Strongpoint ASA (Norway) Market Value
| STRO Stock | NOK 10.25 0.15 1.49% |
| Symbol | Strongpoint |
Strongpoint 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 Strongpoint 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 Strongpoint ASA.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Strongpoint ASA on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Strongpoint ASA or generate 0.0% return on investment in Strongpoint ASA over 720 days. Strongpoint ASA is related to or competes with Kitron ASA, Norske Skog, Magnora ASA, Elkem ASA, and Arendals Fossekompani. StrongPoint ASA develops and sells technology solutions for e-commerce and store operations in Norway, Sweden, and inter... More
Strongpoint 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 Strongpoint 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 Strongpoint ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.37 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 3.43 |
Strongpoint ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strongpoint ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strongpoint ASA's standard deviation. In reality, there are many statistical measures that can use Strongpoint ASA historical prices to predict the future Strongpoint ASA's volatility.| Risk Adjusted Performance | 0.0307 | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1843 |
Strongpoint ASA Backtested Returns
As of now, Strongpoint Stock is not too volatile. Strongpoint ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0457, which indicates the firm had a 0.0457% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Strongpoint ASA, which you can use to evaluate the volatility of the company. Please validate Strongpoint ASA's Risk Adjusted Performance of 0.0307, semi deviation of 1.57, and Coefficient Of Variation of 3086.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.0851%. Strongpoint ASA has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Strongpoint ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Strongpoint ASA is expected to be smaller as well. Strongpoint ASA right now has a risk of 1.86%. Please validate Strongpoint ASA maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Strongpoint ASA will be following its existing price patterns.
Auto-correlation | 0.63 |
Good predictability
Strongpoint ASA has good predictability. Overlapping area represents the amount of predictability between Strongpoint ASA time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Strongpoint ASA price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Strongpoint ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 3.64 |
Strongpoint ASA lagged returns against current returns
Autocorrelation, which is Strongpoint 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 Strongpoint ASA's stock expected returns. We can calculate the autocorrelation of Strongpoint ASA returns to help us make a trade decision. For example, suppose you find that Strongpoint 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 |
Strongpoint 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 Strongpoint ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strongpoint ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strongpoint ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Strongpoint ASA Lagged Returns
When evaluating Strongpoint ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strongpoint ASA stock have on its future price. Strongpoint 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, Strongpoint ASA autocorrelation shows the relationship between Strongpoint ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Strongpoint ASA.
Regressed Prices |
| Timeline |
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Strongpoint ASA financial ratios help investors to determine whether Strongpoint 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 Strongpoint with respect to the benefits of owning Strongpoint ASA security.