AF Gruppen (Norway) Market Value
| AFG Stock | NOK 148.00 1.20 0.82% |
| Symbol | AFG |
AF Gruppen '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 AF Gruppen'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 AF Gruppen.
| 09/02/2024 |
| 03/01/2025 |
If you would invest 0.00 in AF Gruppen on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding AF Gruppen ASA or generate 0.0% return on investment in AF Gruppen over 180 days. AF Gruppen is related to or competes with Veidekke ASA, Gjensidige Forsikring, Orkla ASA, Kongsberg Gruppen, and Atea ASA. AF Gruppen ASA, a contracting and industrial company, engages in civil engineering, environment, building, property, ene... More
AF Gruppen 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 AF Gruppen'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 AF Gruppen ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0795 | |||
| Maximum Drawdown | 10.83 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 2.32 |
AF Gruppen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AF Gruppen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AF Gruppen's standard deviation. In reality, there are many statistical measures that can use AF Gruppen historical prices to predict the future AF Gruppen's volatility.| Risk Adjusted Performance | 0.0584 | |||
| Jensen Alpha | 0.1195 | |||
| Total Risk Alpha | 0.1625 | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | 0.2708 |
AF Gruppen ASA Backtested Returns
As of now, AFG Stock is very steady. AF Gruppen ASA retains Efficiency (Sharpe Ratio) of 0.0367, which signifies that the company had a 0.0367 % return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for AF Gruppen, which you can use to evaluate the volatility of the firm. Please confirm AF Gruppen's Standard Deviation of 1.68, coefficient of variation of 1394.02, and Market Risk Adjusted Performance of 0.2808 to double-check if the risk estimate we provide is consistent with the expected return of 0.0627%. AF Gruppen has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AF Gruppen's returns are expected to increase less than the market. However, during the bear market, the loss of holding AF Gruppen is expected to be smaller as well. AF Gruppen ASA today owns a risk of 1.71%. Please confirm AF Gruppen ASA mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if AF Gruppen ASA will be following its current price history.
Auto-correlation | 0.52 |
Modest predictability
AF Gruppen ASA has modest predictability. Overlapping area represents the amount of predictability between AF Gruppen time series from 2nd of September 2024 to 1st of December 2024 and 1st of December 2024 to 1st 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 AF Gruppen ASA price movement. The serial correlation of 0.52 indicates that about 52.0% of current AF Gruppen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 48.91 |
AF Gruppen ASA lagged returns against current returns
Autocorrelation, which is AF Gruppen 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 AF Gruppen's stock expected returns. We can calculate the autocorrelation of AF Gruppen returns to help us make a trade decision. For example, suppose you find that AF Gruppen 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 |
AF Gruppen 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 AF Gruppen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AF Gruppen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AF Gruppen stock over time.
Current vs Lagged Prices |
| Timeline |
AF Gruppen Lagged Returns
When evaluating AF Gruppen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AF Gruppen stock have on its future price. AF Gruppen 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, AF Gruppen autocorrelation shows the relationship between AF Gruppen stock current value and its past values and can show if there is a momentum factor associated with investing in AF Gruppen ASA.
Regressed Prices |
| Timeline |
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AF Gruppen financial ratios help investors to determine whether AFG 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 AFG with respect to the benefits of owning AF Gruppen security.