SalMar ASA (Germany) Market Value
| JEP Stock | EUR 49.40 0.08 0.16% |
| Symbol | SalMar |
SalMar 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 SalMar 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 SalMar ASA.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in SalMar ASA on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding SalMar ASA or generate 0.0% return on investment in SalMar ASA over 30 days. SalMar ASA is related to or competes with SHIN-ETSU CHEMICAL, SEKISUI CHEMICAL, TROPHY GAMES, Sanyo Chemical, PENN NATL, FRACTAL GAMING, and KINGBOARD CHEMICAL. SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of... More
SalMar 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 SalMar 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 SalMar ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.18 |
SalMar ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SalMar ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SalMar ASA's standard deviation. In reality, there are many statistical measures that can use SalMar ASA historical prices to predict the future SalMar ASA's volatility.| Risk Adjusted Performance | 0.0444 | |||
| Jensen Alpha | 0.0347 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2386 |
SalMar ASA Backtested Returns
At this point, SalMar ASA is very steady. SalMar ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0561, which indicates the firm had a 0.0561% return per unit of risk over the last 3 months. We have found thirty technical indicators for SalMar ASA, which you can use to evaluate the volatility of the company. Please validate SalMar ASA's Semi Deviation of 1.45, risk adjusted performance of 0.0444, and Coefficient Of Variation of 1961.03 to confirm if the risk estimate we provide is consistent with the expected return of 0.0936%. SalMar ASA has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SalMar ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding SalMar ASA is expected to be smaller as well. SalMar ASA right now has a risk of 1.67%. Please validate SalMar ASA jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to decide if SalMar ASA will be following its existing price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
SalMar ASA has poor reverse predictability. Overlapping area represents the amount of predictability between SalMar ASA time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 SalMar ASA price movement. The serial correlation of -0.37 indicates that just about 37.0% of current SalMar ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.98 |
SalMar ASA lagged returns against current returns
Autocorrelation, which is SalMar 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 SalMar ASA's stock expected returns. We can calculate the autocorrelation of SalMar ASA returns to help us make a trade decision. For example, suppose you find that SalMar 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 |
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SalMar 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 SalMar ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SalMar ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SalMar ASA stock over time.
Current vs Lagged Prices |
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SalMar ASA Lagged Returns
When evaluating SalMar ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SalMar ASA stock have on its future price. SalMar 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, SalMar ASA autocorrelation shows the relationship between SalMar ASA stock current value and its past values and can show if there is a momentum factor associated with investing in SalMar ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SalMar Stock
SalMar ASA financial ratios help investors to determine whether SalMar 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 SalMar with respect to the benefits of owning SalMar ASA security.