AutoStore Holdings (Norway) Market Value
| AUTO Stock | 12.10 0.20 1.68% |
| Symbol | AutoStore |
AutoStore Holdings '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 AutoStore Holdings' 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 AutoStore Holdings.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in AutoStore Holdings on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding AutoStore Holdings or generate 0.0% return on investment in AutoStore Holdings over 30 days. AutoStore Holdings is related to or competes with Nordic Semiconductor, Aker BP, SalMar ASA, and Scatec Solar. More
AutoStore Holdings 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 AutoStore Holdings' 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 AutoStore Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.01 | |||
| Maximum Drawdown | 14.34 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 5.77 |
AutoStore Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AutoStore Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AutoStore Holdings' standard deviation. In reality, there are many statistical measures that can use AutoStore Holdings historical prices to predict the future AutoStore Holdings' volatility.| Risk Adjusted Performance | 0.0462 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0111 | |||
| Treynor Ratio | 0.1097 |
AutoStore Holdings Backtested Returns
As of now, AutoStore Stock is somewhat reliable. AutoStore Holdings secures Sharpe Ratio (or Efficiency) of 0.0505, which signifies that the company had a 0.0505% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AutoStore Holdings, which you can use to evaluate the volatility of the firm. Please confirm AutoStore Holdings' Mean Deviation of 2.39, downside deviation of 2.81, and Risk Adjusted Performance of 0.0462 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. AutoStore Holdings has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.34, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AutoStore Holdings will likely underperform. AutoStore Holdings right now shows a risk of 3.1%. Please confirm AutoStore Holdings total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if AutoStore Holdings will be following its price patterns.
Auto-correlation | 0.64 |
Good predictability
AutoStore Holdings has good predictability. Overlapping area represents the amount of predictability between AutoStore Holdings time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 AutoStore Holdings price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current AutoStore Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
AutoStore Holdings lagged returns against current returns
Autocorrelation, which is AutoStore Holdings 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 AutoStore Holdings' stock expected returns. We can calculate the autocorrelation of AutoStore Holdings returns to help us make a trade decision. For example, suppose you find that AutoStore Holdings 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 |
AutoStore Holdings 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 AutoStore Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AutoStore Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AutoStore Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
AutoStore Holdings Lagged Returns
When evaluating AutoStore Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AutoStore Holdings stock have on its future price. AutoStore Holdings 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, AutoStore Holdings autocorrelation shows the relationship between AutoStore Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in AutoStore Holdings.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in AutoStore Stock
AutoStore Holdings financial ratios help investors to determine whether AutoStore 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 AutoStore with respect to the benefits of owning AutoStore Holdings security.