Austevoll Seafood (Norway) Market Value
| AUSS Stock | NOK 98.60 2.15 2.23% |
| Symbol | Austevoll |
Austevoll Seafood '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 Austevoll Seafood'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 Austevoll Seafood.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Austevoll Seafood on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Austevoll Seafood ASA or generate 0.0% return on investment in Austevoll Seafood over 90 days. Austevoll Seafood is related to or competes with Lery Seafood, Grieg Seafood, SalMar ASA, Pf Bakkafrost, and Mowi ASA. Austevoll Seafood ASA, a seafood company, engages in the salmon, white fish, and pelagic businesses in Norway, Europe, A... More
Austevoll Seafood 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 Austevoll Seafood'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 Austevoll Seafood ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0495 | |||
| Maximum Drawdown | 7.03 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 1.97 |
Austevoll Seafood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Austevoll Seafood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Austevoll Seafood's standard deviation. In reality, there are many statistical measures that can use Austevoll Seafood historical prices to predict the future Austevoll Seafood's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0475 | |||
| Total Risk Alpha | 0.1433 | |||
| Treynor Ratio | (0.05) |
Austevoll Seafood ASA Backtested Returns
Austevoll Seafood ASA secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Austevoll Seafood ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Austevoll Seafood's Standard Deviation of 1.44, risk adjusted performance of (0.01), and Mean Deviation of 1.08 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Austevoll Seafood's returns are expected to increase less than the market. However, during the bear market, the loss of holding Austevoll Seafood is expected to be smaller as well. At this point, Austevoll Seafood ASA has a negative expected return of -0.0013%. Please make sure to confirm Austevoll Seafood's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Austevoll Seafood ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Austevoll Seafood ASA has excellent reverse predictability. Overlapping area represents the amount of predictability between Austevoll Seafood time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Austevoll Seafood ASA price movement. The serial correlation of -0.84 indicates that around 84.0% of current Austevoll Seafood price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 12.21 |
Austevoll Seafood ASA lagged returns against current returns
Autocorrelation, which is Austevoll Seafood 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 Austevoll Seafood's stock expected returns. We can calculate the autocorrelation of Austevoll Seafood returns to help us make a trade decision. For example, suppose you find that Austevoll Seafood 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 |
Austevoll Seafood 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 Austevoll Seafood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Austevoll Seafood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Austevoll Seafood stock over time.
Current vs Lagged Prices |
| Timeline |
Austevoll Seafood Lagged Returns
When evaluating Austevoll Seafood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Austevoll Seafood stock have on its future price. Austevoll Seafood 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, Austevoll Seafood autocorrelation shows the relationship between Austevoll Seafood stock current value and its past values and can show if there is a momentum factor associated with investing in Austevoll Seafood ASA.
Regressed Prices |
| Timeline |
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Austevoll Seafood financial ratios help investors to determine whether Austevoll 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 Austevoll with respect to the benefits of owning Austevoll Seafood security.