Arcticzymes Technologies (Norway) Market Value
| AZT Stock | NOK 13.00 0.12 0.91% |
| Symbol | Arcticzymes |
Arcticzymes Technologies '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 Arcticzymes Technologies' 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 Arcticzymes Technologies.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Arcticzymes Technologies on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Arcticzymes Technologies ASA or generate 0.0% return on investment in Arcticzymes Technologies over 30 days. Arcticzymes Technologies is related to or competes with Carasent ASA, Bergenbio ASA, Photocure, Kitron ASA, and Vow ASA. ArcticZymes Technologies ASA, a life sciences company, develops, manufactures, and markets recombinant enzymes derived f... More
Arcticzymes Technologies 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 Arcticzymes Technologies' 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 Arcticzymes Technologies ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 25.36 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 4.29 |
Arcticzymes Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arcticzymes Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arcticzymes Technologies' standard deviation. In reality, there are many statistical measures that can use Arcticzymes Technologies historical prices to predict the future Arcticzymes Technologies' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | 0.8926 |
Arcticzymes Technologies Backtested Returns
Arcticzymes Technologies secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of standard deviation over the last 3 months. Arcticzymes Technologies ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arcticzymes Technologies' risk adjusted performance of (0.12), and Mean Deviation of 1.96 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Arcticzymes Technologies are expected to decrease at a much lower rate. During the bear market, Arcticzymes Technologies is likely to outperform the market. At this point, Arcticzymes Technologies has a negative expected return of -0.51%. Please make sure to confirm Arcticzymes Technologies' maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Arcticzymes Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Arcticzymes Technologies ASA has modest predictability. Overlapping area represents the amount of predictability between Arcticzymes Technologies time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Arcticzymes Technologies price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Arcticzymes Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Arcticzymes Technologies lagged returns against current returns
Autocorrelation, which is Arcticzymes Technologies 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 Arcticzymes Technologies' stock expected returns. We can calculate the autocorrelation of Arcticzymes Technologies returns to help us make a trade decision. For example, suppose you find that Arcticzymes Technologies 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 |
Arcticzymes Technologies 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 Arcticzymes Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arcticzymes Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arcticzymes Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Arcticzymes Technologies Lagged Returns
When evaluating Arcticzymes Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arcticzymes Technologies stock have on its future price. Arcticzymes Technologies 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, Arcticzymes Technologies autocorrelation shows the relationship between Arcticzymes Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Arcticzymes Technologies ASA.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Arcticzymes Stock
Arcticzymes Technologies financial ratios help investors to determine whether Arcticzymes 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 Arcticzymes with respect to the benefits of owning Arcticzymes Technologies security.