Reach Subsea (Norway) Market Value
| REACH Stock | NOK 7.48 0.24 3.11% |
| Symbol | Reach |
Reach Subsea '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 Reach Subsea'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 Reach Subsea.
| 01/19/2025 |
| 02/18/2025 |
If you would invest 0.00 in Reach Subsea on January 19, 2025 and sell it all today you would earn a total of 0.00 from holding Reach Subsea or generate 0.0% return on investment in Reach Subsea over 30 days. Reach Subsea is related to or competes with BW Offshore, Eidesvik Offshore, Solstad Offsho, and Odfjell Drilling. The company offers inspection, maintenance, and repair services and remotely operated vehicles, survey, and construction... More
Reach Subsea 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 Reach Subsea'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 Reach Subsea upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.3 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 3.38 |
Reach Subsea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reach Subsea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reach Subsea's standard deviation. In reality, there are many statistical measures that can use Reach Subsea historical prices to predict the future Reach Subsea's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.52) |
Reach Subsea Backtested Returns
Reach Subsea maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12 % return per unit of risk over the last 3 months. Reach Subsea exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reach Subsea's Coefficient Of Variation of (962.51), variance of 7.67, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Reach Subsea's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reach Subsea is expected to be smaller as well. At this point, Reach Subsea has a negative expected return of -0.3%. Please make sure to check Reach Subsea's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Reach Subsea performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Reach Subsea has very weak reverse predictability. Overlapping area represents the amount of predictability between Reach Subsea time series from 19th of January 2025 to 3rd of February 2025 and 3rd of February 2025 to 18th of February 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 Reach Subsea price movement. The serial correlation of -0.03 indicates that only 3.0% of current Reach Subsea price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Reach Subsea lagged returns against current returns
Autocorrelation, which is Reach Subsea 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 Reach Subsea's stock expected returns. We can calculate the autocorrelation of Reach Subsea returns to help us make a trade decision. For example, suppose you find that Reach Subsea 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 |
Reach Subsea 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 Reach Subsea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reach Subsea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reach Subsea stock over time.
Current vs Lagged Prices |
| Timeline |
Reach Subsea Lagged Returns
When evaluating Reach Subsea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reach Subsea stock have on its future price. Reach Subsea 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, Reach Subsea autocorrelation shows the relationship between Reach Subsea stock current value and its past values and can show if there is a momentum factor associated with investing in Reach Subsea.
Regressed Prices |
| Timeline |
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Reach Subsea financial ratios help investors to determine whether Reach 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 Reach with respect to the benefits of owning Reach Subsea security.