Var Energi (Norway) Market Value
VAR Stock | 34.74 1.06 2.96% |
Symbol | Var |
Var Energi '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 Var Energi'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 Var Energi.
11/08/2024 |
| 12/08/2024 |
If you would invest 0.00 in Var Energi on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding Var Energi ASA or generate 0.0% return on investment in Var Energi over 30 days. Var Energi is related to or competes with Aker BP, Belships, MPC Container, BW Energy, and 2020 Bulkers. More
Var Energi 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 Var Energi'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 Var Energi ASA upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.79 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 8.81 | |||
Value At Risk | (3.03) | |||
Potential Upside | 2.84 |
Var Energi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Var Energi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Var Energi's standard deviation. In reality, there are many statistical measures that can use Var Energi historical prices to predict the future Var Energi's volatility.Risk Adjusted Performance | 0.0554 | |||
Jensen Alpha | 0.0999 | |||
Total Risk Alpha | (0.21) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 1.09 |
Var Energi ASA Backtested Returns
As of now, Var Stock is very steady. Var Energi ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0752, which indicates the firm had a 0.0752% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Var Energi ASA, which you can use to evaluate the volatility of the company. Please validate Var Energi's Coefficient Of Variation of 1500.97, semi deviation of 1.64, and Risk Adjusted Performance of 0.0554 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Var Energi has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Var Energi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Var Energi is expected to be smaller as well. Var Energi ASA right now has a risk of 1.85%. Please validate Var Energi value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to decide if Var Energi will be following its existing price patterns.
Auto-correlation | -0.82 |
Excellent reverse predictability
Var Energi ASA has excellent reverse predictability. Overlapping area represents the amount of predictability between Var Energi time series from 8th of November 2024 to 23rd of November 2024 and 23rd of November 2024 to 8th 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 Var Energi ASA price movement. The serial correlation of -0.82 indicates that around 82.0% of current Var Energi price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.82 | |
Spearman Rank Test | -0.75 | |
Residual Average | 0.0 | |
Price Variance | 0.53 |
Var Energi ASA lagged returns against current returns
Autocorrelation, which is Var Energi 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 Var Energi's stock expected returns. We can calculate the autocorrelation of Var Energi returns to help us make a trade decision. For example, suppose you find that Var Energi 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 |
Var Energi 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 Var Energi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Var Energi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Var Energi stock over time.
Current vs Lagged Prices |
Timeline |
Var Energi Lagged Returns
When evaluating Var Energi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Var Energi stock have on its future price. Var Energi 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, Var Energi autocorrelation shows the relationship between Var Energi stock current value and its past values and can show if there is a momentum factor associated with investing in Var Energi ASA.
Regressed Prices |
Timeline |
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Var Energi financial ratios help investors to determine whether Var 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 Var with respect to the benefits of owning Var Energi security.