Mowi ASA (Germany) Market Value
| PND Stock | EUR 16.89 0.10 0.59% |
| Symbol | Mowi |
Mowi 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 Mowi 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 Mowi ASA.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Mowi ASA on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Mowi ASA or generate 0.0% return on investment in Mowi ASA over 30 days. Mowi ASA is related to or competes with SalMar ASA, PF Bakkafrost, and Tencent Holdings. Mowi ASA, a seafood company, produces and supplies farmed salmon products worldwide More
Mowi 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 Mowi 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 Mowi ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.0907 | |||
| Maximum Drawdown | 15.04 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.98 |
Mowi ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mowi ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mowi ASA's standard deviation. In reality, there are many statistical measures that can use Mowi ASA historical prices to predict the future Mowi ASA's volatility.| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | 0.3168 | |||
| Total Risk Alpha | 0.0019 | |||
| Sortino Ratio | 0.1377 | |||
| Treynor Ratio | (3.95) |
Mowi ASA Backtested Returns
Mowi ASA appears to be not too volatile, given 3 months investment horizon. Mowi ASA has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mowi ASA, which you can use to evaluate the volatility of the firm. Please exercise Mowi ASA's Downside Deviation of 1.49, risk adjusted performance of 0.114, and Mean Deviation of 1.42 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mowi ASA holds a performance score of 10. The company secures a Beta (Market Risk) of -0.0781, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mowi ASA are expected to decrease at a much lower rate. During the bear market, Mowi ASA is likely to outperform the market. Please check Mowi ASA's maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to make a quick decision on whether Mowi ASA's current price movements will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Mowi ASA has good reverse predictability. Overlapping area represents the amount of predictability between Mowi ASA time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Mowi ASA price movement. The serial correlation of -0.53 indicates that about 53.0% of current Mowi ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Mowi ASA lagged returns against current returns
Autocorrelation, which is Mowi 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 Mowi ASA's stock expected returns. We can calculate the autocorrelation of Mowi ASA returns to help us make a trade decision. For example, suppose you find that Mowi 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 |
Mowi 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 Mowi ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mowi ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mowi ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Mowi ASA Lagged Returns
When evaluating Mowi ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mowi ASA stock have on its future price. Mowi 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, Mowi ASA autocorrelation shows the relationship between Mowi ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Mowi ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mowi Stock
Mowi ASA financial ratios help investors to determine whether Mowi 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 Mowi with respect to the benefits of owning Mowi ASA security.