HAV Group (Norway) Market Value
| HAV Stock | NOK 7.30 1.50 25.86% |
| Symbol | HAV |
HAV 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 HAV 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 HAV Group.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in HAV Group on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding HAV Group ASA or generate 0.0% return on investment in HAV Group over 90 days. HAV Group is related to or competes with Napatech, Cloudberry Clean, River Tech, Jaeren Sparebank, Sparebank, Nidaros Sparebank, and Grieg Seafood. HAV Group ASA, through its subsidiaries, provides technology and services for maritime and marine industries worldwide More
HAV 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 HAV 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 HAV Group ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.1055 | |||
| Maximum Drawdown | 15.02 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 4.09 |
HAV Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HAV Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HAV Group's standard deviation. In reality, there are many statistical measures that can use HAV Group historical prices to predict the future HAV Group's volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.3755 | |||
| Total Risk Alpha | 0.8353 | |||
| Sortino Ratio | 0.1706 | |||
| Treynor Ratio | 0.6665 |
HAV Group ASA Backtested Returns
As of now, HAV Stock is slightly risky. HAV Group ASA holds Efficiency (Sharpe) Ratio of 0.0362, which attests that the company had a 0.0362 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for HAV Group ASA, which you can use to evaluate the volatility of the entity. Please check out HAV Group's market risk adjusted performance of 0.6765, and Semi Deviation of 2.09 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. HAV Group has a performance score of 2 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HAV Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding HAV Group is expected to be smaller as well. HAV Group ASA now retains a risk of 4.11%. Please check out HAV Group skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if HAV Group will be following its current trending patterns.
Auto-correlation | 0.49 |
Average predictability
HAV Group ASA has average predictability. Overlapping area represents the amount of predictability between HAV 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 HAV Group ASA price movement. The serial correlation of 0.49 indicates that about 49.0% of current HAV Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
HAV Group ASA lagged returns against current returns
Autocorrelation, which is HAV 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 HAV Group's stock expected returns. We can calculate the autocorrelation of HAV Group returns to help us make a trade decision. For example, suppose you find that HAV 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 |
HAV 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 HAV Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HAV Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HAV Group stock over time.
Current vs Lagged Prices |
| Timeline |
HAV Group Lagged Returns
When evaluating HAV Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HAV Group stock have on its future price. HAV 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, HAV Group autocorrelation shows the relationship between HAV Group stock current value and its past values and can show if there is a momentum factor associated with investing in HAV Group ASA.
Regressed Prices |
| Timeline |
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HAV Group financial ratios help investors to determine whether HAV 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 HAV with respect to the benefits of owning HAV Group security.