Helgeland Sparebank (Norway) Market Value
| HELG Stock | NOK 142.48 1.22 0.85% |
| Symbol | Helgeland |
Helgeland 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 Helgeland 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 Helgeland Sparebank.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Helgeland Sparebank on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Helgeland Sparebank or generate 0.0% return on investment in Helgeland Sparebank over 540 days. Helgeland Sparebank is related to or competes with Sparebank, Sparebank, Sparebanken Vest, and Sparebanken Mre. SpareBank 1 Helgeland provides various financial products and services to retail customers, small and medium enterprises... More
Helgeland 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 Helgeland 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 Helgeland Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0289 | |||
| Maximum Drawdown | 6.89 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.26 |
Helgeland Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helgeland Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helgeland Sparebank's standard deviation. In reality, there are many statistical measures that can use Helgeland Sparebank historical prices to predict the future Helgeland Sparebank's volatility.| Risk Adjusted Performance | 0.0942 | |||
| Jensen Alpha | 0.1752 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0298 | |||
| Treynor Ratio | (0.97) |
Helgeland Sparebank Backtested Returns
As of now, Helgeland Stock is very steady. Helgeland Sparebank holds Efficiency (Sharpe) Ratio of 0.0987, which attests that the entity had a 0.0987% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Helgeland Sparebank, which you can use to evaluate the volatility of the firm. Please check out Helgeland Sparebank's Downside Deviation of 1.38, risk adjusted performance of 0.0942, and Market Risk Adjusted Performance of (0.96) to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Helgeland Sparebank has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Helgeland Sparebank are expected to decrease at a much lower rate. During the bear market, Helgeland Sparebank is likely to outperform the market. Helgeland Sparebank right now retains a risk of 1.43%. Please check out Helgeland Sparebank standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Helgeland Sparebank will be following its current trending patterns.
Auto-correlation | 0.82 |
Very good predictability
Helgeland Sparebank has very good predictability. Overlapping area represents the amount of predictability between Helgeland Sparebank 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 Helgeland Sparebank price movement. The serial correlation of 0.82 indicates that around 82.0% of current Helgeland Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 46.3 |
Helgeland Sparebank lagged returns against current returns
Autocorrelation, which is Helgeland 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 Helgeland Sparebank's stock expected returns. We can calculate the autocorrelation of Helgeland Sparebank returns to help us make a trade decision. For example, suppose you find that Helgeland 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 |
Helgeland 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 Helgeland Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helgeland Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helgeland Sparebank stock over time.
Current vs Lagged Prices |
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Helgeland Sparebank Lagged Returns
When evaluating Helgeland Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helgeland Sparebank stock have on its future price. Helgeland 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, Helgeland Sparebank autocorrelation shows the relationship between Helgeland Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Helgeland Sparebank.
Regressed Prices |
| Timeline |
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Helgeland Sparebank financial ratios help investors to determine whether Helgeland 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 Helgeland with respect to the benefits of owning Helgeland Sparebank security.