EAM Solar (Norway) Market Value
| EAM Stock | NOK 0.16 0.01 5.88% |
| Symbol | EAM |
EAM Solar '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 EAM Solar'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 EAM Solar.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in EAM Solar on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding EAM Solar ASA or generate 0.0% return on investment in EAM Solar over 480 days. EAM Solar is related to or competes with Romerike Sparebank, Sunndal Sparebank, Xplora Technologies, Sparebank, Nidaros Sparebank, Jaeren Sparebank, and Aasen Sparebank. EAM Solar ASA acquires, owns, and operates solar power plants in Europe More
EAM Solar 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 EAM Solar'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 EAM Solar ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.06 | |||
| Information Ratio | 0.1224 | |||
| Maximum Drawdown | 749.23 | |||
| Value At Risk | (39.66) | |||
| Potential Upside | 66.67 |
EAM Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EAM Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EAM Solar's standard deviation. In reality, there are many statistical measures that can use EAM Solar historical prices to predict the future EAM Solar's volatility.| Risk Adjusted Performance | 0.0993 | |||
| Jensen Alpha | 10.47 | |||
| Total Risk Alpha | (3.10) | |||
| Sortino Ratio | 0.3762 | |||
| Treynor Ratio | 2.19 |
EAM Solar ASA Backtested Returns
EAM Solar is out of control given 3 months investment horizon. EAM Solar ASA secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 11.6% are justified by taking the suggested risk. Use EAM Solar Mean Deviation of 35.06, downside deviation of 29.06, and Semi Deviation of 22.96 to evaluate company specific risk that cannot be diversified away. EAM Solar holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 5.05, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, EAM Solar will likely underperform. Use EAM Solar total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to analyze future returns on EAM Solar.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
EAM Solar ASA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EAM Solar time series from 19th of August 2023 to 15th of April 2024 and 15th of April 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 EAM Solar ASA price movement. The serial correlation of -0.72 indicates that around 72.0% of current EAM Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 26.18 |
EAM Solar ASA lagged returns against current returns
Autocorrelation, which is EAM Solar 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 EAM Solar's stock expected returns. We can calculate the autocorrelation of EAM Solar returns to help us make a trade decision. For example, suppose you find that EAM Solar 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 |
EAM Solar 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 EAM Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EAM Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EAM Solar stock over time.
Current vs Lagged Prices |
| Timeline |
EAM Solar Lagged Returns
When evaluating EAM Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EAM Solar stock have on its future price. EAM Solar 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, EAM Solar autocorrelation shows the relationship between EAM Solar stock current value and its past values and can show if there is a momentum factor associated with investing in EAM Solar ASA.
Regressed Prices |
| Timeline |
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EAM Solar financial ratios help investors to determine whether EAM 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 EAM with respect to the benefits of owning EAM Solar security.