Olvi Oyj (Finland) Market Value

OLVAS Stock  EUR 29.20  0.20  0.68%   
Olvi Oyj's market value is the price at which a share of Olvi Oyj trades on a public exchange. It measures the collective expectations of Olvi Oyj A investors about its performance. Olvi Oyj is trading at 29.20 as of the 1st of January 2025. This is a 0.68% down since the beginning of the trading day. The stock's open price was 29.4.
With this module, you can estimate the performance of a buy and hold strategy of Olvi Oyj A and determine expected loss or profit from investing in Olvi Oyj over a given investment horizon. Check out Olvi Oyj Correlation, Olvi Oyj Volatility and Olvi Oyj Alpha and Beta module to complement your research on Olvi Oyj.
Symbol

Please note, there is a significant difference between Olvi Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olvi Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olvi Oyj'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.

Olvi 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 Olvi 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 Olvi Oyj.
0.00
12/08/2023
No Change 0.00  0.0 
In 1 year and 25 days
01/01/2025
0.00
If you would invest  0.00  in Olvi Oyj on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Olvi Oyj A or generate 0.0% return on investment in Olvi Oyj over 390 days. Olvi Oyj is related to or competes with Tokmanni Group, Valmet Oyj, Kesko Oyj, Huhtamaki Oyj, and UPM Kymmene. Olvi Oyj engages in the manufacture and wholesale of alcoholic and non-alcoholic beverages in Finland, Estonia, Latvia, ... More

Olvi 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 Olvi 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 Olvi Oyj A upside and downside potential and time the market with a certain degree of confidence.

Olvi Oyj Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Olvi Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Olvi Oyj's standard deviation. In reality, there are many statistical measures that can use Olvi Oyj historical prices to predict the future Olvi Oyj's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Olvi 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.
Hype
Prediction
LowEstimatedHigh
28.4529.4030.35
Details
Intrinsic
Valuation
LowRealHigh
25.5026.4532.34
Details
Naive
Forecast
LowNextHigh
27.4628.4029.35
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.2929.2330.17
Details

Olvi Oyj A Backtested Returns

Olvi Oyj A maintains Sharpe Ratio (i.e., Efficiency) of -0.0014, which implies the firm had a -0.0014% return per unit of risk over the last 3 months. Olvi Oyj A exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Olvi Oyj's Risk Adjusted Performance of (0.02), coefficient of variation of (4,894), and Variance of 0.8606 to confirm the risk estimate we provide. The company holds a Beta of -0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Olvi Oyj are expected to decrease at a much lower rate. During the bear market, Olvi Oyj is likely to outperform the market. At this point, Olvi Oyj A has a negative expected return of -0.0013%. Please make sure to check Olvi Oyj's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Olvi Oyj A performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.44  

Modest reverse predictability

Olvi Oyj A has modest reverse predictability. Overlapping area represents the amount of predictability between Olvi Oyj time series from 8th of December 2023 to 20th of June 2024 and 20th of June 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 Olvi Oyj A price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Olvi Oyj price fluctuation can be explain by its past prices.
Correlation Coefficient-0.44
Spearman Rank Test-0.48
Residual Average0.0
Price Variance0.71

Olvi Oyj A lagged returns against current returns

Autocorrelation, which is Olvi 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 Olvi Oyj's stock expected returns. We can calculate the autocorrelation of Olvi Oyj returns to help us make a trade decision. For example, suppose you find that Olvi 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  

Olvi 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 Olvi Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Olvi Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Olvi Oyj stock over time.
   Current vs Lagged Prices   
       Timeline  

Olvi Oyj Lagged Returns

When evaluating Olvi Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Olvi Oyj stock have on its future price. Olvi 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, Olvi Oyj autocorrelation shows the relationship between Olvi Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Olvi Oyj A.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Olvi Stock

Olvi Oyj financial ratios help investors to determine whether Olvi 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 Olvi with respect to the benefits of owning Olvi Oyj security.