Tekna Holding (Norway) Market Value
| TEKNA Stock | NOK 5.94 0.54 10.00% |
| Symbol | Tekna |
Tekna Holding '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 Tekna Holding'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 Tekna Holding.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Tekna Holding on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Tekna Holding AS or generate 0.0% return on investment in Tekna Holding over 30 days. Tekna Holding is related to or competes with Nordic Mining, Romsdal Sparebank, Sparebank, Clean Seas, Nidaros Sparebank, Instabank ASA, and Sunndal Sparebank. Tekna Holding AS produces and sells spherical powders and nanopowders, and plasma systems for powder production of advan... More
Tekna Holding 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 Tekna Holding'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 Tekna Holding AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.56 | |||
| Information Ratio | 0.0664 | |||
| Maximum Drawdown | 28.34 | |||
| Value At Risk | (9.74) | |||
| Potential Upside | 11.76 |
Tekna Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tekna Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tekna Holding's standard deviation. In reality, there are many statistical measures that can use Tekna Holding historical prices to predict the future Tekna Holding's volatility.| Risk Adjusted Performance | 0.068 | |||
| Jensen Alpha | 0.4405 | |||
| Total Risk Alpha | 0.2952 | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | 1.4 |
Tekna Holding AS Backtested Returns
Tekna Holding appears to be very risky, given 3 months investment horizon. Tekna Holding AS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.087, which indicates the firm had a 0.087% return per unit of risk over the last 3 months. By inspecting Tekna Holding's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please review Tekna Holding's Risk Adjusted Performance of 0.068, semi deviation of 5.22, and Coefficient Of Variation of 1408.52 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tekna Holding holds a performance score of 6. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tekna Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tekna Holding is expected to be smaller as well. Please check Tekna Holding's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Tekna Holding's existing price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Tekna Holding AS has very good reverse predictability. Overlapping area represents the amount of predictability between Tekna Holding time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Tekna Holding AS price movement. The serial correlation of -0.66 indicates that around 66.0% of current Tekna Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Tekna Holding AS lagged returns against current returns
Autocorrelation, which is Tekna Holding 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 Tekna Holding's stock expected returns. We can calculate the autocorrelation of Tekna Holding returns to help us make a trade decision. For example, suppose you find that Tekna Holding 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 |
Tekna Holding 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 Tekna Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tekna Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tekna Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Tekna Holding Lagged Returns
When evaluating Tekna Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tekna Holding stock have on its future price. Tekna Holding 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, Tekna Holding autocorrelation shows the relationship between Tekna Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Tekna Holding AS.
Regressed Prices |
| Timeline |
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Tekna Holding financial ratios help investors to determine whether Tekna 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 Tekna with respect to the benefits of owning Tekna Holding security.