Akva (Norway) Market Value
| AKVA Stock | NOK 67.40 0.40 0.59% |
| Symbol | Akva |
Akva '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 Akva'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 Akva.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Akva on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Akva Group or generate 0.0% return on investment in Akva over 30 days. Akva is related to or competes with DnB ASA, Orkla ASA, Storebrand ASA, Yara International, and Telenor ASA. AKVA Group ASA develops, designs, purchases, manufactures, assembles, sells, and installs technology products and servic... More
Akva 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 Akva'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 Akva Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.1187 | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 4.18 |
Akva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akva's standard deviation. In reality, there are many statistical measures that can use Akva historical prices to predict the future Akva's volatility.| Risk Adjusted Performance | 0.119 | |||
| Jensen Alpha | 0.2612 | |||
| Total Risk Alpha | 0.183 | |||
| Sortino Ratio | 0.1369 | |||
| Treynor Ratio | 1.28 |
Akva Group Backtested Returns
Akva appears to be very steady, given 3 months investment horizon. Akva Group secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Akva Group, which you can use to evaluate the volatility of the firm. Please makes use of Akva's Downside Deviation of 1.71, mean deviation of 1.52, and Risk Adjusted Performance of 0.119 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Akva holds a performance score of 10. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Akva's returns are expected to increase less than the market. However, during the bear market, the loss of holding Akva is expected to be smaller as well. Please check Akva's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Akva's price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Akva Group has good predictability. Overlapping area represents the amount of predictability between Akva time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Akva Group price movement. The serial correlation of 0.72 indicates that around 72.0% of current Akva price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Akva Group lagged returns against current returns
Autocorrelation, which is Akva 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 Akva's stock expected returns. We can calculate the autocorrelation of Akva returns to help us make a trade decision. For example, suppose you find that Akva 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 |
Akva 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 Akva stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akva stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akva stock over time.
Current vs Lagged Prices |
| Timeline |
Akva Lagged Returns
When evaluating Akva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akva stock have on its future price. Akva 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, Akva autocorrelation shows the relationship between Akva stock current value and its past values and can show if there is a momentum factor associated with investing in Akva Group.
Regressed Prices |
| Timeline |
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Akva financial ratios help investors to determine whether Akva 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 Akva with respect to the benefits of owning Akva security.