Austevoll Seafood (Norway) Market Value
| AUSS Stock | NOK 100.40 0.30 0.30% |
| Symbol | Austevoll |
Austevoll Seafood '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 Austevoll Seafood'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 Austevoll Seafood.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Austevoll Seafood on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Austevoll Seafood ASA or generate 0.0% return on investment in Austevoll Seafood over 720 days. Austevoll Seafood is related to or competes with Lery Seafood, Grieg Seafood, SalMar ASA, Pf Bakkafrost, and Mowi ASA. Austevoll Seafood ASA, a seafood company, engages in the salmon, white fish, and pelagic businesses in Norway, Europe, A... More
Austevoll Seafood 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 Austevoll Seafood'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 Austevoll Seafood ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.85 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 2.08 |
Austevoll Seafood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Austevoll Seafood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Austevoll Seafood's standard deviation. In reality, there are many statistical measures that can use Austevoll Seafood historical prices to predict the future Austevoll Seafood's volatility.| Risk Adjusted Performance | 0.0774 | |||
| Jensen Alpha | 0.1208 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.73) |
Austevoll Seafood ASA Backtested Returns
As of now, Austevoll Stock is very steady. Austevoll Seafood ASA secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Austevoll Seafood ASA, which you can use to evaluate the volatility of the firm. Please confirm Austevoll Seafood's Risk Adjusted Performance of 0.0774, downside deviation of 1.18, and Mean Deviation of 0.9229 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Austevoll Seafood has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Austevoll Seafood are expected to decrease at a much lower rate. During the bear market, Austevoll Seafood is likely to outperform the market. Austevoll Seafood ASA right now shows a risk of 1.17%. Please confirm Austevoll Seafood ASA jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Austevoll Seafood ASA will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Austevoll Seafood ASA has very good reverse predictability. Overlapping area represents the amount of predictability between Austevoll Seafood time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Austevoll Seafood ASA price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Austevoll Seafood price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 96.83 |
Austevoll Seafood ASA lagged returns against current returns
Autocorrelation, which is Austevoll Seafood 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 Austevoll Seafood's stock expected returns. We can calculate the autocorrelation of Austevoll Seafood returns to help us make a trade decision. For example, suppose you find that Austevoll Seafood 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 |
Austevoll Seafood 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 Austevoll Seafood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Austevoll Seafood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Austevoll Seafood stock over time.
Current vs Lagged Prices |
| Timeline |
Austevoll Seafood Lagged Returns
When evaluating Austevoll Seafood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Austevoll Seafood stock have on its future price. Austevoll Seafood 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, Austevoll Seafood autocorrelation shows the relationship between Austevoll Seafood stock current value and its past values and can show if there is a momentum factor associated with investing in Austevoll Seafood ASA.
Regressed Prices |
| Timeline |
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Austevoll Seafood financial ratios help investors to determine whether Austevoll 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 Austevoll with respect to the benefits of owning Austevoll Seafood security.