Sparebank (Norway) Market Value

SOAG Stock  NOK 375.00  2.00  0.53%   
Sparebank's market value is the price at which a share of Sparebank trades on a public exchange. It measures the collective expectations of Sparebank 1 Ostfold investors about its performance. Sparebank is selling for 375.00 as of the 11th of December 2024. This is a 0.53 percent down since the beginning of the trading day. The stock's lowest day price was 375.0.
With this module, you can estimate the performance of a buy and hold strategy of Sparebank 1 Ostfold and determine expected loss or profit from investing in Sparebank over a given investment horizon. Check out Sparebank Correlation, Sparebank Volatility and Sparebank Alpha and Beta module to complement your research on Sparebank.
Symbol

Please note, there is a significant difference between Sparebank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sparebank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sparebank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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 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 Sparebank.
0.00
11/11/2024
No Change 0.00  0.0 
In 31 days
12/11/2024
0.00
If you would invest  0.00  in Sparebank on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Sparebank 1 Ostfold or generate 0.0% return on investment in Sparebank over 30 days. Sparebank is related to or competes with Aurskog Sparebank, Helgeland Sparebank, Kongsberg Gruppen, Napatech, Elkem ASA, Arcticzymes Technologies, and Sparebanken Vest. SpareBank 1 stfold Akershus, a savings bank, provides various banking products and services in stfold and the southern p... More

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 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 Sparebank 1 Ostfold upside and downside potential and time the market with a certain degree of confidence.

Sparebank Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparebank's standard deviation. In reality, there are many statistical measures that can use Sparebank historical prices to predict the future Sparebank's volatility.
Hype
Prediction
LowEstimatedHigh
375.72377.00378.28
Details
Intrinsic
Valuation
LowRealHigh
370.22371.50414.70
Details
Naive
Forecast
LowNextHigh
373.67374.95376.22
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
344.49368.65392.81
Details

Sparebank 1 Ostfold Backtested Returns

As of now, Sparebank Stock is very steady. Sparebank 1 Ostfold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0628, which indicates the firm had a 0.0628% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sparebank 1 Ostfold, which you can use to evaluate the volatility of the company. Please validate Sparebank's Risk Adjusted Performance of 0.0481, semi deviation of 0.9903, and Coefficient Of Variation of 1651.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.0801%. Sparebank has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sparebank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparebank is expected to be smaller as well. Sparebank 1 Ostfold right now has a risk of 1.28%. Please validate Sparebank semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Sparebank will be following its existing price patterns.

Auto-correlation

    
  0.10  

Insignificant predictability

Sparebank 1 Ostfold has insignificant predictability. Overlapping area represents the amount of predictability between Sparebank time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Sparebank 1 Ostfold price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Sparebank price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test0.17
Residual Average0.0
Price Variance16.2

Sparebank 1 Ostfold lagged returns against current returns

Autocorrelation, which is 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 Sparebank's stock expected returns. We can calculate the autocorrelation of Sparebank returns to help us make a trade decision. For example, suppose you find that 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  

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 Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparebank stock over time.
   Current vs Lagged Prices   
       Timeline  

Sparebank Lagged Returns

When evaluating Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparebank stock have on its future price. 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, Sparebank autocorrelation shows the relationship between Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Sparebank 1 Ostfold.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Sparebank Stock

Sparebank financial ratios help investors to determine whether Sparebank 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 Sparebank with respect to the benefits of owning Sparebank security.