Aker ASA (Norway) Market Value
| AKER Stock | NOK 572.00 5.00 0.88% |
| Symbol | Aker |
Aker 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 Aker 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 Aker ASA.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Aker ASA on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Aker ASA or generate 0.0% return on investment in Aker ASA over 60 days. Aker ASA is related to or competes with DnB ASA, Gjensidige Forsikring, Orkla ASA, Telenor ASA, and Yara International. Aker ASA operates as an industrial investment company primarily in Norway, the European Union, North America, South Amer... More
Aker 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 Aker 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 Aker ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.43 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.01 |
Aker ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aker ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aker ASA's standard deviation. In reality, there are many statistical measures that can use Aker ASA historical prices to predict the future Aker ASA's volatility.| Risk Adjusted Performance | 0.023 | |||
| Jensen Alpha | 0.0062 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1559 |
Aker ASA Backtested Returns
As of now, Aker Stock is very steady. Aker ASA secures Sharpe Ratio (or Efficiency) of 0.0431, which signifies that the company had a 0.0431% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aker ASA, which you can use to evaluate the volatility of the firm. Please confirm Aker ASA's risk adjusted performance of 0.023, and Mean Deviation of 1.02 to double-check if the risk estimate we provide is consistent with the expected return of 0.0611%. Aker ASA has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aker ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aker ASA is expected to be smaller as well. Aker ASA right now shows a risk of 1.42%. Please confirm Aker ASA mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Aker ASA will be following its price patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Aker ASA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aker ASA time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 Aker ASA price movement. The serial correlation of -0.18 indicates that over 18.0% of current Aker ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 266.46 |
Aker ASA lagged returns against current returns
Autocorrelation, which is Aker 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 Aker ASA's stock expected returns. We can calculate the autocorrelation of Aker ASA returns to help us make a trade decision. For example, suppose you find that Aker 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 |
Aker 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 Aker ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aker ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aker ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Aker ASA Lagged Returns
When evaluating Aker ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aker ASA stock have on its future price. Aker 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, Aker ASA autocorrelation shows the relationship between Aker ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Aker ASA.
Regressed Prices |
| Timeline |
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Aker ASA financial ratios help investors to determine whether Aker 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 Aker with respect to the benefits of owning Aker ASA security.