating Kojamo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kojamo stock have on its future price. Kojamo 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, Kojamo autocorrelation shows the relationship between Kojamo stock current value and its past values and can show if there is a momentum factor associated with investing in Kojamo.
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.
Kojamo financial ratios help investors to determine whether Kojamo 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 Kojamo with respect to the benefits of owning Kojamo security.