Sunndal Sparebank (Norway) Market Value
| SUNSB Stock | NOK 120.92 1.92 1.61% |
| Symbol | Sunndal |
Sunndal 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 Sunndal 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 Sunndal Sparebank.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Sunndal Sparebank on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Sunndal Sparebank or generate 0.0% return on investment in Sunndal Sparebank over 90 days. Sunndal Sparebank is related to or competes with Nordic Mining, Melhus Sparebank, Golden Energy, Romerike Sparebank, Norwegian Air, Nidaros Sparebank, and Instabank ASA. Sunndal Sparebank, a savings bank, provides banking products and services for private and corporate customers in Norway More
Sunndal 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 Sunndal 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 Sunndal Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.1054 | |||
| Maximum Drawdown | 6.05 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.46 |
Sunndal Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunndal Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunndal Sparebank's standard deviation. In reality, there are many statistical measures that can use Sunndal Sparebank historical prices to predict the future Sunndal Sparebank's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | 0.0537 | |||
| Total Risk Alpha | 0.196 | |||
| Sortino Ratio | 0.0847 | |||
| Treynor Ratio | 0.1416 |
Sunndal Sparebank Backtested Returns
As of now, Sunndal Stock is very steady. Sunndal Sparebank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0305, which indicates the firm had a 0.0305 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sunndal Sparebank, which you can use to evaluate the volatility of the company. Please validate Sunndal Sparebank's Semi Deviation of 1.15, coefficient of variation of 3275.1, and Risk Adjusted Performance of 0.03 to confirm if the risk estimate we provide is consistent with the expected return of 0.0404%. Sunndal Sparebank has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunndal Sparebank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunndal Sparebank is expected to be smaller as well. Sunndal Sparebank right now has a risk of 1.32%. Please validate Sunndal Sparebank semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Sunndal Sparebank will be following its existing price patterns.
Auto-correlation | -0.32 |
Poor reverse predictability
Sunndal Sparebank has poor reverse predictability. Overlapping area represents the amount of predictability between Sunndal 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 Sunndal Sparebank price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Sunndal Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
Sunndal Sparebank lagged returns against current returns
Autocorrelation, which is Sunndal 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 Sunndal Sparebank's stock expected returns. We can calculate the autocorrelation of Sunndal Sparebank returns to help us make a trade decision. For example, suppose you find that Sunndal 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 |
Sunndal 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 Sunndal Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunndal Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunndal Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Sunndal Sparebank Lagged Returns
When evaluating Sunndal Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunndal Sparebank stock have on its future price. Sunndal 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, Sunndal Sparebank autocorrelation shows the relationship between Sunndal Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Sunndal Sparebank.
Regressed Prices |
| Timeline |
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Sunndal Sparebank financial ratios help investors to determine whether Sunndal 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 Sunndal with respect to the benefits of owning Sunndal Sparebank security.