Elliptic Laboratories (Norway) Market Value
| ELABS Stock | NOK 9.35 0.63 6.31% |
| Symbol | Elliptic |
Elliptic Laboratories '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 Elliptic Laboratories' 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 Elliptic Laboratories.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Elliptic Laboratories on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Elliptic Laboratories AS or generate 0.0% return on investment in Elliptic Laboratories over 30 days. Elliptic Laboratories is related to or competes with Polight ASA, ExpreS2ion Biotech, and Kongsberg Automotive. Elliptic Laboratories AS provides software-based artificial intelligence virtual smart sensors in Norway, China, South K... More
Elliptic Laboratories 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 Elliptic Laboratories' 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 Elliptic Laboratories AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.0495 | |||
| Maximum Drawdown | 17.54 | |||
| Value At Risk | (5.91) | |||
| Potential Upside | 6.96 |
Elliptic Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elliptic Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elliptic Laboratories' standard deviation. In reality, there are many statistical measures that can use Elliptic Laboratories historical prices to predict the future Elliptic Laboratories' volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.1654 | |||
| Total Risk Alpha | 0.1948 | |||
| Sortino Ratio | 0.0506 | |||
| Treynor Ratio | 1.16 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elliptic Laboratories' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Elliptic Laboratories Backtested Returns
As of now, Elliptic Stock is slightly risky. Elliptic Laboratories secures Sharpe Ratio (or Efficiency) of 0.0288, which denotes the company had a 0.0288 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Elliptic Laboratories AS, which you can use to evaluate the volatility of the firm. Please confirm Elliptic Laboratories' Mean Deviation of 2.57, downside deviation of 3.37, and Coefficient Of Variation of 1977.36 to check if the risk estimate we provide is consistent with the expected return of 0.1%. Elliptic Laboratories has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Elliptic Laboratories' returns are expected to increase less than the market. However, during the bear market, the loss of holding Elliptic Laboratories is expected to be smaller as well. Elliptic Laboratories right now shows a risk of 3.54%. Please confirm Elliptic Laboratories downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Elliptic Laboratories will be following its price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Elliptic Laboratories AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Elliptic Laboratories time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Elliptic Laboratories price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Elliptic Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Elliptic Laboratories lagged returns against current returns
Autocorrelation, which is Elliptic Laboratories 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 Elliptic Laboratories' stock expected returns. We can calculate the autocorrelation of Elliptic Laboratories returns to help us make a trade decision. For example, suppose you find that Elliptic Laboratories 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 |
Elliptic Laboratories 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 Elliptic Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elliptic Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elliptic Laboratories stock over time.
Current vs Lagged Prices |
| Timeline |
Elliptic Laboratories Lagged Returns
When evaluating Elliptic Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elliptic Laboratories stock have on its future price. Elliptic Laboratories 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, Elliptic Laboratories autocorrelation shows the relationship between Elliptic Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in Elliptic Laboratories AS.
Regressed Prices |
| Timeline |
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Elliptic Laboratories financial ratios help investors to determine whether Elliptic 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 Elliptic with respect to the benefits of owning Elliptic Laboratories security.