Magnora ASA (Norway) Market Value
| MGN Stock | 25.05 0.25 1.01% |
| Symbol | Magnora |
Magnora ASA '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 Magnora ASA'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 Magnora ASA.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Magnora ASA on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Magnora ASA or generate 0.0% return on investment in Magnora ASA over 360 days. Magnora ASA is related to or competes with Alternus Energy, Elkem ASA, Integrated Wind, Vow ASA, North Energy, Arcticzymes Technologies, and XXL ASA. More
Magnora ASA 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 Magnora ASA'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 Magnora ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.78 |
Magnora ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magnora ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magnora ASA's standard deviation. In reality, there are many statistical measures that can use Magnora ASA historical prices to predict the future Magnora ASA's volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | 0.0333 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2057 |
Magnora ASA Backtested Returns
As of now, Magnora Stock is very steady. Magnora ASA has Sharpe Ratio of 0.0746, which conveys that the firm had a 0.0746% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Magnora ASA, which you can use to evaluate the volatility of the firm. Please verify Magnora ASA's Mean Deviation of 1.51, downside deviation of 1.99, and Risk Adjusted Performance of 0.0431 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Magnora ASA has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Magnora ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magnora ASA is expected to be smaller as well. Magnora ASA right now secures a risk of 1.98%. Please verify Magnora ASA standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Magnora ASA will be following its current price movements.
Auto-correlation | -0.32 |
Poor reverse predictability
Magnora ASA has poor reverse predictability. Overlapping area represents the amount of predictability between Magnora ASA time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Magnora ASA price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Magnora ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.01 |
Magnora ASA lagged returns against current returns
Autocorrelation, which is Magnora ASA 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 Magnora ASA's stock expected returns. We can calculate the autocorrelation of Magnora ASA returns to help us make a trade decision. For example, suppose you find that Magnora ASA 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 |
Magnora ASA 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 Magnora ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magnora ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magnora ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Magnora ASA Lagged Returns
When evaluating Magnora ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magnora ASA stock have on its future price. Magnora ASA 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, Magnora ASA autocorrelation shows the relationship between Magnora ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Magnora ASA.
Regressed Prices |
| Timeline |
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Magnora ASA financial ratios help investors to determine whether Magnora 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 Magnora with respect to the benefits of owning Magnora ASA security.