Salmon Evolution (Norway) Market Value
| SALME Stock | NOK 6.68 0.06 0.91% |
| Symbol | Salmon |
Salmon Evolution '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 Salmon Evolution'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 Salmon Evolution.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Salmon Evolution on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Salmon Evolution Holding or generate 0.0% return on investment in Salmon Evolution over 720 days. Salmon Evolution is related to or competes with Sparebank, Polaris Media, Romsdal Sparebank, Kraft Bank, Odfjell Technology, SD Standard, and Instabank ASA. Salmon Evolution Holding AS operates as a land-based salmon farming company in Norway More
Salmon Evolution 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 Salmon Evolution'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 Salmon Evolution Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.56 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.09 |
Salmon Evolution Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salmon Evolution's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salmon Evolution's standard deviation. In reality, there are many statistical measures that can use Salmon Evolution historical prices to predict the future Salmon Evolution's volatility.| Risk Adjusted Performance | 0.0085 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Salmon Evolution's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Salmon Evolution Holding Backtested Returns
As of now, Salmon Stock is somewhat reliable. Salmon Evolution Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0416, which indicates the firm had a 0.0416% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Salmon Evolution Holding, which you can use to evaluate the volatility of the company. Please validate Salmon Evolution's Semi Deviation of 1.42, coefficient of variation of 21957.82, and Risk Adjusted Performance of 0.0085 to confirm if the risk estimate we provide is consistent with the expected return of 0.0627%. Salmon Evolution has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Salmon Evolution's returns are expected to increase less than the market. However, during the bear market, the loss of holding Salmon Evolution is expected to be smaller as well. Salmon Evolution Holding right now has a risk of 1.51%. Please validate Salmon Evolution treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Salmon Evolution will be following its existing price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Salmon Evolution Holding has weak reverse predictability. Overlapping area represents the amount of predictability between Salmon Evolution time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Salmon Evolution Holding price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Salmon Evolution price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Salmon Evolution Holding lagged returns against current returns
Autocorrelation, which is Salmon Evolution 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 Salmon Evolution's stock expected returns. We can calculate the autocorrelation of Salmon Evolution returns to help us make a trade decision. For example, suppose you find that Salmon Evolution 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 |
Salmon Evolution 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 Salmon Evolution stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salmon Evolution stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Salmon Evolution stock over time.
Current vs Lagged Prices |
| Timeline |
Salmon Evolution Lagged Returns
When evaluating Salmon Evolution's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salmon Evolution stock have on its future price. Salmon Evolution 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, Salmon Evolution autocorrelation shows the relationship between Salmon Evolution stock current value and its past values and can show if there is a momentum factor associated with investing in Salmon Evolution Holding.
Regressed Prices |
| Timeline |
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Salmon Evolution financial ratios help investors to determine whether Salmon 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 Salmon with respect to the benefits of owning Salmon Evolution security.