Cambi ASA (Norway) Market Value
| CAMBI Stock | NOK 14.60 0.20 1.39% |
| Symbol | Cambi |
Cambi ASA '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 Cambi ASA'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 Cambi ASA.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Cambi ASA on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Cambi ASA or generate 0.0% return on investment in Cambi ASA over 30 days. Cambi ASA is related to or competes with Aker Horizons, Hexagon Purus, Huddly AS, Everfuel, and Agilyx AS. Cambi ASA provides thermal hydrolysis, advanced anaerobic digestion, and biogas solutions for sewage sludge and organic ... More
Cambi ASA 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 Cambi ASA'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 Cambi ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.2 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 4.17 |
Cambi ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambi ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambi ASA's standard deviation. In reality, there are many statistical measures that can use Cambi ASA historical prices to predict the future Cambi ASA's volatility.| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | 0.0568 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 2.89 |
Cambi ASA Backtested Returns
As of now, Cambi Stock is not too volatile. Cambi ASA secures Sharpe Ratio (or Efficiency) of 0.0229, which signifies that the company had a 0.0229% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cambi ASA, which you can use to evaluate the volatility of the firm. Please confirm Cambi ASA's Downside Deviation of 2.6, mean deviation of 1.81, and Risk Adjusted Performance of 0.0285 to double-check if the risk estimate we provide is consistent with the expected return of 0.0533%. Cambi ASA has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0205, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cambi ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cambi ASA is expected to be smaller as well. Cambi ASA right now shows a risk of 2.33%. Please confirm Cambi ASA jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Cambi ASA will be following its price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Cambi ASA has poor reverse predictability. Overlapping area represents the amount of predictability between Cambi ASA time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Cambi ASA price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Cambi ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Cambi ASA lagged returns against current returns
Autocorrelation, which is Cambi ASA 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 Cambi ASA's stock expected returns. We can calculate the autocorrelation of Cambi ASA returns to help us make a trade decision. For example, suppose you find that Cambi ASA 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 |
Cambi ASA 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 Cambi ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambi ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambi ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Cambi ASA Lagged Returns
When evaluating Cambi ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambi ASA stock have on its future price. Cambi ASA 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, Cambi ASA autocorrelation shows the relationship between Cambi ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Cambi ASA.
Regressed Prices |
| Timeline |
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Cambi ASA financial ratios help investors to determine whether Cambi 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 Cambi with respect to the benefits of owning Cambi ASA security.