Romsdal Sparebank (Norway) Market Value
| ROMSB Stock | NOK 127.00 0.10 0.08% |
| Symbol | Romsdal |
Romsdal 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 Romsdal 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 Romsdal Sparebank.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Romsdal Sparebank on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Romsdal Sparebank or generate 0.0% return on investment in Romsdal Sparebank over 90 days. Romsdal Sparebank is related to or competes with Instabank ASA, Kraft Bank, Romerike Sparebank, Nidaros Sparebank, Eidesvik Offshore, Polaris Media, and Odfjell Technology. Romsdal Sparebank operates as a savings bank that provides various financial products and services to retail and corpora... More
Romsdal 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 Romsdal 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 Romsdal Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.1376 | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.83 |
Romsdal Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Romsdal Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Romsdal Sparebank's standard deviation. In reality, there are many statistical measures that can use Romsdal Sparebank historical prices to predict the future Romsdal Sparebank's volatility.| Risk Adjusted Performance | 0.0369 | |||
| Jensen Alpha | 0.0239 | |||
| Total Risk Alpha | 0.1597 | |||
| Sortino Ratio | 0.0825 | |||
| Treynor Ratio | (0.45) |
Romsdal Sparebank Backtested Returns
As of now, Romsdal Stock is very steady. Romsdal Sparebank maintains Sharpe Ratio (i.e., Efficiency) of 0.0615, which implies the firm had a 0.0615 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Romsdal Sparebank, which you can use to evaluate the volatility of the company. Please check Romsdal Sparebank's Semi Deviation of 0.7726, coefficient of variation of 2456.39, and Risk Adjusted Performance of 0.0369 to confirm if the risk estimate we provide is consistent with the expected return of 0.0607%. Romsdal Sparebank has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of -0.0706, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Romsdal Sparebank are expected to decrease at a much lower rate. During the bear market, Romsdal Sparebank is likely to outperform the market. Romsdal Sparebank right now holds a risk of 0.99%. Please check Romsdal Sparebank treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Romsdal Sparebank will be following its historical price patterns.
Auto-correlation | 0.21 |
Weak predictability
Romsdal Sparebank has weak predictability. Overlapping area represents the amount of predictability between Romsdal Sparebank 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 Romsdal Sparebank price movement. The serial correlation of 0.21 indicates that over 21.0% of current Romsdal Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 2.46 |
Romsdal Sparebank lagged returns against current returns
Autocorrelation, which is Romsdal 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 Romsdal Sparebank's stock expected returns. We can calculate the autocorrelation of Romsdal Sparebank returns to help us make a trade decision. For example, suppose you find that Romsdal 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 |
Romsdal 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 Romsdal Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Romsdal Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Romsdal Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Romsdal Sparebank Lagged Returns
When evaluating Romsdal Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Romsdal Sparebank stock have on its future price. Romsdal 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, Romsdal Sparebank autocorrelation shows the relationship between Romsdal Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Romsdal Sparebank.
Regressed Prices |
| Timeline |
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Romsdal Sparebank financial ratios help investors to determine whether Romsdal 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 Romsdal with respect to the benefits of owning Romsdal Sparebank security.