Skue Sparebank (Norway) Market Value
| SKUE Stock | NOK 337.90 3.15 0.94% |
| Symbol | Skue |
Skue 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 Skue 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 Skue Sparebank.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in Skue Sparebank on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Skue Sparebank or generate 0.0% return on investment in Skue Sparebank over 30 days. Skue Sparebank is related to or competes with Melhus Sparebank, Sparebanken Ost, and Sparebanken Sor. Skue Sparebank provides various banking products and services primarily in Norway More
Skue 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 Skue 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 Skue Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9025 | |||
| Information Ratio | 0.4234 | |||
| Maximum Drawdown | 4.67 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 2.33 |
Skue Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skue Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skue Sparebank's standard deviation. In reality, there are many statistical measures that can use Skue Sparebank historical prices to predict the future Skue Sparebank's volatility.| Risk Adjusted Performance | 0.3107 | |||
| Jensen Alpha | 0.4447 | |||
| Total Risk Alpha | 0.4431 | |||
| Sortino Ratio | 0.4916 | |||
| Treynor Ratio | 39.71 |
Skue Sparebank Backtested Returns
Skue Sparebank appears to be very steady, given 3 months investment horizon. Skue Sparebank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.44, which indicates the firm had a 0.44 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Skue Sparebank, which you can use to evaluate the volatility of the company. Please review Skue Sparebank's Downside Deviation of 0.9025, risk adjusted performance of 0.3107, and Standard Deviation of 1.05 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Skue Sparebank holds a performance score of 34. The entity has a beta of 0.0112, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Skue Sparebank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Skue Sparebank is expected to be smaller as well. Please check Skue Sparebank's maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to make a quick decision on whether Skue Sparebank's existing price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Skue Sparebank has very good predictability. Overlapping area represents the amount of predictability between Skue Sparebank time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th 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 Skue Sparebank price movement. The serial correlation of 0.82 indicates that around 82.0% of current Skue Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 132.46 |
Skue Sparebank lagged returns against current returns
Autocorrelation, which is Skue 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 Skue Sparebank's stock expected returns. We can calculate the autocorrelation of Skue Sparebank returns to help us make a trade decision. For example, suppose you find that Skue 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 |
Skue 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 Skue Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skue Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skue Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Skue Sparebank Lagged Returns
When evaluating Skue Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skue Sparebank stock have on its future price. Skue 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, Skue Sparebank autocorrelation shows the relationship between Skue Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Skue Sparebank.
Regressed Prices |
| Timeline |
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Skue Sparebank financial ratios help investors to determine whether Skue 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 Skue with respect to the benefits of owning Skue Sparebank security.