Solstad Offshore (Germany) Market Value
| SZL Stock | 3.51 0.06 1.74% |
| Symbol | Solstad |
Solstad Offshore '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 Solstad Offshore'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 Solstad Offshore.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Solstad Offshore on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Solstad Offshore ASA or generate 0.0% return on investment in Solstad Offshore over 30 days. Solstad Offshore is related to or competes with Perseus Mining, Food Life, SENECA FOODS-A, AUSTEVOLL SEAFOOD, and TYSON FOODS. More
Solstad Offshore 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 Solstad Offshore'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 Solstad Offshore ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.0178 | |||
| Maximum Drawdown | 30.3 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 3.55 |
Solstad Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solstad Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solstad Offshore's standard deviation. In reality, there are many statistical measures that can use Solstad Offshore historical prices to predict the future Solstad Offshore's volatility.| Risk Adjusted Performance | 0.0463 | |||
| Jensen Alpha | 0.0268 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0245 | |||
| Treynor Ratio | 0.1349 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solstad Offshore's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Solstad Offshore ASA Backtested Returns
Solstad Offshore appears to be unstable, given 3 months investment horizon. Solstad Offshore ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0595, which indicates the firm had a 0.0595% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Solstad Offshore ASA, which you can use to evaluate the volatility of the company. Please review Solstad Offshore's Risk Adjusted Performance of 0.0463, semi deviation of 2.5, and Coefficient Of Variation of 2000.28 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Solstad Offshore holds a performance score of 4. The entity has a beta of 1.37, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Solstad Offshore will likely underperform. Please check Solstad Offshore's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Solstad Offshore's existing price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Solstad Offshore ASA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Solstad Offshore time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Solstad Offshore ASA price movement. The serial correlation of -0.72 indicates that around 72.0% of current Solstad Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Solstad Offshore ASA lagged returns against current returns
Autocorrelation, which is Solstad Offshore 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 Solstad Offshore's stock expected returns. We can calculate the autocorrelation of Solstad Offshore returns to help us make a trade decision. For example, suppose you find that Solstad Offshore 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 |
Solstad Offshore 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 Solstad Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solstad Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solstad Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
Solstad Offshore Lagged Returns
When evaluating Solstad Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solstad Offshore stock have on its future price. Solstad Offshore 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, Solstad Offshore autocorrelation shows the relationship between Solstad Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in Solstad Offshore ASA.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Solstad Stock Analysis
When running Solstad Offshore's price analysis, check to measure Solstad Offshore's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Solstad Offshore is operating at the current time. Most of Solstad Offshore's value examination focuses on studying past and present price action to predict the probability of Solstad Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solstad Offshore's price. Additionally, you may evaluate how the addition of Solstad Offshore to your portfolios can decrease your overall portfolio volatility.