WITHSECURE (Finland) Market Value
| WITH Stock | 0.92 0.01 1.10% |
| Symbol | WITHSECURE |
WITHSECURE '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 WITHSECURE'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 WITHSECURE.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in WITHSECURE on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding WITHSECURE or generate 0.0% return on investment in WITHSECURE over 90 days. WITHSECURE is related to or competes with F SECURE, Qt Group, Tokmanni Group, Harvia Oyj, and TietoEVRY Corp. More
WITHSECURE 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 WITHSECURE'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 WITHSECURE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.189 | |||
| Maximum Drawdown | 12.62 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 4.71 |
WITHSECURE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WITHSECURE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WITHSECURE's standard deviation. In reality, there are many statistical measures that can use WITHSECURE historical prices to predict the future WITHSECURE's volatility.| Risk Adjusted Performance | 0.1391 | |||
| Jensen Alpha | 0.4697 | |||
| Total Risk Alpha | 0.7319 | |||
| Sortino Ratio | 0.2043 | |||
| Treynor Ratio | 0.5932 |
WITHSECURE Backtested Returns
WITHSECURE appears to be dangerous, given 3 months investment horizon. WITHSECURE shows Sharpe Ratio of 0.16, which attests that the company had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WITHSECURE, which you can use to evaluate the volatility of the company. Please utilize WITHSECURE's Mean Deviation of 2.05, downside deviation of 2.48, and Market Risk Adjusted Performance of 0.6032 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WITHSECURE holds a performance score of 12. The firm maintains a market beta of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WITHSECURE's returns are expected to increase less than the market. However, during the bear market, the loss of holding WITHSECURE is expected to be smaller as well. Please check WITHSECURE's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether WITHSECURE's historical returns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
WITHSECURE has insignificant reverse predictability. Overlapping area represents the amount of predictability between WITHSECURE time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 WITHSECURE price movement. The serial correlation of -0.12 indicates that less than 12.0% of current WITHSECURE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WITHSECURE lagged returns against current returns
Autocorrelation, which is WITHSECURE 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 WITHSECURE's stock expected returns. We can calculate the autocorrelation of WITHSECURE returns to help us make a trade decision. For example, suppose you find that WITHSECURE 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 |
WITHSECURE 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 WITHSECURE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WITHSECURE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WITHSECURE stock over time.
Current vs Lagged Prices |
| Timeline |
WITHSECURE Lagged Returns
When evaluating WITHSECURE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WITHSECURE stock have on its future price. WITHSECURE 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, WITHSECURE autocorrelation shows the relationship between WITHSECURE stock current value and its past values and can show if there is a momentum factor associated with investing in WITHSECURE.
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 WITHSECURE Stock
WITHSECURE financial ratios help investors to determine whether WITHSECURE 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 WITHSECURE with respect to the benefits of owning WITHSECURE security.