Aker Solutions Asa Stock Market Value
| AKRYY Stock | USD 10.00 3.82 61.81% |
| Symbol | Aker |
Aker Solutions '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 Solutions' 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 Aker Solutions.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Aker Solutions on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Aker Solutions ASA or generate 0.0% return on investment in Aker Solutions over 30 days. Aker Solutions is related to or competes with Morningstar Unconstrained, Thrivent High, High Yield, Via Renewables, and T Rowe. Akastor ASA operates as an oilfield services investment company in Norway, Germany, the United States, Brazil, Asia, res... More
Aker Solutions 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 Solutions' 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 Aker Solutions ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.131 | |||
| Maximum Drawdown | 61.81 | |||
| Potential Upside | 3.85 |
Aker Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aker Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aker Solutions' standard deviation. In reality, there are many statistical measures that can use Aker Solutions historical prices to predict the future Aker Solutions' volatility.| Risk Adjusted Performance | 0.1154 | |||
| Jensen Alpha | 1.57 | |||
| Total Risk Alpha | 1.17 | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aker Solutions' 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.
Aker Solutions ASA Backtested Returns
Aker Solutions is very risky given 3 months investment horizon. Aker Solutions 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. We have analyzed and interpolated twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.48% are justified by taking the suggested risk. Use Aker Solutions mean deviation of 4.1, and Risk Adjusted Performance of 0.1154 to evaluate company specific risk that cannot be diversified away. Aker Solutions holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.94, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Aker Solutions are expected to decrease by larger amounts. On the other hand, during market turmoil, Aker Solutions is expected to outperform it. Use Aker Solutions standard deviation, skewness, price action indicator, as well as the relationship between the jensen alpha and rate of daily change , to analyze future returns on Aker Solutions.
Auto-correlation | -0.09 |
Very weak reverse predictability
Aker Solutions ASA has very weak reverse predictability. Overlapping area represents the amount of predictability between Aker Solutions time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Aker Solutions ASA price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Aker Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 4.31 |
Aker Solutions ASA lagged returns against current returns
Autocorrelation, which is Aker Solutions 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 Aker Solutions' pink sheet expected returns. We can calculate the autocorrelation of Aker Solutions returns to help us make a trade decision. For example, suppose you find that Aker Solutions 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 |
| Timeline |
Aker Solutions 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 Solutions pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aker Solutions pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aker Solutions pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aker Solutions Lagged Returns
When evaluating Aker Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aker Solutions pink sheet have on its future price. Aker Solutions 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 Solutions autocorrelation shows the relationship between Aker Solutions pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aker Solutions ASA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Aker Pink Sheet Analysis
When running Aker Solutions' price analysis, check to measure Aker Solutions' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aker Solutions is operating at the current time. Most of Aker Solutions' value examination focuses on studying past and present price action to predict the probability of Aker Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aker Solutions' price. Additionally, you may evaluate how the addition of Aker Solutions to your portfolios can decrease your overall portfolio volatility.