Outokumpu Oyj Adr Stock Market Value
| OUTKY Stock | USD 1.93 0.15 8.43% |
| Symbol | Outokumpu |
Outokumpu 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 Outokumpu Oyj's pink sheet 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 Outokumpu Oyj.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Outokumpu Oyj on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Outokumpu Oyj ADR or generate 0.0% return on investment in Outokumpu Oyj over 90 days. Outokumpu Oyj is related to or competes with Companhia Siderurgica, Olympic Steel, Usinas Siderurgicas, POSCO Holdings, and Reliance Steel. Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, t... More
Outokumpu 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 Outokumpu Oyj's pink sheet 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 Outokumpu Oyj ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.37 | |||
| Information Ratio | 0.1093 | |||
| Maximum Drawdown | 15.54 | |||
| Value At Risk | (6.08) | |||
| Potential Upside | 6.88 |
Outokumpu Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Outokumpu Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Outokumpu Oyj's standard deviation. In reality, there are many statistical measures that can use Outokumpu Oyj historical prices to predict the future Outokumpu Oyj's volatility.| Risk Adjusted Performance | 0.0638 | |||
| Jensen Alpha | 0.1799 | |||
| Total Risk Alpha | 0.7258 | |||
| Sortino Ratio | 0.0536 | |||
| Treynor Ratio | (1.47) |
Outokumpu Oyj ADR Backtested Returns
Outokumpu Oyj appears to be very risky, given 3 months investment horizon. Outokumpu Oyj ADR maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Outokumpu Oyj ADR, which you can use to evaluate the volatility of the company. Please evaluate Outokumpu Oyj's Semi Deviation of 2.01, coefficient of variation of 1494.03, and Risk Adjusted Performance of 0.0638 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Outokumpu Oyj holds a performance score of 10. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Outokumpu Oyj are expected to decrease at a much lower rate. During the bear market, Outokumpu Oyj is likely to outperform the market. Please check Outokumpu Oyj's total risk alpha, downside variance, as well as the relationship between the Downside Variance and rate of daily change , to make a quick decision on whether Outokumpu Oyj's historical price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Outokumpu Oyj ADR has weak reverse predictability. Overlapping area represents the amount of predictability between Outokumpu Oyj time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Outokumpu Oyj ADR price movement. The serial correlation of -0.25 indicates that over 25.0% of current Outokumpu Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Outokumpu Oyj ADR lagged returns against current returns
Autocorrelation, which is Outokumpu Oyj pink sheet'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 Outokumpu Oyj's pink sheet expected returns. We can calculate the autocorrelation of Outokumpu Oyj returns to help us make a trade decision. For example, suppose you find that Outokumpu Oyj has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Outokumpu 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 Outokumpu Oyj pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Outokumpu Oyj pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Outokumpu Oyj pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Outokumpu Oyj Lagged Returns
When evaluating Outokumpu Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Outokumpu Oyj pink sheet have on its future price. Outokumpu 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, Outokumpu Oyj autocorrelation shows the relationship between Outokumpu Oyj pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Outokumpu Oyj ADR.
Regressed Prices |
| Timeline |
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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.Additional Tools for Outokumpu Pink Sheet Analysis
When running Outokumpu Oyj's price analysis, check to measure Outokumpu Oyj's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Outokumpu Oyj is operating at the current time. Most of Outokumpu Oyj's value examination focuses on studying past and present price action to predict the probability of Outokumpu Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outokumpu Oyj's price. Additionally, you may evaluate how the addition of Outokumpu Oyj to your portfolios can decrease your overall portfolio volatility.