Andfjord Salmon (Norway) Market Value
| ANDF Stock | NOK 42.20 1.40 3.43% |
| Symbol | Andfjord |
Andfjord Salmon '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 Andfjord Salmon'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 Andfjord Salmon.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Andfjord Salmon on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Andfjord Salmon AS or generate 0.0% return on investment in Andfjord Salmon over 90 days. Andfjord Salmon is related to or competes with Salmon Evolution, Nordic Aqua, Grieg Seafood, and Austevoll Seafood. Andfjord Salmon AS engages in the shore based farming of Atlantic salmon More
Andfjord Salmon 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 Andfjord Salmon'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 Andfjord Salmon AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.1429 | |||
| Maximum Drawdown | 14.35 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.46 |
Andfjord Salmon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andfjord Salmon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andfjord Salmon's standard deviation. In reality, there are many statistical measures that can use Andfjord Salmon historical prices to predict the future Andfjord Salmon's volatility.| Risk Adjusted Performance | 0.1617 | |||
| Jensen Alpha | 0.4452 | |||
| Total Risk Alpha | 0.1006 | |||
| Sortino Ratio | 0.1973 | |||
| Treynor Ratio | (1.23) |
Andfjord Salmon AS Backtested Returns
Andfjord Salmon appears to be very steady, given 3 months investment horizon. Andfjord Salmon AS secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of standard deviation over the last 3 months. By analyzing Andfjord Salmon's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Andfjord Salmon's risk adjusted performance of 0.1617, and Mean Deviation of 1.23 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Andfjord Salmon holds a performance score of 18. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Andfjord Salmon are expected to decrease at a much lower rate. During the bear market, Andfjord Salmon is likely to outperform the market. Please check Andfjord Salmon's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Andfjord Salmon's price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Andfjord Salmon AS has below average predictability. Overlapping area represents the amount of predictability between Andfjord Salmon time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 Andfjord Salmon AS price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Andfjord Salmon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 11.96 |
Andfjord Salmon AS lagged returns against current returns
Autocorrelation, which is Andfjord Salmon 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 Andfjord Salmon's stock expected returns. We can calculate the autocorrelation of Andfjord Salmon returns to help us make a trade decision. For example, suppose you find that Andfjord Salmon 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 |
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Andfjord Salmon 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 Andfjord Salmon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andfjord Salmon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andfjord Salmon stock over time.
Current vs Lagged Prices |
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Andfjord Salmon Lagged Returns
When evaluating Andfjord Salmon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andfjord Salmon stock have on its future price. Andfjord Salmon 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, Andfjord Salmon autocorrelation shows the relationship between Andfjord Salmon stock current value and its past values and can show if there is a momentum factor associated with investing in Andfjord Salmon AS.
Regressed Prices |
| Timeline |
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Andfjord Salmon financial ratios help investors to determine whether Andfjord 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 Andfjord with respect to the benefits of owning Andfjord Salmon security.