Scanfil Oyj's market value is the price at which a share of Scanfil Oyj trades on a public exchange. It measures the collective expectations of Scanfil Oyj investors about its performance. Scanfil Oyj is trading at 8.33 as of the 9th of January 2025, a 0.6 percent decrease since the beginning of the trading day. The stock's open price was 8.38. With this module, you can estimate the performance of a buy and hold strategy of Scanfil Oyj and determine expected loss or profit from investing in Scanfil Oyj over a given investment horizon. Check out Scanfil Oyj Correlation, Scanfil Oyj Volatility and Scanfil Oyj Alpha and Beta module to complement your research on Scanfil Oyj.
Please note, there is a significant difference between Scanfil Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Scanfil Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scanfil 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.
Scanfil 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 Scanfil 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 Scanfil Oyj.
0.00
01/20/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/09/2025
0.00
If you would invest 0.00 in Scanfil Oyj on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Scanfil Oyj or generate 0.0% return on investment in Scanfil Oyj over 720 days. Scanfil Oyj is related to or competes with Nokia Oyj, Telia Company, Nordea Bank, Telefonaktiebolaget, Finnair Oyj, Fortum Oyj, and Neste Oil. Scanfil Oyj operates as a contract manufacturer and system supplier for the electronics industry worldwide More
Scanfil 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 Scanfil 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 Scanfil Oyj 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 Scanfil Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scanfil Oyj's standard deviation. In reality, there are many statistical measures that can use Scanfil Oyj historical prices to predict the future Scanfil Oyj's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Scanfil Oyj. Your research has to be compared to or analyzed against Scanfil Oyj's peers to derive any actionable benefits. When done correctly, Scanfil Oyj's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Scanfil Oyj.
Scanfil Oyj Backtested Returns
Scanfil Oyj appears to be not too volatile, given 3 months investment horizon. Scanfil Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Scanfil Oyj, which you can use to evaluate the volatility of the company. Please review Scanfil Oyj's Coefficient Of Variation of 665.22, risk adjusted performance of 0.1257, and Semi Deviation of 1.21 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Scanfil Oyj holds a performance score of 11. The entity has a beta of -0.003, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scanfil Oyj are expected to decrease at a much lower rate. During the bear market, Scanfil Oyj is likely to outperform the market. Please check Scanfil Oyj's information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Scanfil Oyj's existing price patterns will revert.
Auto-correlation
-0.14
Insignificant reverse predictability
Scanfil Oyj has insignificant reverse predictability. Overlapping area represents the amount of predictability between Scanfil Oyj time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 Scanfil Oyj price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Scanfil Oyj price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.14
Spearman Rank Test
0.22
Residual Average
0.0
Price Variance
0.11
Scanfil Oyj lagged returns against current returns
Autocorrelation, which is Scanfil 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 Scanfil Oyj's stock expected returns. We can calculate the autocorrelation of Scanfil Oyj returns to help us make a trade decision. For example, suppose you find that Scanfil 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
Scanfil 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 Scanfil Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scanfil Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scanfil Oyj stock over time.
Current vs Lagged Prices
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Scanfil Oyj Lagged Returns
When evaluating Scanfil Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scanfil Oyj stock have on its future price. Scanfil 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, Scanfil Oyj autocorrelation shows the relationship between Scanfil Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Scanfil 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.
Scanfil Oyj financial ratios help investors to determine whether Scanfil 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 Scanfil with respect to the benefits of owning Scanfil Oyj security.