BW LPG (Norway) Market Value
| BWLPG Stock | NOK 133.90 2.30 1.69% |
| Symbol | BWLPG |
BW LPG '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 BW LPG'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 BW LPG.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in BW LPG on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding BW LPG or generate 0.0% return on investment in BW LPG over 30 days. BW LPG is related to or competes with Avance Gas, Frontline, FLEX LNG, Golden Ocean, and TORM Plc. BW LPG Limited, an investment holding company, engages in shipowning and chartering activities worldwide More
BW LPG 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 BW LPG'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 BW LPG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 11.49 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 3.24 |
BW LPG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BW LPG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BW LPG's standard deviation. In reality, there are many statistical measures that can use BW LPG historical prices to predict the future BW LPG's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 1.27 |
BW LPG Backtested Returns
BW LPG retains Efficiency (Sharpe Ratio) of -0.0901, which signifies that the company had a -0.0901% return per unit of price deviation over the last 3 months. BW LPG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BW LPG's Information Ratio of (0.17), variance of 5.15, and Market Risk Adjusted Performance of 1.28 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BW LPG are expected to decrease at a much lower rate. During the bear market, BW LPG is likely to outperform the market. At this point, BW LPG has a negative expected return of -0.2%. Please make sure to confirm BW LPG's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if BW LPG performance from the past will be repeated sooner or later.
Auto-correlation | -0.7 |
Very good reverse predictability
BW LPG has very good reverse predictability. Overlapping area represents the amount of predictability between BW LPG time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 BW LPG price movement. The serial correlation of -0.7 indicates that around 70.0% of current BW LPG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 37.84 |
BW LPG lagged returns against current returns
Autocorrelation, which is BW LPG 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 BW LPG's stock expected returns. We can calculate the autocorrelation of BW LPG returns to help us make a trade decision. For example, suppose you find that BW LPG 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 |
BW LPG 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 BW LPG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BW LPG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BW LPG stock over time.
Current vs Lagged Prices |
| Timeline |
BW LPG Lagged Returns
When evaluating BW LPG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BW LPG stock have on its future price. BW LPG 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, BW LPG autocorrelation shows the relationship between BW LPG stock current value and its past values and can show if there is a momentum factor associated with investing in BW LPG.
Regressed Prices |
| Timeline |
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BW LPG financial ratios help investors to determine whether BWLPG 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 BWLPG with respect to the benefits of owning BW LPG security.