Byggma (Norway) Market Value
| BMA Stock | NOK 16.30 1.20 6.86% |
| Symbol | Byggma |
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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Byggma on December 16, 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.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.0744 | |||
| Maximum Drawdown | 17.4 | |||
| Value At Risk | (4.83) | |||
| Potential Upside | 4.94 |
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.| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | 0.1186 | |||
| Total Risk Alpha | 0.5403 | |||
| Sortino Ratio | 0.0746 | |||
| Treynor Ratio | (1.01) |
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 | 0.06 |
Virtually no predictability
Byggma has virtually no predictability. Overlapping area represents the amount of predictability between Byggma 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 Byggma price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Byggma price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
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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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.