BW Offshore (Norway) Market Value
| BWO Stock | NOK 28.15 0.55 1.99% |
| Symbol | BWO |
BW Offshore '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 BW Offshore'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 BW Offshore.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in BW Offshore on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding BW Offshore or generate 0.0% return on investment in BW Offshore over 30 days. BW Offshore is related to or competes with BW Energy, Subsea 7, BW LPG, and Dno ASA. BW Offshore Limited builds, owns, and operates oil and gas floating production, storage, and offloading vessels and floa... More
BW Offshore 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 BW Offshore'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 BW Offshore upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.1 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 3.69 |
BW Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BW Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BW Offshore's standard deviation. In reality, there are many statistical measures that can use BW Offshore historical prices to predict the future BW Offshore's volatility.| Risk Adjusted Performance | 0.0136 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0233 |
BW Offshore Backtested Returns
As of now, BWO Stock is very steady. BW Offshore retains Efficiency (Sharpe Ratio) of 0.0231, which signifies that the company had a 0.0231% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for BW Offshore, which you can use to evaluate the volatility of the firm. Please confirm BW Offshore's Standard Deviation of 2.64, coefficient of variation of 11744.49, and Market Risk Adjusted Performance of 0.0333 to double-check if the risk estimate we provide is consistent with the expected return of 0.0614%. BW Offshore has a performance score of 1 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BW Offshore's returns are expected to increase less than the market. However, during the bear market, the loss of holding BW Offshore is expected to be smaller as well. BW Offshore today owns a risk of 2.66%. Please confirm BW Offshore sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if BW Offshore will be following its current price history.
Auto-correlation | 0.06 |
Virtually no predictability
BW Offshore has virtually no predictability. Overlapping area represents the amount of predictability between BW Offshore 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 BW Offshore price movement. The serial correlation of 0.06 indicates that barely 6.0% of current BW Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
BW Offshore lagged returns against current returns
Autocorrelation, which is BW Offshore 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 BW Offshore's stock expected returns. We can calculate the autocorrelation of BW Offshore returns to help us make a trade decision. For example, suppose you find that BW Offshore 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 |
BW Offshore 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 BW Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BW Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BW Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
BW Offshore Lagged Returns
When evaluating BW Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BW Offshore stock have on its future price. BW Offshore 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, BW Offshore autocorrelation shows the relationship between BW Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in BW Offshore.
Regressed Prices |
| Timeline |
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BW Offshore financial ratios help investors to determine whether BWO 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 BWO with respect to the benefits of owning BW Offshore security.