Storebrand ASA (Norway) Market Value
| STB Stock | NOK 130.60 0.60 0.46% |
| Symbol | Storebrand |
Storebrand ASA '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 Storebrand ASA'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 Storebrand ASA.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Storebrand ASA on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Storebrand ASA or generate 0.0% return on investment in Storebrand ASA over 90 days. Storebrand ASA is related to or competes with DnB ASA, Gjensidige Forsikring, Orkla ASA, Telenor ASA, and Yara International. Storebrand ASA, through its subsidiaries, primarily provides insurance products and services for private individuals, co... More
Storebrand ASA 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 Storebrand ASA'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 Storebrand ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.1195 | |||
| Maximum Drawdown | 12.17 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.75 |
Storebrand ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Storebrand ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Storebrand ASA's standard deviation. In reality, there are many statistical measures that can use Storebrand ASA historical prices to predict the future Storebrand ASA's volatility.| Risk Adjusted Performance | 0.0542 | |||
| Jensen Alpha | 0.0896 | |||
| Total Risk Alpha | 0.2792 | |||
| Sortino Ratio | 0.0961 | |||
| Treynor Ratio | 0.9646 |
Storebrand ASA Backtested Returns
As of now, Storebrand Stock is very steady. Storebrand ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.09, which indicates the firm had a 0.09 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Storebrand ASA, which you can use to evaluate the volatility of the company. Please validate Storebrand ASA's Coefficient Of Variation of 1751.7, risk adjusted performance of 0.0542, and Semi Deviation of 1.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Storebrand ASA has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.0835, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Storebrand ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Storebrand ASA is expected to be smaller as well. Storebrand ASA right now has a risk of 1.63%. Please validate Storebrand ASA expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Storebrand ASA will be following its existing price patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Storebrand ASA has modest reverse predictability. Overlapping area represents the amount of predictability between Storebrand ASA time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Storebrand ASA price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Storebrand ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 22.13 |
Storebrand ASA lagged returns against current returns
Autocorrelation, which is Storebrand ASA 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 Storebrand ASA's stock expected returns. We can calculate the autocorrelation of Storebrand ASA returns to help us make a trade decision. For example, suppose you find that Storebrand ASA 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 |
Storebrand ASA 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 Storebrand ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Storebrand ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Storebrand ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Storebrand ASA Lagged Returns
When evaluating Storebrand ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Storebrand ASA stock have on its future price. Storebrand ASA 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, Storebrand ASA autocorrelation shows the relationship between Storebrand ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Storebrand ASA.
Regressed Prices |
| Timeline |
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Storebrand ASA financial ratios help investors to determine whether Storebrand 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 Storebrand with respect to the benefits of owning Storebrand ASA security.