PF Bakkafrost's market value is the price at which a share of PF Bakkafrost trades on a public exchange. It measures the collective expectations of PF Bakkafrost investors about its performance. PF Bakkafrost is trading at 52.95 as of the 31st of December 2024. This is a 0.19 percent up since the beginning of the trading day. The stock's lowest day price was 52.95. With this module, you can estimate the performance of a buy and hold strategy of PF Bakkafrost and determine expected loss or profit from investing in PF Bakkafrost over a given investment horizon. Check out PF Bakkafrost Correlation, PF Bakkafrost Volatility and PF Bakkafrost Alpha and Beta module to complement your research on PF Bakkafrost.
Please note, there is a significant difference between PF Bakkafrost's value and its price as these two are different measures arrived at by different means. Investors typically determine if PF Bakkafrost is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PF Bakkafrost'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.
PF Bakkafrost '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 PF Bakkafrost'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 PF Bakkafrost.
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07/04/2024
No Change 0.00
0.0
In 5 months and 30 days
12/31/2024
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If you would invest 0.00 in PF Bakkafrost on July 4, 2024 and sell it all today you would earn a total of 0.00 from holding PF Bakkafrost or generate 0.0% return on investment in PF Bakkafrost over 180 days. PF Bakkafrost is related to or competes with Sysco, Jernimo Martins, Bunzl Plc, and . PF Bakkafrost, together with its subsidiaries, produces and sells salmon products under the Bakkafrost and Havsbrn brand... More
PF Bakkafrost 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 PF Bakkafrost'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 PF Bakkafrost 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 PF Bakkafrost's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PF Bakkafrost's standard deviation. In reality, there are many statistical measures that can use PF Bakkafrost historical prices to predict the future PF Bakkafrost's volatility.
At this point, PF Bakkafrost is very steady. PF Bakkafrost retains Efficiency (Sharpe Ratio) of 0.0093, which implies the firm had a 0.0093% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for PF Bakkafrost, which you can use to evaluate the volatility of the company. Please check PF Bakkafrost's market risk adjusted performance of (0.53), and Standard Deviation of 1.88 to confirm if the risk estimate we provide is consistent with the expected return of 0.0175%. The company owns a Beta (Systematic Risk) of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PF Bakkafrost are expected to decrease at a much lower rate. During the bear market, PF Bakkafrost is likely to outperform the market. PF Bakkafrost today owns a risk of 1.9%. Please check PF Bakkafrost market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if PF Bakkafrost will be following its current price history.
Auto-correlation
0.21
Weak predictability
PF Bakkafrost has weak predictability. Overlapping area represents the amount of predictability between PF Bakkafrost time series from 4th of July 2024 to 2nd of October 2024 and 2nd of October 2024 to 31st of December 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 PF Bakkafrost price movement. The serial correlation of 0.21 indicates that over 21.0% of current PF Bakkafrost price fluctuation can be explain by its past prices.
Correlation Coefficient
0.21
Spearman Rank Test
0.14
Residual Average
0.0
Price Variance
2.23
PF Bakkafrost lagged returns against current returns
Autocorrelation, which is PF Bakkafrost 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 PF Bakkafrost's stock expected returns. We can calculate the autocorrelation of PF Bakkafrost returns to help us make a trade decision. For example, suppose you find that PF Bakkafrost 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
PF Bakkafrost 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 PF Bakkafrost stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PF Bakkafrost stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PF Bakkafrost stock over time.
Current vs Lagged Prices
Timeline
PF Bakkafrost Lagged Returns
When evaluating PF Bakkafrost's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PF Bakkafrost stock have on its future price. PF Bakkafrost 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, PF Bakkafrost autocorrelation shows the relationship between PF Bakkafrost stock current value and its past values and can show if there is a momentum factor associated with investing in PF Bakkafrost.
PF Bakkafrost financial ratios help investors to determine whether 6BF 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 6BF with respect to the benefits of owning PF Bakkafrost security.