Akastor Asa Stock Market Value
| AKKVF Stock | USD 1.10 0.00 0.00% |
| Symbol | Akastor |
Akastor 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 Akastor ASA's pink sheet 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 Akastor ASA.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Akastor ASA on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Akastor ASA or generate 0.0% return on investment in Akastor ASA over 90 days. Akastor ASA is related to or competes with Calfrac Well, and Trican Well. Akastor ASA operates as an oilfield services investment company More
Akastor 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 Akastor ASA's pink sheet 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 Akastor ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.0 |
Akastor ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akastor ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akastor ASA's standard deviation. In reality, there are many statistical measures that can use Akastor ASA historical prices to predict the future Akastor ASA's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | 0.0499 | |||
| Treynor Ratio | 5.71 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Akastor ASA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Akastor ASA Backtested Returns
Akastor ASA secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13 % return per unit of standard deviation over the last 3 months. Akastor ASA exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akastor ASA's risk adjusted performance of (0.11), and Mean Deviation of 0.3999 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0374, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Akastor ASA are expected to decrease at a much lower rate. During the bear market, Akastor ASA is likely to outperform the market. At this point, Akastor ASA has a negative expected return of -0.2%. Please make sure to confirm Akastor ASA's standard deviation, as well as the relationship between the maximum drawdown and day median price , to decide if Akastor ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Akastor ASA has no correlation between past and present. Overlapping area represents the amount of predictability between Akastor ASA time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Akastor ASA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Akastor ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Akastor ASA lagged returns against current returns
Autocorrelation, which is Akastor ASA pink sheet'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 Akastor ASA's pink sheet expected returns. We can calculate the autocorrelation of Akastor ASA returns to help us make a trade decision. For example, suppose you find that Akastor ASA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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Akastor 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 Akastor ASA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akastor ASA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akastor ASA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Akastor ASA Lagged Returns
When evaluating Akastor ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akastor ASA pink sheet have on its future price. Akastor 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, Akastor ASA autocorrelation shows the relationship between Akastor ASA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Akastor ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Akastor Pink Sheet
Akastor ASA financial ratios help investors to determine whether Akastor Pink Sheet 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 Akastor with respect to the benefits of owning Akastor ASA security.