Byggma (Norway) Market Value

BMA Stock  NOK 16.30  1.20  6.86%   
Byggma's market value is the price at which a share of Byggma trades on a public exchange. It measures the collective expectations of Byggma investors about its performance. Byggma is selling for 16.30 as of the 15th of March 2025. This is a 6.86% down since the beginning of the trading day. The stock's lowest day price was 16.15.
With this module, you can estimate the performance of a buy and hold strategy of Byggma and determine expected loss or profit from investing in Byggma over a given investment horizon. Check out Byggma Correlation, Byggma Volatility and Byggma Alpha and Beta module to complement your research on Byggma.
Symbol

Please note, there is a significant difference between Byggma's value and its price as these two are different measures arrived at by different means. Investors typically determine if Byggma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Byggma's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Byggma '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 Byggma'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 Byggma.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in Byggma on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Byggma or generate 0.0% return on investment in Byggma over 90 days. Byggma is related to or competes with AF Gruppen, American Shipping, Arendals Fossekompani, Kid ASA, and Selvaag Bolig. Byggma ASA manufactures and supplies building materials to builders and retailers in the Nordic countries More

Byggma 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 Byggma'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 Byggma upside and downside potential and time the market with a certain degree of confidence.

Byggma Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Byggma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Byggma's standard deviation. In reality, there are many statistical measures that can use Byggma historical prices to predict the future Byggma's volatility.
Hype
Prediction
LowEstimatedHigh
13.0316.3019.57
Details
Intrinsic
Valuation
LowRealHigh
13.3716.6419.91
Details

Byggma Backtested Returns

As of now, Byggma Stock is not too volatile. Byggma secures Sharpe Ratio (or Efficiency) of 0.0285, which signifies that the company had a 0.0285 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Byggma, which you can use to evaluate the volatility of the firm. Please confirm Byggma's mean deviation of 2.46, and Risk Adjusted Performance of 0.0456 to double-check if the risk estimate we provide is consistent with the expected return of 0.093%. Byggma has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Byggma are expected to decrease at a much lower rate. During the bear market, Byggma is likely to outperform the market. Byggma right now shows a risk of 3.27%. Please confirm Byggma total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Byggma will be following its price patterns.

Auto-correlation

    
  0.13  

Insignificant predictability

Byggma has insignificant predictability. Overlapping area represents the amount of predictability between Byggma time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Byggma price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Byggma price fluctuation can be explain by its past prices.
Correlation Coefficient0.13
Spearman Rank Test0.06
Residual Average0.0
Price Variance0.34

Byggma lagged returns against current returns

Autocorrelation, which is Byggma 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 Byggma's stock expected returns. We can calculate the autocorrelation of Byggma returns to help us make a trade decision. For example, suppose you find that Byggma 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  

Byggma 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 Byggma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Byggma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Byggma stock over time.
   Current vs Lagged Prices   
       Timeline  

Byggma Lagged Returns

When evaluating Byggma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Byggma stock have on its future price. Byggma 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, Byggma autocorrelation shows the relationship between Byggma stock current value and its past values and can show if there is a momentum factor associated with investing in Byggma.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Byggma Stock

Byggma financial ratios help investors to determine whether Byggma 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 Byggma with respect to the benefits of owning Byggma security.