2020 Bulkers (Norway) Market Value
| 2020 Stock | NOK 129.00 0.80 0.62% |
| Symbol | 2020 |
2020 Bulkers '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 2020 Bulkers' 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 2020 Bulkers.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in 2020 Bulkers on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding 2020 Bulkers or generate 0.0% return on investment in 2020 Bulkers over 30 days. 2020 Bulkers is related to or competes with Havila Shipping, Shelf Drilling, Solstad Offsho, and Eidesvik Offshore. 2020 Bulkers Ltd owns and operates large dry bulk vessels worldwide More
2020 Bulkers 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 2020 Bulkers' 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 2020 Bulkers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 3.51 |
2020 Bulkers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 2020 Bulkers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 2020 Bulkers' standard deviation. In reality, there are many statistical measures that can use 2020 Bulkers historical prices to predict the future 2020 Bulkers' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.4053 |
2020 Bulkers Backtested Returns
2020 Bulkers retains Efficiency (Sharpe Ratio) of -0.0258, which signifies that the company had a -0.0258% return per unit of price deviation over the last 3 months. 2020 Bulkers exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 2020 Bulkers' Variance of 4.17, information ratio of (0.09), and Market Risk Adjusted Performance of 0.4153 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 2020 Bulkers are expected to decrease at a much lower rate. During the bear market, 2020 Bulkers is likely to outperform the market. At this point, 2020 Bulkers has a negative expected return of -0.0534%. Please make sure to confirm 2020 Bulkers' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if 2020 Bulkers performance from the past will be repeated sooner or later.
Auto-correlation | -0.85 |
Excellent reverse predictability
2020 Bulkers has excellent reverse predictability. Overlapping area represents the amount of predictability between 2020 Bulkers time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 2020 Bulkers price movement. The serial correlation of -0.85 indicates that around 85.0% of current 2020 Bulkers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 42.46 |
2020 Bulkers lagged returns against current returns
Autocorrelation, which is 2020 Bulkers 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 2020 Bulkers' stock expected returns. We can calculate the autocorrelation of 2020 Bulkers returns to help us make a trade decision. For example, suppose you find that 2020 Bulkers 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 |
2020 Bulkers 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 2020 Bulkers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 2020 Bulkers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 2020 Bulkers stock over time.
Current vs Lagged Prices |
| Timeline |
2020 Bulkers Lagged Returns
When evaluating 2020 Bulkers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 2020 Bulkers stock have on its future price. 2020 Bulkers 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, 2020 Bulkers autocorrelation shows the relationship between 2020 Bulkers stock current value and its past values and can show if there is a momentum factor associated with investing in 2020 Bulkers.
Regressed Prices |
| Timeline |
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2020 Bulkers financial ratios help investors to determine whether 2020 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 2020 with respect to the benefits of owning 2020 Bulkers security.