Awilco LNG (Norway) Market Value
| ALNG Stock | NOK 4.46 0.04 0.90% |
| Symbol | Awilco |
Awilco LNG '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 Awilco LNG'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 Awilco LNG.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Awilco LNG on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Awilco LNG ASA or generate 0.0% return on investment in Awilco LNG over 30 days. Awilco LNG is related to or competes with FLEX LNG, BW LPG, Avance Gas, Hafnia, and Okeanis Eco. Awilco LNG ASA, together with its subsidiaries, owns and operates liquefied natural gas vessels in Norway More
Awilco LNG 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 Awilco LNG'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 Awilco LNG ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 33.76 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 4.37 |
Awilco LNG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Awilco LNG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Awilco LNG's standard deviation. In reality, there are many statistical measures that can use Awilco LNG historical prices to predict the future Awilco LNG's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | (2.65) |
Awilco LNG ASA Backtested Returns
Awilco LNG ASA secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Awilco LNG ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Awilco LNG's Risk Adjusted Performance of (0.12), mean deviation of 2.51, and Standard Deviation of 4.19 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Awilco LNG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Awilco LNG is expected to be smaller as well. At this point, Awilco LNG ASA has a negative expected return of -0.67%. Please make sure to confirm Awilco LNG's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Awilco LNG ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Awilco LNG ASA has virtually no predictability. Overlapping area represents the amount of predictability between Awilco LNG time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Awilco LNG ASA price movement. The serial correlation of 0.03 indicates that only 3.0% of current Awilco LNG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Awilco LNG ASA lagged returns against current returns
Autocorrelation, which is Awilco LNG 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 Awilco LNG's stock expected returns. We can calculate the autocorrelation of Awilco LNG returns to help us make a trade decision. For example, suppose you find that Awilco LNG 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 |
Awilco LNG 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 Awilco LNG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Awilco LNG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Awilco LNG stock over time.
Current vs Lagged Prices |
| Timeline |
Awilco LNG Lagged Returns
When evaluating Awilco LNG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Awilco LNG stock have on its future price. Awilco LNG 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, Awilco LNG autocorrelation shows the relationship between Awilco LNG stock current value and its past values and can show if there is a momentum factor associated with investing in Awilco LNG ASA.
Regressed Prices |
| Timeline |
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Awilco LNG financial ratios help investors to determine whether Awilco 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 Awilco with respect to the benefits of owning Awilco LNG security.