Aker Bp Asa Stock Market Value
| AKRBY Stock | 10.15 1.03 9.21% |
| Symbol | Aker |
Aker BP '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 Aker BP's pink sheet 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 Aker BP.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Aker BP on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Aker BP ASA or generate 0.0% return on investment in Aker BP over 30 days. Aker BP is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. More
Aker BP 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 Aker BP's pink sheet 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 Aker BP ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.54 | |||
| Information Ratio | (0.001) | |||
| Maximum Drawdown | 29.15 | |||
| Value At Risk | (9.46) | |||
| Potential Upside | 10.06 |
Aker BP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aker BP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aker BP's standard deviation. In reality, there are many statistical measures that can use Aker BP historical prices to predict the future Aker BP's volatility.| Risk Adjusted Performance | 0.0207 | |||
| Jensen Alpha | 0.092 | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.0007) | |||
| Treynor Ratio | (1.01) |
Aker BP ASA Backtested Returns
At this stage we consider Aker Pink Sheet to be slightly risky. Aker BP ASA secures Sharpe Ratio (or Efficiency) of 0.0167, which signifies that the company had a 0.0167% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Aker BP ASA, which you can use to evaluate the volatility of the firm. Please confirm Aker BP's risk adjusted performance of 0.0207, and Mean Deviation of 3.59 to double-check if the risk estimate we provide is consistent with the expected return of 0.0974%. Aker BP has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0835, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aker BP are expected to decrease at a much lower rate. During the bear market, Aker BP is likely to outperform the market. Aker BP ASA right now shows a risk of 5.83%. Please confirm Aker BP ASA jensen alpha, as well as the relationship between the potential upside and daily balance of power , to decide if Aker BP ASA will be following its price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Aker BP ASA has very weak reverse predictability. Overlapping area represents the amount of predictability between Aker BP time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Aker BP ASA price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Aker BP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Aker BP ASA lagged returns against current returns
Autocorrelation, which is Aker BP pink sheet'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 Aker BP's pink sheet expected returns. We can calculate the autocorrelation of Aker BP returns to help us make a trade decision. For example, suppose you find that Aker BP has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Aker BP 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 Aker BP pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aker BP pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aker BP pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aker BP Lagged Returns
When evaluating Aker BP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aker BP pink sheet have on its future price. Aker BP 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, Aker BP autocorrelation shows the relationship between Aker BP pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aker BP ASA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Aker Pink Sheet Analysis
When running Aker BP's price analysis, check to measure Aker BP'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 Aker BP is operating at the current time. Most of Aker BP's value examination focuses on studying past and present price action to predict the probability of Aker BP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aker BP's price. Additionally, you may evaluate how the addition of Aker BP to your portfolios can decrease your overall portfolio volatility.