Tysnes Sparebank (Norway) Market Value
| TYSB Stock | NOK 118.00 1.00 0.85% |
| Symbol | Tysnes |
Tysnes 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 Tysnes 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 Tysnes Sparebank.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Tysnes Sparebank on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Tysnes Sparebank or generate 0.0% return on investment in Tysnes Sparebank over 90 days. Tysnes Sparebank is related to or competes with 5Th Planet, Norwegian Air, Sparebanken Ost, and Odfjell Drilling. Tysnes Sparebank, a savings bank, provides banking products and services for private and business customers in Tysness a... More
Tysnes 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 Tysnes 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 Tysnes Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.0971 | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.53 |
Tysnes Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tysnes Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tysnes Sparebank's standard deviation. In reality, there are many statistical measures that can use Tysnes Sparebank historical prices to predict the future Tysnes Sparebank's volatility.| Risk Adjusted Performance | 0.0216 | |||
| Jensen Alpha | 0.0417 | |||
| Total Risk Alpha | 0.1802 | |||
| Sortino Ratio | 0.0894 | |||
| Treynor Ratio | 0.0772 |
Tysnes Sparebank Backtested Returns
As of now, Tysnes Stock is very steady. Tysnes Sparebank owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tysnes Sparebank, which you can use to evaluate the volatility of the company. Please validate Tysnes Sparebank's Semi Deviation of 0.8226, coefficient of variation of 4766.14, and Risk Adjusted Performance of 0.0216 to confirm if the risk estimate we provide is consistent with the expected return of 0.0102%. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tysnes Sparebank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tysnes Sparebank is expected to be smaller as well. Tysnes Sparebank right now has a risk of 1.35%. Please validate Tysnes Sparebank treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Tysnes Sparebank will be following its existing price patterns.
Auto-correlation | 0.06 |
Virtually no predictability
Tysnes Sparebank has virtually no predictability. Overlapping area represents the amount of predictability between Tysnes Sparebank time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Tysnes Sparebank price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Tysnes Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 5.05 |
Tysnes Sparebank lagged returns against current returns
Autocorrelation, which is Tysnes 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 Tysnes Sparebank's stock expected returns. We can calculate the autocorrelation of Tysnes Sparebank returns to help us make a trade decision. For example, suppose you find that Tysnes 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 |
Tysnes 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 Tysnes Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tysnes Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tysnes Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Tysnes Sparebank Lagged Returns
When evaluating Tysnes Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tysnes Sparebank stock have on its future price. Tysnes 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, Tysnes Sparebank autocorrelation shows the relationship between Tysnes Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Tysnes Sparebank.
Regressed Prices |
| Timeline |
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Tysnes Sparebank financial ratios help investors to determine whether Tysnes 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 Tysnes with respect to the benefits of owning Tysnes Sparebank security.