Jaeren Sparebank (Norway) Market Value
| JAREN Stock | NOK 323.95 5.05 1.58% |
| Symbol | Jaeren |
Jaeren Sparebank '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 Jaeren Sparebank'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 Jaeren Sparebank.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Jaeren Sparebank on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Jaeren Sparebank or generate 0.0% return on investment in Jaeren Sparebank over 360 days. Jaeren Sparebank is related to or competes with Austevoll Seafood, Clean Seas, Odfjell Drilling, Arcticzymes Technologies, Xplora Technologies, and Odfjell Technology. Jren Sparebank provides various financial products and services in Norway More
Jaeren Sparebank 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 Jaeren Sparebank'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 Jaeren Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.07 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.9 |
Jaeren Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jaeren Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jaeren Sparebank's standard deviation. In reality, there are many statistical measures that can use Jaeren Sparebank historical prices to predict the future Jaeren Sparebank's volatility.| Risk Adjusted Performance | 0.0534 | |||
| Jensen Alpha | 0.0952 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.30) |
Jaeren Sparebank Backtested Returns
As of now, Jaeren Stock is very steady. Jaeren Sparebank holds Efficiency (Sharpe) Ratio of 0.0672, which attests that the entity had a 0.0672% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jaeren Sparebank, which you can use to evaluate the volatility of the firm. Please check out Jaeren Sparebank's Downside Deviation of 1.29, risk adjusted performance of 0.0534, and Market Risk Adjusted Performance of (0.29) to validate if the risk estimate we provide is consistent with the expected return of 0.0739%. Jaeren Sparebank has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jaeren Sparebank are expected to decrease at a much lower rate. During the bear market, Jaeren Sparebank is likely to outperform the market. Jaeren Sparebank right now retains a risk of 1.1%. Please check out Jaeren Sparebank value at risk, and the relationship between the jensen alpha and skewness , to decide if Jaeren Sparebank will be following its current trending patterns.
Auto-correlation | 0.78 |
Good predictability
Jaeren Sparebank has good predictability. Overlapping area represents the amount of predictability between Jaeren Sparebank 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 Jaeren Sparebank price movement. The serial correlation of 0.78 indicates that around 78.0% of current Jaeren Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 84.87 |
Jaeren Sparebank lagged returns against current returns
Autocorrelation, which is Jaeren Sparebank 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 Jaeren Sparebank's stock expected returns. We can calculate the autocorrelation of Jaeren Sparebank returns to help us make a trade decision. For example, suppose you find that Jaeren Sparebank 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 |
Jaeren Sparebank 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 Jaeren Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jaeren Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jaeren Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Jaeren Sparebank Lagged Returns
When evaluating Jaeren Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jaeren Sparebank stock have on its future price. Jaeren Sparebank 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, Jaeren Sparebank autocorrelation shows the relationship between Jaeren Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Jaeren Sparebank.
Regressed Prices |
| Timeline |
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Jaeren Sparebank financial ratios help investors to determine whether Jaeren 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 Jaeren with respect to the benefits of owning Jaeren Sparebank security.