Morrow Bank (Norway) Market Value
| MOBA Stock | 8.54 0.06 0.70% |
| Symbol | Morrow |
Morrow Bank '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 Morrow Bank'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 Morrow Bank.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Morrow Bank on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Morrow Bank ASA or generate 0.0% return on investment in Morrow Bank over 720 days.
Morrow Bank 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 Morrow Bank'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 Morrow Bank ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.1594 | |||
| Maximum Drawdown | 9.13 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 4.12 |
Morrow Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Morrow Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Morrow Bank's standard deviation. In reality, there are many statistical measures that can use Morrow Bank historical prices to predict the future Morrow Bank's volatility.| Risk Adjusted Performance | 0.1813 | |||
| Jensen Alpha | 0.393 | |||
| Total Risk Alpha | 0.1128 | |||
| Sortino Ratio | 0.1986 | |||
| Treynor Ratio | 1.15 |
Morrow Bank ASA Backtested Returns
Morrow Bank appears to be not too volatile, given 3 months investment horizon. Morrow Bank ASA has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Morrow Bank, which you can use to evaluate the volatility of the firm. Please exercise Morrow Bank's Mean Deviation of 1.39, risk adjusted performance of 0.1813, and Downside Deviation of 1.58 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Morrow Bank holds a performance score of 17. The company secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Morrow Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Morrow Bank is expected to be smaller as well. Please check Morrow Bank's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Morrow Bank's current price movements will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Morrow Bank ASA has excellent reverse predictability. Overlapping area represents the amount of predictability between Morrow Bank time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Morrow Bank ASA price movement. The serial correlation of -0.82 indicates that around 82.0% of current Morrow Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Morrow Bank ASA lagged returns against current returns
Autocorrelation, which is Morrow Bank 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 Morrow Bank's stock expected returns. We can calculate the autocorrelation of Morrow Bank returns to help us make a trade decision. For example, suppose you find that Morrow Bank 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 |
Morrow Bank 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 Morrow Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Morrow Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Morrow Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Morrow Bank Lagged Returns
When evaluating Morrow Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Morrow Bank stock have on its future price. Morrow Bank 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, Morrow Bank autocorrelation shows the relationship between Morrow Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Morrow Bank ASA.
Regressed Prices |
| Timeline |
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