Saga Furs (Finland) Market Value
| SAGCV Stock | EUR 8.55 0.15 1.79% |
| Symbol | Saga |
Saga Furs '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 Saga Furs' 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 Saga Furs.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Saga Furs on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Saga Furs Oyj or generate 0.0% return on investment in Saga Furs over 90 days. Saga Furs is related to or competes with Sampo Oyj, Fortum Oyj, UPM Kymmene, and Nordea Bank. Saga Furs Oyj operates as a full service auction house in the fur and fashion industries in Finland More
Saga Furs 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 Saga Furs' 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 Saga Furs Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 2.72 |
Saga Furs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saga Furs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saga Furs' standard deviation. In reality, there are many statistical measures that can use Saga Furs historical prices to predict the future Saga Furs' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (12.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Saga Furs' 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.
Saga Furs Oyj Backtested Returns
Saga Furs Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0426, which indicates the firm had a -0.0426% return per unit of risk over the last 3 months. Saga Furs Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saga Furs' Risk Adjusted Performance of (0.02), variance of 4.15, and Coefficient Of Variation of (2,744) to confirm the risk estimate we provide. The entity has a beta of 0.0068, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Saga Furs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Saga Furs is expected to be smaller as well. At this point, Saga Furs Oyj has a negative expected return of -0.0884%. Please make sure to validate Saga Furs' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Saga Furs Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Saga Furs Oyj has good reverse predictability. Overlapping area represents the amount of predictability between Saga Furs time series from 30th of September 2024 to 14th of November 2024 and 14th of November 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 Saga Furs Oyj price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Saga Furs price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Saga Furs Oyj lagged returns against current returns
Autocorrelation, which is Saga Furs 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 Saga Furs' stock expected returns. We can calculate the autocorrelation of Saga Furs returns to help us make a trade decision. For example, suppose you find that Saga Furs 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 |
Saga Furs 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 Saga Furs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saga Furs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saga Furs stock over time.
Current vs Lagged Prices |
| Timeline |
Saga Furs Lagged Returns
When evaluating Saga Furs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saga Furs stock have on its future price. Saga Furs 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, Saga Furs autocorrelation shows the relationship between Saga Furs stock current value and its past values and can show if there is a momentum factor associated with investing in Saga Furs 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 Saga Stock
Saga Furs financial ratios help investors to determine whether Saga 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 Saga with respect to the benefits of owning Saga Furs security.