Gjensidige Forsikring Asa Stock Market Value
GJNSF Stock | USD 17.52 0.00 0.00% |
Symbol | Gjensidige |
Gjensidige Forsikring '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 Gjensidige Forsikring's otc 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 Gjensidige Forsikring.
01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Gjensidige Forsikring on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Gjensidige Forsikring ASA or generate 0.0% return on investment in Gjensidige Forsikring over 30 days. Gjensidige Forsikring is related to or competes with Argo Group, Horace Mann, ProAssurance, Kemper, and Selective Insurance. Gjensidige Forsikring ASA provides general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania,... More
Gjensidige Forsikring 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 Gjensidige Forsikring's otc 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 Gjensidige Forsikring ASA upside and downside potential and time the market with a certain degree of confidence.
Gjensidige Forsikring Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gjensidige Forsikring's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gjensidige Forsikring's standard deviation. In reality, there are many statistical measures that can use Gjensidige Forsikring historical prices to predict the future Gjensidige Forsikring's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gjensidige Forsikring'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.
Gjensidige Forsikring ASA Backtested Returns
We have found three technical indicators for Gjensidige Forsikring ASA, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Gjensidige Forsikring are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Gjensidige Forsikring ASA has no correlation between past and present. Overlapping area represents the amount of predictability between Gjensidige Forsikring time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 Gjensidige Forsikring ASA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Gjensidige Forsikring price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.0 | |
Spearman Rank Test | 1.0 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Gjensidige Forsikring ASA lagged returns against current returns
Autocorrelation, which is Gjensidige Forsikring otc 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 Gjensidige Forsikring's otc stock expected returns. We can calculate the autocorrelation of Gjensidige Forsikring returns to help us make a trade decision. For example, suppose you find that Gjensidige Forsikring has exhibited high autocorrelation historically, and you observe that the otc 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 |
Gjensidige Forsikring 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 Gjensidige Forsikring otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gjensidige Forsikring otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gjensidige Forsikring otc stock over time.
Current vs Lagged Prices |
Timeline |
Gjensidige Forsikring Lagged Returns
When evaluating Gjensidige Forsikring's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gjensidige Forsikring otc stock have on its future price. Gjensidige Forsikring 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, Gjensidige Forsikring autocorrelation shows the relationship between Gjensidige Forsikring otc stock current value and its past values and can show if there is a momentum factor associated with investing in Gjensidige Forsikring ASA.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gjensidige OTC Stock
Gjensidige Forsikring financial ratios help investors to determine whether Gjensidige OTC 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 Gjensidige with respect to the benefits of owning Gjensidige Forsikring security.