Aurskog Sparebank (Norway) Market Value
| AURG Stock | NOK 234.15 0.15 0.06% |
| Symbol | Aurskog |
Aurskog Sparebank '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 Aurskog Sparebank'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 Aurskog Sparebank.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Aurskog Sparebank on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Aurskog Sparebank or generate 0.0% return on investment in Aurskog Sparebank over 90 days. Aurskog Sparebank is related to or competes with Helgeland Sparebank, Kongsberg Gruppen, Napatech, Elkem ASA, Arcticzymes Technologies, and Sparebanken Vest. Aurskog Sparebank provides various banking products and services in Norway More
Aurskog Sparebank 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 Aurskog Sparebank'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 Aurskog Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9081 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.71 |
Aurskog Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurskog Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurskog Sparebank's standard deviation. In reality, there are many statistical measures that can use Aurskog Sparebank historical prices to predict the future Aurskog Sparebank's volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.0376 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.29) |
Aurskog Sparebank Backtested Returns
As of now, Aurskog Stock is very steady. Aurskog Sparebank secures Sharpe Ratio (or Efficiency) of 0.0467, which signifies that the company had a 0.0467% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aurskog Sparebank, which you can use to evaluate the volatility of the firm. Please confirm Aurskog Sparebank's Mean Deviation of 0.5329, risk adjusted performance of 0.0342, and Downside Deviation of 0.9081 to double-check if the risk estimate we provide is consistent with the expected return of 0.038%. Aurskog Sparebank has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0934, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aurskog Sparebank are expected to decrease at a much lower rate. During the bear market, Aurskog Sparebank is likely to outperform the market. Aurskog Sparebank right now shows a risk of 0.81%. Please confirm Aurskog Sparebank jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Aurskog Sparebank will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Aurskog Sparebank has insignificant predictability. Overlapping area represents the amount of predictability between Aurskog Sparebank time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Aurskog Sparebank price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Aurskog Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 5.42 |
Aurskog Sparebank lagged returns against current returns
Autocorrelation, which is Aurskog Sparebank 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 Aurskog Sparebank's stock expected returns. We can calculate the autocorrelation of Aurskog Sparebank returns to help us make a trade decision. For example, suppose you find that Aurskog Sparebank 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 |
Aurskog Sparebank 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 Aurskog Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurskog Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurskog Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Aurskog Sparebank Lagged Returns
When evaluating Aurskog Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurskog Sparebank stock have on its future price. Aurskog Sparebank 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, Aurskog Sparebank autocorrelation shows the relationship between Aurskog Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Aurskog Sparebank.
Regressed Prices |
| Timeline |
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Aurskog Sparebank financial ratios help investors to determine whether Aurskog 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 Aurskog with respect to the benefits of owning Aurskog Sparebank security.