Bergen Carbon (Norway) Market Value
| BCS Stock | NOK 3.26 0.02 0.61% |
| Symbol | Bergen |
Bergen Carbon '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 Bergen Carbon'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 Bergen Carbon.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Bergen Carbon on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Bergen Carbon Solutions or generate 0.0% return on investment in Bergen Carbon over 30 days. Bergen Carbon is related to or competes with Elkem ASA, Borregaard ASA, Tekna Holding, Horisont Energi. Bergen Carbon Solutions AS develops and manufactures carbon nanofibers using carbon dioxide and hydropower More
Bergen Carbon 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 Bergen Carbon'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 Bergen Carbon Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 20.83 | |||
| Value At Risk | (6.54) | |||
| Potential Upside | 6.87 |
Bergen Carbon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bergen Carbon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bergen Carbon's standard deviation. In reality, there are many statistical measures that can use Bergen Carbon historical prices to predict the future Bergen Carbon's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (0.53) |
Bergen Carbon Solutions Backtested Returns
Bergen Carbon Solutions secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Bergen Carbon Solutions exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bergen Carbon's Mean Deviation of 2.77, standard deviation of 4.07, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.02, which signifies a somewhat significant risk relative to the market. Bergen Carbon returns are very sensitive to returns on the market. As the market goes up or down, Bergen Carbon is expected to follow. At this point, Bergen Carbon Solutions has a negative expected return of -0.5%. Please make sure to confirm Bergen Carbon's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Bergen Carbon Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Bergen Carbon Solutions has good predictability. Overlapping area represents the amount of predictability between Bergen Carbon time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Bergen Carbon Solutions price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Bergen Carbon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Bergen Carbon Solutions lagged returns against current returns
Autocorrelation, which is Bergen Carbon 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 Bergen Carbon's stock expected returns. We can calculate the autocorrelation of Bergen Carbon returns to help us make a trade decision. For example, suppose you find that Bergen Carbon 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 |
Bergen Carbon 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 Bergen Carbon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bergen Carbon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bergen Carbon stock over time.
Current vs Lagged Prices |
| Timeline |
Bergen Carbon Lagged Returns
When evaluating Bergen Carbon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bergen Carbon stock have on its future price. Bergen Carbon 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, Bergen Carbon autocorrelation shows the relationship between Bergen Carbon stock current value and its past values and can show if there is a momentum factor associated with investing in Bergen Carbon Solutions.
Regressed Prices |
| Timeline |
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Bergen Carbon financial ratios help investors to determine whether Bergen 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 Bergen with respect to the benefits of owning Bergen Carbon security.