Edda Wind (Norway) Market Value
| EWIND Stock | 19.50 0.25 1.27% |
| Symbol | Edda |
Edda Wind '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 Edda Wind'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 Edda Wind.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Edda Wind on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Edda Wind ASA or generate 0.0% return on investment in Edda Wind over 360 days. Edda Wind is related to or competes with Clean Seas, Sparebanken Ost, Grieg Seafood, Sogn Sparebank, Sunndal Sparebank, and Grong Sparebank. More
Edda Wind 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 Edda Wind'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 Edda Wind ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.17 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.64 |
Edda Wind Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edda Wind's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edda Wind's standard deviation. In reality, there are many statistical measures that can use Edda Wind historical prices to predict the future Edda Wind's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (1.70) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Edda Wind's 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.
Edda Wind ASA Backtested Returns
Edda Wind ASA secures Sharpe Ratio (or Efficiency) of -0.0019, which denotes the company had a -0.0019% return per unit of standard deviation over the last 3 months. Edda Wind ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edda Wind's Standard Deviation of 2.34, mean deviation of 1.74, and Coefficient Of Variation of (5,635) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0303, which means not very significant fluctuations relative to the market. As returns on the market increase, Edda Wind's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edda Wind is expected to be smaller as well. At this point, Edda Wind ASA has a negative expected return of -0.0045%. Please make sure to confirm Edda Wind's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Edda Wind ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Edda Wind ASA has weak predictability. Overlapping area represents the amount of predictability between Edda Wind time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Edda Wind ASA price movement. The serial correlation of 0.22 indicates that over 22.0% of current Edda Wind price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
Edda Wind ASA lagged returns against current returns
Autocorrelation, which is Edda Wind 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 Edda Wind's stock expected returns. We can calculate the autocorrelation of Edda Wind returns to help us make a trade decision. For example, suppose you find that Edda Wind 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 |
Edda Wind 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 Edda Wind stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edda Wind stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edda Wind stock over time.
Current vs Lagged Prices |
| Timeline |
Edda Wind Lagged Returns
When evaluating Edda Wind's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edda Wind stock have on its future price. Edda Wind 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, Edda Wind autocorrelation shows the relationship between Edda Wind stock current value and its past values and can show if there is a momentum factor associated with investing in Edda Wind ASA.
Regressed Prices |
| Timeline |
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Edda Wind financial ratios help investors to determine whether Edda 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 Edda with respect to the benefits of owning Edda Wind security.