Elmera Group (Norway) Market Value
| ELMRA Stock | 33.95 0.10 0.30% |
| Symbol | Elmera |
Elmera Group '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 Elmera Group'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 Elmera Group.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Elmera Group on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Elmera Group ASA or generate 0.0% return on investment in Elmera Group over 90 days. Elmera Group is related to or competes with Odfjell Technology, Kraft Bank, SpareBank, Romerike Sparebank, Aurskog Sparebank, BW Offshore, and Skue Sparebank. More
Elmera Group 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 Elmera Group'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 Elmera Group ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.32 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.82 |
Elmera Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elmera Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elmera Group's standard deviation. In reality, there are many statistical measures that can use Elmera Group historical prices to predict the future Elmera Group's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | 0.1925 | |||
| Treynor Ratio | 0.746 |
Elmera Group ASA Backtested Returns
Elmera Group ASA secures Sharpe Ratio (or Efficiency) of -0.0519, which denotes the company had a -0.0519 % return per unit of risk over the last 3 months. Elmera Group ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elmera Group's Mean Deviation of 1.49, standard deviation of 2.97, and Variance of 8.8 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elmera Group are expected to decrease at a much lower rate. During the bear market, Elmera Group is likely to outperform the market. At this point, Elmera Group ASA has a negative expected return of -0.16%. Please make sure to confirm Elmera Group's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Elmera Group ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Elmera Group ASA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Elmera Group time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Elmera Group ASA price movement. The serial correlation of -0.19 indicates that over 19.0% of current Elmera Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.84 |
Elmera Group ASA lagged returns against current returns
Autocorrelation, which is Elmera Group 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 Elmera Group's stock expected returns. We can calculate the autocorrelation of Elmera Group returns to help us make a trade decision. For example, suppose you find that Elmera Group 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 |
Elmera Group 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 Elmera Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elmera Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elmera Group stock over time.
Current vs Lagged Prices |
| Timeline |
Elmera Group Lagged Returns
When evaluating Elmera Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elmera Group stock have on its future price. Elmera Group 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, Elmera Group autocorrelation shows the relationship between Elmera Group stock current value and its past values and can show if there is a momentum factor associated with investing in Elmera Group ASA.
Regressed Prices |
| Timeline |
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Elmera Group financial ratios help investors to determine whether Elmera 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 Elmera with respect to the benefits of owning Elmera Group security.