Holand Og (Norway) Market Value
| HSPG Stock | NOK 131.50 0.26 0.20% |
| Symbol | Holand |
Holand Og '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 Holand Og'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 Holand Og.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Holand Og on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Holand og Setskog or generate 0.0% return on investment in Holand Og over 30 days. Holand Og is related to or competes with Sparebank, Sparebanken Vest, Storebrand ASA, and Gjensidige Forsikring. Hland og Setskog Sparebank, a savings bank, provides banking products and services to private and business clients More
Holand Og 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 Holand Og'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 Holand og Setskog upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.31 | |||
| Information Ratio | 0.0331 | |||
| Maximum Drawdown | 27.59 | |||
| Value At Risk | (6.26) | |||
| Potential Upside | 5.47 |
Holand Og Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Holand Og's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Holand Og's standard deviation. In reality, there are many statistical measures that can use Holand Og historical prices to predict the future Holand Og's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | 0.1729 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0189 | |||
| Treynor Ratio | (0.29) |
Holand og Setskog Backtested Returns
Holand Og appears to be very steady, given 3 months investment horizon. Holand og Setskog holds Efficiency (Sharpe) Ratio of 0.0572, which attests that the entity had a 0.0572% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Holand og Setskog, which you can use to evaluate the volatility of the firm. Please utilize Holand Og's Market Risk Adjusted Performance of (0.28), downside deviation of 6.31, and Risk Adjusted Performance of 0.0442 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Holand Og holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Holand Og are expected to decrease at a much lower rate. During the bear market, Holand Og is likely to outperform the market. Please check Holand Og's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Holand Og's current trending patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Holand og Setskog has good predictability. Overlapping area represents the amount of predictability between Holand Og time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Holand og Setskog price movement. The serial correlation of 0.76 indicates that around 76.0% of current Holand Og price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 36.01 |
Holand og Setskog lagged returns against current returns
Autocorrelation, which is Holand Og 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 Holand Og's stock expected returns. We can calculate the autocorrelation of Holand Og returns to help us make a trade decision. For example, suppose you find that Holand Og 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 |
Holand Og 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 Holand Og stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Holand Og stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Holand Og stock over time.
Current vs Lagged Prices |
| Timeline |
Holand Og Lagged Returns
When evaluating Holand Og's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Holand Og stock have on its future price. Holand Og 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, Holand Og autocorrelation shows the relationship between Holand Og stock current value and its past values and can show if there is a momentum factor associated with investing in Holand og Setskog.
Regressed Prices |
| Timeline |
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Holand Og financial ratios help investors to determine whether Holand 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 Holand with respect to the benefits of owning Holand Og security.