Saga Pure (Norway) Market Value
| SAGA Stock | NOK 1.21 0.01 0.82% |
| Symbol | Saga |
Saga Pure '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 Saga Pure'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 Saga Pure.
| 11/29/2024 |
| 02/27/2025 |
If you would invest 0.00 in Saga Pure on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding Saga Pure ASA or generate 0.0% return on investment in Saga Pure over 90 days. Saga Pure is related to or competes with Aker Horizons, REC Silicon, Kongsberg Automotive, and Aker Carbon. Saga Tankers ASA engages in the investment and management activities related to shipping, rig, real estate, stock tradin... More
Saga Pure 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 Saga Pure'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 Saga Pure ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.8197 |
Saga Pure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saga Pure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saga Pure's standard deviation. In reality, there are many statistical measures that can use Saga Pure historical prices to predict the future Saga Pure's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.489 |
Saga Pure ASA Backtested Returns
Saga Pure ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11 % return per unit of risk over the last 3 months. Saga Pure ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saga Pure's Variance of 0.5658, coefficient of variation of (1,463), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Saga Pure are expected to decrease at a much lower rate. During the bear market, Saga Pure is likely to outperform the market. At this point, Saga Pure ASA has a negative expected return of -0.0794%. Please make sure to validate Saga Pure's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Saga Pure ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Saga Pure ASA has virtually no predictability. Overlapping area represents the amount of predictability between Saga Pure time series from 29th of November 2024 to 13th of January 2025 and 13th of January 2025 to 27th 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 Saga Pure ASA price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Saga Pure price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Saga Pure ASA lagged returns against current returns
Autocorrelation, which is Saga Pure 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 Saga Pure's stock expected returns. We can calculate the autocorrelation of Saga Pure returns to help us make a trade decision. For example, suppose you find that Saga Pure 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 |
Saga Pure 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 Saga Pure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saga Pure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saga Pure stock over time.
Current vs Lagged Prices |
| Timeline |
Saga Pure Lagged Returns
When evaluating Saga Pure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saga Pure stock have on its future price. Saga Pure 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, Saga Pure autocorrelation shows the relationship between Saga Pure stock current value and its past values and can show if there is a momentum factor associated with investing in Saga Pure ASA.
Regressed Prices |
| Timeline |
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Saga Pure financial ratios help investors to determine whether Saga 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 Saga with respect to the benefits of owning Saga Pure security.