Deep Value (Norway) Market Value
| DVD Stock | NOK 15.48 0.04 0.26% |
| Symbol | Deep |
Deep Value '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 Deep Value'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 Deep Value.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Deep Value on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Deep Value Driller or generate 0.0% return on investment in Deep Value over 720 days. Deep Value is related to or competes with Borr Drilling, Odfjell Drilling, Shelf Drilling, Northern Ocean, Odfjell Technology, and Dolphin Drilling. Deep Value Driller AS focuses on acquiring, investing, and operating drill vessels in Norway More
Deep Value 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 Deep Value'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 Deep Value Driller upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.19 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 2.86 |
Deep Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deep Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deep Value's standard deviation. In reality, there are many statistical measures that can use Deep Value historical prices to predict the future Deep Value's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (6.98) |
Deep Value Driller Backtested Returns
Deep Value Driller secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of standard deviation over the last 3 months. Deep Value Driller exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deep Value's Coefficient Of Variation of (882.36), mean deviation of 1.47, and Standard Deviation of 2.2 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0372, which means not very significant fluctuations relative to the market. As returns on the market increase, Deep Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deep Value is expected to be smaller as well. At this point, Deep Value Driller has a negative expected return of -0.26%. Please make sure to confirm Deep Value's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Deep Value Driller performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Deep Value Driller has very weak reverse predictability. Overlapping area represents the amount of predictability between Deep Value time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Deep Value Driller price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Deep Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 4.42 |
Deep Value Driller lagged returns against current returns
Autocorrelation, which is Deep Value 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 Deep Value's stock expected returns. We can calculate the autocorrelation of Deep Value returns to help us make a trade decision. For example, suppose you find that Deep Value 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 |
Deep Value 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 Deep Value stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deep Value stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deep Value stock over time.
Current vs Lagged Prices |
| Timeline |
Deep Value Lagged Returns
When evaluating Deep Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deep Value stock have on its future price. Deep Value 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, Deep Value autocorrelation shows the relationship between Deep Value stock current value and its past values and can show if there is a momentum factor associated with investing in Deep Value Driller.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Deep Stock
Deep Value financial ratios help investors to determine whether Deep 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 Deep with respect to the benefits of owning Deep Value security.