CapMan Oyj (Finland) Market Value
| CAPMAN Stock | EUR 1.97 0.04 2.07% |
| Symbol | CapMan |
CapMan 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 CapMan 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 CapMan Oyj.
| 03/29/2024 |
| 04/28/2024 |
If you would invest 0.00 in CapMan Oyj on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding CapMan Oyj B or generate 0.0% return on investment in CapMan Oyj over 30 days. CapMan Oyj is related to or competes with Aktia Bank, Alandsbanken Abp, Oma Saastopankki, Tokmanni Group. CapMan Oyj is a private equity firm specializing in growth capital investments, industry consolidation, middle market bu... More
CapMan 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 CapMan 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 CapMan Oyj B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.67 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.66 |
CapMan Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CapMan Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CapMan Oyj's standard deviation. In reality, there are many statistical measures that can use CapMan Oyj historical prices to predict the future CapMan Oyj's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CapMan Oyj's 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.
CapMan Oyj B Backtested Returns
CapMan Oyj B secures Sharpe Ratio (or Efficiency) of -0.0658, which signifies that the company had a -0.0658% return per unit of risk over the last 3 months. CapMan Oyj B exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CapMan Oyj's Risk Adjusted Performance of (0.03), standard deviation of 2.07, and Mean Deviation of 1.3 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CapMan Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding CapMan Oyj is expected to be smaller as well. CapMan Oyj B has an expected return of -0.14%. Please make sure to confirm CapMan Oyj B maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if CapMan Oyj B performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
CapMan Oyj B has excellent reverse predictability. Overlapping area represents the amount of predictability between CapMan Oyj time series from 29th of March 2024 to 13th of April 2024 and 13th of April 2024 to 28th of April 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 CapMan Oyj B price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current CapMan Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CapMan Oyj B lagged returns against current returns
Autocorrelation, which is CapMan 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 CapMan Oyj's stock expected returns. We can calculate the autocorrelation of CapMan Oyj returns to help us make a trade decision. For example, suppose you find that CapMan 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 |
CapMan 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 CapMan Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CapMan Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CapMan Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
CapMan Oyj Lagged Returns
When evaluating CapMan Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CapMan Oyj stock have on its future price. CapMan 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, CapMan Oyj autocorrelation shows the relationship between CapMan Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in CapMan Oyj B.
Regressed Prices |
| Timeline |
Pair Trading with CapMan Oyj
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CapMan Oyj position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CapMan Oyj will appreciate offsetting losses from the drop in the long position's value.Moving together with CapMan Stock
| 0.8 | NESTE | Neste Oil Oyj | PairCorr |
Moving against CapMan Stock
| 0.79 | CGCBV | Cargotec Oyj | PairCorr |
| 0.73 | SAMPO | Sampo Oyj A | PairCorr |
| 0.47 | QTCOM | Qt Group Oyj | PairCorr |
The ability to find closely correlated positions to CapMan Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CapMan Oyj when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CapMan Oyj - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CapMan Oyj B to buy it.
The correlation of CapMan Oyj is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CapMan Oyj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CapMan Oyj B moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CapMan Oyj can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out CapMan Oyj Correlation, CapMan Oyj Volatility and CapMan Oyj Alpha and Beta module to complement your research on CapMan Oyj. Note that the CapMan Oyj B information on this page should be used as a complementary analysis to other CapMan Oyj's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for CapMan Stock analysis
When running CapMan Oyj's price analysis, check to measure CapMan 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 CapMan Oyj is operating at the current time. Most of CapMan Oyj's value examination focuses on studying past and present price action to predict the probability of CapMan 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 CapMan Oyj's price. Additionally, you may evaluate how the addition of CapMan Oyj to your portfolios can decrease your overall portfolio volatility.
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CapMan Oyj technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.