Bouvet (Norway) Market Value
| BOUV Stock | NOK 71.20 0.50 0.70% |
| Symbol | Bouvet |
Bouvet '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 Bouvet'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 Bouvet.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bouvet on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bouvet or generate 0.0% return on investment in Bouvet over 30 days. Bouvet is related to or competes with AF Gruppen, Kitron ASA, Atea ASA, Borregaard ASA, and Europris ASA. Bouvet ASA provides information technology, digital communication, and enterprise management services in Norway, Sweden,... More
Bouvet 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 Bouvet'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 Bouvet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.37 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.67 |
Bouvet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bouvet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bouvet's standard deviation. In reality, there are many statistical measures that can use Bouvet historical prices to predict the future Bouvet's volatility.| Risk Adjusted Performance | 0.0301 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1649 |
Bouvet Backtested Returns
As of now, Bouvet Stock is very steady. Bouvet secures Sharpe Ratio (or Efficiency) of 0.029, which signifies that the company had a 0.029% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bouvet, which you can use to evaluate the volatility of the firm. Please confirm Bouvet's Risk Adjusted Performance of 0.0301, downside deviation of 1.25, and Mean Deviation of 0.9679 to double-check if the risk estimate we provide is consistent with the expected return of 0.0377%. Bouvet has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bouvet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bouvet is expected to be smaller as well. Bouvet right now shows a risk of 1.3%. Please confirm Bouvet treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Bouvet will be following its price patterns.
Auto-correlation | -0.65 |
Very good reverse predictability
Bouvet has very good reverse predictability. Overlapping area represents the amount of predictability between Bouvet time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Bouvet price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Bouvet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Bouvet lagged returns against current returns
Autocorrelation, which is Bouvet 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 Bouvet's stock expected returns. We can calculate the autocorrelation of Bouvet returns to help us make a trade decision. For example, suppose you find that Bouvet 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 |
Bouvet 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 Bouvet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bouvet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bouvet stock over time.
Current vs Lagged Prices |
| Timeline |
Bouvet Lagged Returns
When evaluating Bouvet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bouvet stock have on its future price. Bouvet 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, Bouvet autocorrelation shows the relationship between Bouvet stock current value and its past values and can show if there is a momentum factor associated with investing in Bouvet.
Regressed Prices |
| Timeline |
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Bouvet financial ratios help investors to determine whether Bouvet 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 Bouvet with respect to the benefits of owning Bouvet security.