Elopak AS (Norway) Market Value
| ELO Stock | 44.80 0.70 1.59% |
| Symbol | Elopak |
Elopak AS '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 Elopak AS'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 Elopak AS.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Elopak AS on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Elopak AS or generate 0.0% return on investment in Elopak AS over 30 days. Elopak AS is related to or competes with Elkem ASA, Norske Skog, Kitron ASA, Europris ASA, and Entra ASA. More
Elopak AS 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 Elopak AS'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 Elopak AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.85 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.35 |
Elopak AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elopak AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elopak AS's standard deviation. In reality, there are many statistical measures that can use Elopak AS historical prices to predict the future Elopak AS's volatility.| Risk Adjusted Performance | 0.0321 | |||
| Jensen Alpha | 0.0507 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.97) |
Elopak AS Backtested Returns
As of now, Elopak Stock is very steady. Elopak AS secures Sharpe Ratio (or Efficiency) of 0.042, which denotes the company had a 0.042% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Elopak AS, which you can use to evaluate the volatility of the firm. Please confirm Elopak AS's Mean Deviation of 1.24, downside deviation of 1.43, and Coefficient Of Variation of 2703.56 to check if the risk estimate we provide is consistent with the expected return of 0.0638%. Elopak AS has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0475, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elopak AS are expected to decrease at a much lower rate. During the bear market, Elopak AS is likely to outperform the market. Elopak AS right now shows a risk of 1.52%. Please confirm Elopak AS downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Elopak AS will be following its price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Elopak AS has modest reverse predictability. Overlapping area represents the amount of predictability between Elopak AS time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Elopak AS price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Elopak AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Elopak AS lagged returns against current returns
Autocorrelation, which is Elopak AS 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 Elopak AS's stock expected returns. We can calculate the autocorrelation of Elopak AS returns to help us make a trade decision. For example, suppose you find that Elopak AS 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 |
Elopak AS 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 Elopak AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elopak AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elopak AS stock over time.
Current vs Lagged Prices |
| Timeline |
Elopak AS Lagged Returns
When evaluating Elopak AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elopak AS stock have on its future price. Elopak AS 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, Elopak AS autocorrelation shows the relationship between Elopak AS stock current value and its past values and can show if there is a momentum factor associated with investing in Elopak AS.
Regressed Prices |
| Timeline |
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Elopak AS financial ratios help investors to determine whether Elopak 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 Elopak with respect to the benefits of owning Elopak AS security.