Aega ASA (Norway) Market Value
| AEGA Stock | NOK 0.26 0.08 23.53% |
| Symbol | Aega |
Aega ASA '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 Aega ASA'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 Aega ASA.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Aega ASA on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Aega ASA or generate 0.0% return on investment in Aega ASA over 720 days. Aega ASA is related to or competes with Instabank ASA, Grong Sparebank, SD Standard, Bien Sparebank, Nidaros Sparebank, Skue Sparebank, and Melhus Sparebank. Aega ASA, a solar utility company, acquires and operates solar power plants More
Aega ASA 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 Aega ASA'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 Aega ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.76 | |||
| Information Ratio | 0.0319 | |||
| Maximum Drawdown | 352.83 | |||
| Value At Risk | (17.54) | |||
| Potential Upside | 20.0 |
Aega ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aega ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aega ASA's standard deviation. In reality, there are many statistical measures that can use Aega ASA historical prices to predict the future Aega ASA's volatility.| Risk Adjusted Performance | 0.0369 | |||
| Jensen Alpha | 1.3 | |||
| Total Risk Alpha | (5.08) | |||
| Sortino Ratio | 0.0593 | |||
| Treynor Ratio | 2.82 |
Aega ASA Backtested Returns
Aega ASA is out of control given 3 months investment horizon. Aega ASA secures Sharpe Ratio (or Efficiency) of 0.0342, which signifies that the company had a 0.0342% return per unit of standard deviation over the last 3 months. We were able to break down and interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.33% are justified by taking the suggested risk. Use Aega ASA mean deviation of 12.91, and Risk Adjusted Performance of 0.0369 to evaluate company specific risk that cannot be diversified away. Aega ASA holds a performance score of 2 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aega ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aega ASA is expected to be smaller as well. Use Aega ASA semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to analyze future returns on Aega ASA.
Auto-correlation | 0.80 |
Very good predictability
Aega ASA has very good predictability. Overlapping area represents the amount of predictability between Aega ASA time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Aega ASA price movement. The serial correlation of 0.8 indicates that around 80.0% of current Aega ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Aega ASA lagged returns against current returns
Autocorrelation, which is Aega ASA 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 Aega ASA's stock expected returns. We can calculate the autocorrelation of Aega ASA returns to help us make a trade decision. For example, suppose you find that Aega ASA 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 |
Aega ASA 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 Aega ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aega ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aega ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Aega ASA Lagged Returns
When evaluating Aega ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aega ASA stock have on its future price. Aega ASA 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, Aega ASA autocorrelation shows the relationship between Aega ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Aega ASA.
Regressed Prices |
| Timeline |
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Aega ASA financial ratios help investors to determine whether Aega 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 Aega with respect to the benefits of owning Aega ASA security.