Sogn Sparebank (Norway) Market Value
| SOGN Stock | NOK 230.00 1.00 0.44% |
| Symbol | Sogn |
Sogn 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 Sogn 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 Sogn Sparebank.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Sogn Sparebank on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Sogn Sparebank or generate 0.0% return on investment in Sogn Sparebank over 90 days. Sogn Sparebank is related to or competes with Sparebanken Sor, SpareBank, Holand Og, and Sparebank. Indre Sogn Sparebank provides banking products and services in Norway More
Sogn 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 Sogn 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 Sogn Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0083 | |||
| Maximum Drawdown | 13.53 | |||
| Value At Risk | (5.39) | |||
| Potential Upside | 6.07 |
Sogn Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sogn Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sogn Sparebank's standard deviation. In reality, there are many statistical measures that can use Sogn Sparebank historical prices to predict the future Sogn Sparebank's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.3146 | |||
| Treynor Ratio | (0.75) |
Sogn Sparebank Backtested Returns
Sogn Sparebank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0241, which indicates the firm had a -0.0241 % return per unit of risk over the last 3 months. Sogn Sparebank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sogn Sparebank's Coefficient Of Variation of (4,366), risk adjusted performance of (0.01), and Variance of 10.06 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sogn Sparebank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sogn Sparebank is expected to be smaller as well. At this point, Sogn Sparebank has a negative expected return of -0.0782%. Please make sure to validate Sogn Sparebank's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Sogn Sparebank performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Sogn Sparebank has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sogn Sparebank time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Sogn Sparebank price movement. The serial correlation of -0.79 indicates that around 79.0% of current Sogn Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 900.39 |
Sogn Sparebank lagged returns against current returns
Autocorrelation, which is Sogn 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 Sogn Sparebank's stock expected returns. We can calculate the autocorrelation of Sogn Sparebank returns to help us make a trade decision. For example, suppose you find that Sogn 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 |
Sogn 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 Sogn Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sogn Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sogn Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Sogn Sparebank Lagged Returns
When evaluating Sogn Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sogn Sparebank stock have on its future price. Sogn 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, Sogn Sparebank autocorrelation shows the relationship between Sogn Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Sogn Sparebank.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Sogn Stock
Sogn Sparebank financial ratios help investors to determine whether Sogn 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 Sogn with respect to the benefits of owning Sogn Sparebank security.