Grong Sparebank (Norway) Market Value
| GRONG Stock | NOK 154.80 0.20 0.13% |
| Symbol | Grong |
Grong Sparebank '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 Grong Sparebank'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 Grong Sparebank.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Grong Sparebank on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Grong Sparebank or generate 0.0% return on investment in Grong Sparebank over 90 days. Grong Sparebank is related to or competes with Instabank ASA, Skue Sparebank, Nordic Mining, Lery Seafood, Napatech, and Nidaros Sparebank. Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway More
Grong Sparebank 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 Grong Sparebank'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 Grong Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8733 | |||
| Information Ratio | 0.186 | |||
| Maximum Drawdown | 4.52 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.59 |
Grong Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grong Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grong Sparebank's standard deviation. In reality, there are many statistical measures that can use Grong Sparebank historical prices to predict the future Grong Sparebank's volatility.| Risk Adjusted Performance | 0.0542 | |||
| Jensen Alpha | 0.0276 | |||
| Total Risk Alpha | 0.1419 | |||
| Sortino Ratio | 0.1717 | |||
| Treynor Ratio | (0.33) |
Grong Sparebank Backtested Returns
As of now, Grong Stock is very steady. Grong Sparebank holds Efficiency (Sharpe) Ratio of 0.068, which attests that the entity had a 0.068 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Grong Sparebank, which you can use to evaluate the volatility of the firm. Please check out Grong Sparebank's Risk Adjusted Performance of 0.0542, market risk adjusted performance of (0.32), and Downside Deviation of 0.8733 to validate if the risk estimate we provide is consistent with the expected return of 0.0558%. Grong Sparebank has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Grong Sparebank are expected to decrease at a much lower rate. During the bear market, Grong Sparebank is likely to outperform the market. Grong Sparebank right now retains a risk of 0.82%. Please check out Grong Sparebank downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Grong Sparebank will be following its current trending patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Grong Sparebank has insignificant predictability. Overlapping area represents the amount of predictability between Grong Sparebank time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Grong Sparebank price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Grong Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 4.54 |
Grong Sparebank lagged returns against current returns
Autocorrelation, which is Grong Sparebank 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 Grong Sparebank's stock expected returns. We can calculate the autocorrelation of Grong Sparebank returns to help us make a trade decision. For example, suppose you find that Grong Sparebank 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 |
Grong Sparebank 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 Grong Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grong Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grong Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Grong Sparebank Lagged Returns
When evaluating Grong Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grong Sparebank stock have on its future price. Grong Sparebank 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, Grong Sparebank autocorrelation shows the relationship between Grong Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Grong Sparebank.
Regressed Prices |
| Timeline |
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Grong Sparebank financial ratios help investors to determine whether Grong 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 Grong with respect to the benefits of owning Grong Sparebank security.