SeaBird Exploration (Norway) Market Value
| SBX Stock | NOK 5.82 0.09 1.57% |
| Symbol | SeaBird |
SeaBird Exploration '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 SeaBird Exploration'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 SeaBird Exploration.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in SeaBird Exploration on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding SeaBird Exploration Plc or generate 0.0% return on investment in SeaBird Exploration over 30 days. SeaBird Exploration is related to or competes with Aker ASA, Subsea 7, TGS NOPEC, BW Offshore, and Solstad Offsho. SeaBird Exploration Plc, through its subsidiaries, provides marine 2D and 3D seismic data for the oil and gas industry i... More
SeaBird Exploration 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 SeaBird Exploration'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 SeaBird Exploration Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.075 | |||
| Maximum Drawdown | 6.92 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 2.1 |
SeaBird Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SeaBird Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SeaBird Exploration's standard deviation. In reality, there are many statistical measures that can use SeaBird Exploration historical prices to predict the future SeaBird Exploration's volatility.| Risk Adjusted Performance | 0.1196 | |||
| Jensen Alpha | 0.197 | |||
| Total Risk Alpha | 0.0123 | |||
| Sortino Ratio | 0.0782 | |||
| Treynor Ratio | 1.15 |
SeaBird Exploration Plc Backtested Returns
SeaBird Exploration appears to be not too volatile, given 3 months investment horizon. SeaBird Exploration Plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. We have found thirty technical indicators for SeaBird Exploration Plc, which you can use to evaluate the volatility of the company. Please review SeaBird Exploration's Risk Adjusted Performance of 0.1196, semi deviation of 1.13, and Coefficient Of Variation of 665.48 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SeaBird Exploration holds a performance score of 18. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SeaBird Exploration's returns are expected to increase less than the market. However, during the bear market, the loss of holding SeaBird Exploration is expected to be smaller as well. Please check SeaBird Exploration's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether SeaBird Exploration's existing price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
SeaBird Exploration Plc has very good predictability. Overlapping area represents the amount of predictability between SeaBird Exploration 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 SeaBird Exploration Plc price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current SeaBird Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
SeaBird Exploration Plc lagged returns against current returns
Autocorrelation, which is SeaBird Exploration 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 SeaBird Exploration's stock expected returns. We can calculate the autocorrelation of SeaBird Exploration returns to help us make a trade decision. For example, suppose you find that SeaBird Exploration 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 |
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SeaBird Exploration 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 SeaBird Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SeaBird Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SeaBird Exploration stock over time.
Current vs Lagged Prices |
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SeaBird Exploration Lagged Returns
When evaluating SeaBird Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SeaBird Exploration stock have on its future price. SeaBird Exploration 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, SeaBird Exploration autocorrelation shows the relationship between SeaBird Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in SeaBird Exploration Plc.
Regressed Prices |
| Timeline |
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SeaBird Exploration financial ratios help investors to determine whether SeaBird 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 SeaBird with respect to the benefits of owning SeaBird Exploration security.