Partnera Oyj (Finland) Market Value
| PARTNE1 Stock | EUR 0.78 0.02 2.63% |
| Symbol | Partnera |
Partnera 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 Partnera 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 Partnera Oyj.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Partnera Oyj on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Partnera Oyj or generate 0.0% return on investment in Partnera Oyj over 180 days. Partnera Oyj is related to or competes with Vincit Group, Verkkokauppa Oyj, Solteq PLC, and Tokmanni Group. Partnera Oy is a principal investment firm specializing in investing in companies operating in the public sector More
Partnera 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 Partnera 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 Partnera Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.0751 | |||
| Maximum Drawdown | 24.29 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 5.8 |
Partnera Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Partnera Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Partnera Oyj's standard deviation. In reality, there are many statistical measures that can use Partnera Oyj historical prices to predict the future Partnera Oyj's volatility.| Risk Adjusted Performance | 0.0751 | |||
| Jensen Alpha | 0.2739 | |||
| Total Risk Alpha | 0.1817 | |||
| Sortino Ratio | 0.0686 | |||
| Treynor Ratio | 3.53 |
Partnera Oyj Backtested Returns
Partnera Oyj appears to be extremely dangerous, given 3 months investment horizon. Partnera Oyj maintains Sharpe Ratio (i.e., Efficiency) of 0.0811, which implies the firm had a 0.0811% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Partnera Oyj, which you can use to evaluate the volatility of the company. Please evaluate Partnera Oyj's Semi Deviation of 2.59, risk adjusted performance of 0.0751, and Coefficient Of Variation of 1181.18 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Partnera Oyj holds a performance score of 6. The company holds a Beta of 0.078, which implies not very significant fluctuations relative to the market. As returns on the market increase, Partnera Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Partnera Oyj is expected to be smaller as well. Please check Partnera Oyj's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Partnera Oyj's historical price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Partnera Oyj has very weak predictability. Overlapping area represents the amount of predictability between Partnera Oyj time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Partnera Oyj price movement. The serial correlation of 0.19 indicates that over 19.0% of current Partnera Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Partnera Oyj lagged returns against current returns
Autocorrelation, which is Partnera 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 Partnera Oyj's stock expected returns. We can calculate the autocorrelation of Partnera Oyj returns to help us make a trade decision. For example, suppose you find that Partnera 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 |
Partnera 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 Partnera Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Partnera Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Partnera Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Partnera Oyj Lagged Returns
When evaluating Partnera Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Partnera Oyj stock have on its future price. Partnera 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, Partnera Oyj autocorrelation shows the relationship between Partnera Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Partnera 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 Partnera Stock
Partnera Oyj financial ratios help investors to determine whether Partnera 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 Partnera with respect to the benefits of owning Partnera Oyj security.