Belships (Norway) Market Value
| BELCO Stock | NOK 16.60 0.08 0.48% |
| Symbol | Belships |
Belships '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 Belships' 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 Belships.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Belships on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Belships or generate 0.0% return on investment in Belships over 360 days. Belships is related to or competes with SD Standard, Nordic Mining, NorAm Drilling, Nordic Technology, Austevoll Seafood, and Polaris Media. It operates through Dry Bulk and Technical Management segments More
Belships 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 Belships' 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 Belships upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 15.48 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 3.75 |
Belships Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Belships' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Belships' standard deviation. In reality, there are many statistical measures that can use Belships historical prices to predict the future Belships' volatility.| Risk Adjusted Performance | 0.012 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0102 |
Belships Backtested Returns
Belships secures Sharpe Ratio (or Efficiency) of -0.0158, which signifies that the company had a -0.0158% return per unit of risk over the last 3 months. Belships exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Belships' Risk Adjusted Performance of 0.012, downside deviation of 2.08, and Mean Deviation of 1.63 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Belships' returns are expected to increase less than the market. However, during the bear market, the loss of holding Belships is expected to be smaller as well. At this point, Belships has a negative expected return of -0.0377%. Please make sure to confirm Belships' total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if Belships performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Belships has very good reverse predictability. Overlapping area represents the amount of predictability between Belships time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Belships price movement. The serial correlation of -0.69 indicates that around 69.0% of current Belships price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
Belships lagged returns against current returns
Autocorrelation, which is Belships 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 Belships' stock expected returns. We can calculate the autocorrelation of Belships returns to help us make a trade decision. For example, suppose you find that Belships 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 |
Belships 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 Belships stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Belships stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Belships stock over time.
Current vs Lagged Prices |
| Timeline |
Belships Lagged Returns
When evaluating Belships' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Belships stock have on its future price. Belships 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, Belships autocorrelation shows the relationship between Belships stock current value and its past values and can show if there is a momentum factor associated with investing in Belships.
Regressed Prices |
| Timeline |
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Belships financial ratios help investors to determine whether Belships 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 Belships with respect to the benefits of owning Belships security.