Europris ASA (Norway) Market Value
| EPR Stock | NOK 68.10 0.30 0.44% |
| Symbol | Europris |
Europris ASA '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 Europris ASA'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 Europris ASA.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Europris ASA on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Europris ASA or generate 0.0% return on investment in Europris ASA over 360 days. Europris ASA is related to or competes with Storebrand ASA, XXL ASA, Orkla ASA, DnB ASA, and Kid ASA. Europris ASA operates as a discount variety retailer in Norway More
Europris ASA 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 Europris ASA'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 Europris ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.33 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 2.39 |
Europris ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Europris ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Europris ASA's standard deviation. In reality, there are many statistical measures that can use Europris ASA historical prices to predict the future Europris ASA's volatility.| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | 0.0459 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.57) |
Europris ASA Backtested Returns
As of now, Europris Stock is very steady. Europris ASA secures Sharpe Ratio (or Efficiency) of 0.0614, which denotes the company had a 0.0614% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Europris ASA, which you can use to evaluate the volatility of the firm. Please confirm Europris ASA's Coefficient Of Variation of 2620.71, mean deviation of 0.968, and Downside Deviation of 1.19 to check if the risk estimate we provide is consistent with the expected return of 0.0771%. Europris ASA has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0666, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Europris ASA are expected to decrease at a much lower rate. During the bear market, Europris ASA is likely to outperform the market. Europris ASA right now shows a risk of 1.26%. Please confirm Europris ASA semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Europris ASA will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Europris ASA has insignificant predictability. Overlapping area represents the amount of predictability between Europris ASA time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Europris ASA price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Europris ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 9.27 |
Europris ASA lagged returns against current returns
Autocorrelation, which is Europris ASA 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 Europris ASA's stock expected returns. We can calculate the autocorrelation of Europris ASA returns to help us make a trade decision. For example, suppose you find that Europris ASA 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 |
Europris ASA 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 Europris ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Europris ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Europris ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Europris ASA Lagged Returns
When evaluating Europris ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Europris ASA stock have on its future price. Europris ASA 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, Europris ASA autocorrelation shows the relationship between Europris ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Europris ASA.
Regressed Prices |
| Timeline |
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Europris ASA financial ratios help investors to determine whether Europris 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 Europris with respect to the benefits of owning Europris ASA security.