Aasen Sparebank (Norway) Market Value
| AASB Stock | NOK 126.98 0.02 0.02% |
| Symbol | Aasen |
Aasen 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 Aasen 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 Aasen Sparebank.
| 11/20/2024 |
| 02/18/2025 |
If you would invest 0.00 in Aasen Sparebank on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Aasen Sparebank or generate 0.0% return on investment in Aasen Sparebank over 90 days. Aasen Sparebank is related to or competes with DnB ASA, Sparebank, Sparebanken Mre, Sparebank, Helgeland Sparebank, Jaeren Sparebank, and Grong Sparebank. Aasen Sparebank provides various banking products and services in Norway More
Aasen 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 Aasen 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 Aasen Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | 0.0635 | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 3.73 |
Aasen Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aasen Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aasen Sparebank's standard deviation. In reality, there are many statistical measures that can use Aasen Sparebank historical prices to predict the future Aasen Sparebank's volatility.| Risk Adjusted Performance | 0.0555 | |||
| Jensen Alpha | 0.1005 | |||
| Total Risk Alpha | 0.0979 | |||
| Sortino Ratio | 0.0499 | |||
| Treynor Ratio | (1.06) |
Aasen Sparebank Backtested Returns
As of now, Aasen Stock is very steady. Aasen Sparebank secures Sharpe Ratio (or Efficiency) of 0.0496, which signifies that the company had a 0.0496 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Aasen Sparebank, which you can use to evaluate the volatility of the firm. Please confirm Aasen Sparebank's Risk Adjusted Performance of 0.0555, downside deviation of 1.99, and Mean Deviation of 0.9048 to double-check if the risk estimate we provide is consistent with the expected return of 0.0764%. Aasen Sparebank has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0945, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aasen Sparebank are expected to decrease at a much lower rate. During the bear market, Aasen Sparebank is likely to outperform the market. Aasen Sparebank right now shows a risk of 1.54%. Please confirm Aasen Sparebank jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Aasen Sparebank will be following its price patterns.
Auto-correlation | 0.77 |
Good predictability
Aasen Sparebank has good predictability. Overlapping area represents the amount of predictability between Aasen Sparebank time series from 20th of November 2024 to 4th of January 2025 and 4th of January 2025 to 18th of February 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 Aasen Sparebank price movement. The serial correlation of 0.77 indicates that around 77.0% of current Aasen Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 3.96 |
Aasen Sparebank lagged returns against current returns
Autocorrelation, which is Aasen 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 Aasen Sparebank's stock expected returns. We can calculate the autocorrelation of Aasen Sparebank returns to help us make a trade decision. For example, suppose you find that Aasen 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 |
Aasen 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 Aasen Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aasen Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aasen Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Aasen Sparebank Lagged Returns
When evaluating Aasen Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aasen Sparebank stock have on its future price. Aasen 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, Aasen Sparebank autocorrelation shows the relationship between Aasen Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Aasen Sparebank.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Aasen Stock
Aasen Sparebank financial ratios help investors to determine whether Aasen 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 Aasen with respect to the benefits of owning Aasen Sparebank security.