HAV Group (Norway) Market Value
| HAV Stock | NOK 6.26 0.04 0.63% |
| 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.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in HAV Group on June 8, 2023 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 540 days. HAV Group is related to or competes with Awilco Drilling, Austevoll Seafood, NorAm Drilling, Odfjell Technology, Nordic Mining, and Xplora Technologies. 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.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 22.93 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 2.11 |
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 | (0.14) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | 1.27 |
HAV Group ASA Backtested Returns
HAV Group ASA holds Efficiency (Sharpe) Ratio of -0.17, which attests that the company had a -0.17% return per unit of volatility over the last 3 months. HAV Group ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HAV Group's market risk adjusted performance of 1.28, and Coefficient Of Variation of (525.12) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HAV Group are expected to decrease at a much lower rate. During the bear market, HAV Group is likely to outperform the market. At this point, HAV Group ASA has a negative expected return of -0.47%. Please make sure to check out HAV Group's skewness, as well as the relationship between the daily balance of power and day typical price , to decide if HAV Group ASA performance from the past will be repeated in the future.
Auto-correlation | -0.52 |
Good reverse predictability
HAV Group ASA has good reverse predictability. Overlapping area represents the amount of predictability between HAV Group time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 HAV Group ASA price movement. The serial correlation of -0.52 indicates that about 52.0% of current HAV Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
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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Try AI Portfolio ArchitectOther Information on Investing in HAV Stock
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.