Arendals Fossekompani (Norway) Market Value
| AFK Stock | NOK 121.60 1.80 1.46% |
| Symbol | Arendals |
Arendals Fossekompani '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 Arendals Fossekompani'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 Arendals Fossekompani.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Arendals Fossekompani on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Arendals Fossekompani ASA or generate 0.0% return on investment in Arendals Fossekompani over 90 days. Arendals Fossekompani is related to or competes with AF Gruppen, Aker ASA, Kitron ASA, Kongsberg Gruppen, and Veidekke ASA. Arendals Fossekompani ASA, an industrial investment company, engages in the operating hydro power plants More
Arendals Fossekompani 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 Arendals Fossekompani'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 Arendals Fossekompani ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 2.29 |
Arendals Fossekompani Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arendals Fossekompani's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arendals Fossekompani's standard deviation. In reality, there are many statistical measures that can use Arendals Fossekompani historical prices to predict the future Arendals Fossekompani's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 8.83 |
Arendals Fossekompani ASA Backtested Returns
Arendals Fossekompani ASA secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2 % return per unit of standard deviation over the last 3 months. Arendals Fossekompani ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arendals Fossekompani's risk adjusted performance of (0.17), and Mean Deviation of 1.1 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0354, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Arendals Fossekompani are expected to decrease at a much lower rate. During the bear market, Arendals Fossekompani is likely to outperform the market. At this point, Arendals Fossekompani ASA has a negative expected return of -0.3%. Please make sure to confirm Arendals Fossekompani's coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if Arendals Fossekompani ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Arendals Fossekompani ASA has good predictability. Overlapping area represents the amount of predictability between Arendals Fossekompani 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 Arendals Fossekompani ASA price movement. The serial correlation of 0.67 indicates that around 67.0% of current Arendals Fossekompani price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 8.93 |
Arendals Fossekompani ASA lagged returns against current returns
Autocorrelation, which is Arendals Fossekompani 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 Arendals Fossekompani's stock expected returns. We can calculate the autocorrelation of Arendals Fossekompani returns to help us make a trade decision. For example, suppose you find that Arendals Fossekompani 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 |
Arendals Fossekompani 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 Arendals Fossekompani stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arendals Fossekompani stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arendals Fossekompani stock over time.
Current vs Lagged Prices |
| Timeline |
Arendals Fossekompani Lagged Returns
When evaluating Arendals Fossekompani's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arendals Fossekompani stock have on its future price. Arendals Fossekompani 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, Arendals Fossekompani autocorrelation shows the relationship between Arendals Fossekompani stock current value and its past values and can show if there is a momentum factor associated with investing in Arendals Fossekompani ASA.
Regressed Prices |
| Timeline |
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Arendals Fossekompani financial ratios help investors to determine whether Arendals 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 Arendals with respect to the benefits of owning Arendals Fossekompani security.