Standard Supply (Norway) Market Value
| STSU Stock | 22.95 2.90 14.46% |
| Symbol | Standard |
Standard Supply '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 Standard Supply'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 Standard Supply.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Standard Supply on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Standard Supply AS or generate 0.0% return on investment in Standard Supply over 30 days.
Standard Supply 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 Standard Supply'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 Standard Supply AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 83.96 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 12.13 |
Standard Supply Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Standard Supply's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Standard Supply's standard deviation. In reality, there are many statistical measures that can use Standard Supply historical prices to predict the future Standard Supply's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.40) | |||
| Total Risk Alpha | (2.72) | |||
| Treynor Ratio | (2.20) |
Standard Supply AS Backtested Returns
Standard Supply AS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Standard Supply AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Standard Supply's Risk Adjusted Performance of (0.08), variance of 122.69, and Coefficient Of Variation of (832.32) to confirm the risk estimate we provide. The entity has a beta of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Standard Supply's returns are expected to increase less than the market. However, during the bear market, the loss of holding Standard Supply is expected to be smaller as well. At this point, Standard Supply AS has a negative expected return of -1.33%. Please make sure to validate Standard Supply's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Standard Supply AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Standard Supply AS has modest predictability. Overlapping area represents the amount of predictability between Standard Supply time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Standard Supply AS price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Standard Supply price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.46 |
Standard Supply AS lagged returns against current returns
Autocorrelation, which is Standard Supply 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 Standard Supply's stock expected returns. We can calculate the autocorrelation of Standard Supply returns to help us make a trade decision. For example, suppose you find that Standard Supply 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 |
Standard Supply 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 Standard Supply stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Standard Supply stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Standard Supply stock over time.
Current vs Lagged Prices |
| Timeline |
Standard Supply Lagged Returns
When evaluating Standard Supply's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Standard Supply stock have on its future price. Standard Supply 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, Standard Supply autocorrelation shows the relationship between Standard Supply stock current value and its past values and can show if there is a momentum factor associated with investing in Standard Supply AS.
Regressed Prices |
| Timeline |
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