ROMERIKE SPAREBANK (Germany) Market Value
| 92I Stock | EUR 11.63 0.03 0.26% |
| Symbol | ROMERIKE |
ROMERIKE SPAREBANK '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 ROMERIKE SPAREBANK'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 ROMERIKE SPAREBANK.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in ROMERIKE SPAREBANK on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding ROMERIKE SPAREBANK NK or generate 0.0% return on investment in ROMERIKE SPAREBANK over 90 days. ROMERIKE SPAREBANK is related to or competes with ARDAGH METAL, Lendlease, Sixt Leasing, ALBIS LEASING, and Jacquet Metal. Lillestrm Sparebank provides various banking products and services for private and business customers More
ROMERIKE SPAREBANK 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 ROMERIKE SPAREBANK'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 ROMERIKE SPAREBANK NK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9258 | |||
| Information Ratio | 0.2449 | |||
| Maximum Drawdown | 5.26 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.44 |
ROMERIKE SPAREBANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ROMERIKE SPAREBANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ROMERIKE SPAREBANK's standard deviation. In reality, there are many statistical measures that can use ROMERIKE SPAREBANK historical prices to predict the future ROMERIKE SPAREBANK's volatility.| Risk Adjusted Performance | 0.086 | |||
| Jensen Alpha | 0.0603 | |||
| Total Risk Alpha | 0.2375 | |||
| Sortino Ratio | 0.243 | |||
| Treynor Ratio | (0.53) |
ROMERIKE SPAREBANK Backtested Returns
At this point, ROMERIKE SPAREBANK is very steady. ROMERIKE SPAREBANK maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15 % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ROMERIKE SPAREBANK, which you can use to evaluate the volatility of the company. Please check ROMERIKE SPAREBANK's risk adjusted performance of 0.086, and Semi Deviation of 0.7528 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. ROMERIKE SPAREBANK has a performance score of 11 on a scale of 0 to 100. The company holds a Beta of -0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ROMERIKE SPAREBANK are expected to decrease at a much lower rate. During the bear market, ROMERIKE SPAREBANK is likely to outperform the market. ROMERIKE SPAREBANK currently holds a risk of 0.9%. Please check ROMERIKE SPAREBANK downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if ROMERIKE SPAREBANK will be following its historical price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
ROMERIKE SPAREBANK NK has virtually no predictability. Overlapping area represents the amount of predictability between ROMERIKE SPAREBANK time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 ROMERIKE SPAREBANK price movement. The serial correlation of 0.01 indicates that just 1.0% of current ROMERIKE SPAREBANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
ROMERIKE SPAREBANK lagged returns against current returns
Autocorrelation, which is ROMERIKE SPAREBANK 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 ROMERIKE SPAREBANK's stock expected returns. We can calculate the autocorrelation of ROMERIKE SPAREBANK returns to help us make a trade decision. For example, suppose you find that ROMERIKE SPAREBANK 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 |
ROMERIKE SPAREBANK 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 ROMERIKE SPAREBANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ROMERIKE SPAREBANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ROMERIKE SPAREBANK stock over time.
Current vs Lagged Prices |
| Timeline |
ROMERIKE SPAREBANK Lagged Returns
When evaluating ROMERIKE SPAREBANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ROMERIKE SPAREBANK stock have on its future price. ROMERIKE SPAREBANK 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, ROMERIKE SPAREBANK autocorrelation shows the relationship between ROMERIKE SPAREBANK stock current value and its past values and can show if there is a momentum factor associated with investing in ROMERIKE SPAREBANK NK.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ROMERIKE Stock
ROMERIKE SPAREBANK financial ratios help investors to determine whether ROMERIKE 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 ROMERIKE with respect to the benefits of owning ROMERIKE SPAREBANK security.