Hofseth Biocare (Norway) Market Value
| HBC Stock | NOK 2.20 0.11 5.26% |
| Symbol | Hofseth |
Hofseth Biocare '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 Hofseth Biocare'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 Hofseth Biocare.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Hofseth Biocare on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hofseth Biocare ASA or generate 0.0% return on investment in Hofseth Biocare over 90 days. Hofseth Biocare is related to or competes with PCI Biotech, Bergenbio ASA, Navamedic ASA, and Grieg Seafood. Hofseth BioCare ASA, a biotech company, offers value added biomarine ingredients and finished products for human consump... More
Hofseth Biocare 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 Hofseth Biocare'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 Hofseth Biocare ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.93 | |||
| Information Ratio | 0.1559 | |||
| Maximum Drawdown | 46.04 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 14.22 |
Hofseth Biocare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hofseth Biocare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hofseth Biocare's standard deviation. In reality, there are many statistical measures that can use Hofseth Biocare historical prices to predict the future Hofseth Biocare's volatility.| Risk Adjusted Performance | 0.1332 | |||
| Jensen Alpha | 1.17 | |||
| Total Risk Alpha | 2.02 | |||
| Sortino Ratio | 0.1699 | |||
| Treynor Ratio | 1.13 |
Hofseth Biocare ASA Backtested Returns
Hofseth Biocare appears to be dangerous, given 3 months investment horizon. Hofseth Biocare ASA holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12 % return per unit of risk over the last 3 months. By evaluating Hofseth Biocare's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please utilize Hofseth Biocare's Market Risk Adjusted Performance of 1.14, risk adjusted performance of 0.1332, and Downside Deviation of 6.93 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hofseth Biocare holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.94, which attests to possible diversification benefits within a given portfolio. Hofseth Biocare returns are very sensitive to returns on the market. As the market goes up or down, Hofseth Biocare is expected to follow. Please check Hofseth Biocare's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Hofseth Biocare's current trending patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Hofseth Biocare ASA has very good reverse predictability. Overlapping area represents the amount of predictability between Hofseth Biocare 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 Hofseth Biocare ASA price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Hofseth Biocare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Hofseth Biocare ASA lagged returns against current returns
Autocorrelation, which is Hofseth Biocare 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 Hofseth Biocare's stock expected returns. We can calculate the autocorrelation of Hofseth Biocare returns to help us make a trade decision. For example, suppose you find that Hofseth Biocare 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 |
Hofseth Biocare 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 Hofseth Biocare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hofseth Biocare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hofseth Biocare stock over time.
Current vs Lagged Prices |
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Hofseth Biocare Lagged Returns
When evaluating Hofseth Biocare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hofseth Biocare stock have on its future price. Hofseth Biocare 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, Hofseth Biocare autocorrelation shows the relationship between Hofseth Biocare stock current value and its past values and can show if there is a momentum factor associated with investing in Hofseth Biocare ASA.
Regressed Prices |
| Timeline |
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Hofseth Biocare financial ratios help investors to determine whether Hofseth 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 Hofseth with respect to the benefits of owning Hofseth Biocare security.