Sparebanken Vest (UK) Market Value
| 0G67 Stock | 143.28 0.62 0.43% |
| Symbol | Sparebanken |
Sparebanken Vest '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 Sparebanken Vest'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 Sparebanken Vest.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Sparebanken Vest on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Sparebanken Vest or generate 0.0% return on investment in Sparebanken Vest over 30 days. Sparebanken Vest is related to or competes with Norman Broadbent, Ecclesiastical Insurance, Trainline Plc, Gear4music Plc, and Elmos Semiconductor. More
Sparebanken Vest 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 Sparebanken Vest'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 Sparebanken Vest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1111 | |||
| Maximum Drawdown | 11.72 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 1.15 |
Sparebanken Vest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparebanken Vest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparebanken Vest's standard deviation. In reality, there are many statistical measures that can use Sparebanken Vest historical prices to predict the future Sparebanken Vest's volatility.| Risk Adjusted Performance | 0.127 | |||
| Jensen Alpha | 0.2074 | |||
| Total Risk Alpha | 0.1335 | |||
| Treynor Ratio | (0.78) |
Sparebanken Vest Backtested Returns
Sparebanken Vest appears to be very steady, given 3 months investment horizon. Sparebanken Vest owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Sparebanken Vest, which you can use to evaluate the volatility of the company. Please review Sparebanken Vest's Risk Adjusted Performance of 0.127, variance of 2.07, and Coefficient Of Variation of 691.88 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sparebanken Vest holds a performance score of 11. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sparebanken Vest are expected to decrease at a much lower rate. During the bear market, Sparebanken Vest is likely to outperform the market. Please check Sparebanken Vest's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to make a quick decision on whether Sparebanken Vest's existing price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Sparebanken Vest has very good predictability. Overlapping area represents the amount of predictability between Sparebanken Vest time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 Sparebanken Vest price movement. The serial correlation of 0.81 indicates that around 81.0% of current Sparebanken Vest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Sparebanken Vest lagged returns against current returns
Autocorrelation, which is Sparebanken Vest 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 Sparebanken Vest's stock expected returns. We can calculate the autocorrelation of Sparebanken Vest returns to help us make a trade decision. For example, suppose you find that Sparebanken Vest 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 |
Sparebanken Vest 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 Sparebanken Vest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparebanken Vest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparebanken Vest stock over time.
Current vs Lagged Prices |
| Timeline |
Sparebanken Vest Lagged Returns
When evaluating Sparebanken Vest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparebanken Vest stock have on its future price. Sparebanken Vest 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, Sparebanken Vest autocorrelation shows the relationship between Sparebanken Vest stock current value and its past values and can show if there is a momentum factor associated with investing in Sparebanken Vest.
Regressed Prices |
| Timeline |
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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.Additional Tools for Sparebanken Stock Analysis
When running Sparebanken Vest's price analysis, check to measure Sparebanken Vest'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 Sparebanken Vest is operating at the current time. Most of Sparebanken Vest's value examination focuses on studying past and present price action to predict the probability of Sparebanken Vest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparebanken Vest's price. Additionally, you may evaluate how the addition of Sparebanken Vest to your portfolios can decrease your overall portfolio volatility.