Multiconsult (Norway) Market Value

MULTI Stock  NOK 193.00  2.50  1.31%   
Multiconsult's market value is the price at which a share of Multiconsult trades on a public exchange. It measures the collective expectations of Multiconsult AS investors about its performance. Multiconsult is selling at 193.00 as of the 24th of December 2024; that is 1.31 percent up since the beginning of the trading day. The stock's open price was 190.5.
With this module, you can estimate the performance of a buy and hold strategy of Multiconsult AS and determine expected loss or profit from investing in Multiconsult over a given investment horizon. Check out Multiconsult Correlation, Multiconsult Volatility and Multiconsult Alpha and Beta module to complement your research on Multiconsult.
Symbol

Please note, there is a significant difference between Multiconsult's value and its price as these two are different measures arrived at by different means. Investors typically determine if Multiconsult is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Multiconsult's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Multiconsult '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 Multiconsult'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 Multiconsult.
0.00
11/24/2024
No Change 0.00  0.0 
In 30 days
12/24/2024
0.00
If you would invest  0.00  in Multiconsult on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Multiconsult AS or generate 0.0% return on investment in Multiconsult over 30 days. Multiconsult is related to or competes with Kitron ASA, Veidekke ASA, Europris ASA, AF Gruppen, and Kid ASA. Multiconsult ASA provides engineering design, consultancy, and architecture services in the Norway and internationally More

Multiconsult 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 Multiconsult'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 Multiconsult AS upside and downside potential and time the market with a certain degree of confidence.

Multiconsult Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Multiconsult's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multiconsult's standard deviation. In reality, there are many statistical measures that can use Multiconsult historical prices to predict the future Multiconsult's volatility.
Hype
Prediction
LowEstimatedHigh
191.93193.00194.07
Details
Intrinsic
Valuation
LowRealHigh
178.42179.49212.30
Details

Multiconsult AS Backtested Returns

As of now, Multiconsult Stock is very steady. Multiconsult AS has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Multiconsult, which you can use to evaluate the volatility of the firm. Please verify Multiconsult's Mean Deviation of 0.7887, risk adjusted performance of 0.0584, and Downside Deviation of 0.9791 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Multiconsult has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Multiconsult's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multiconsult is expected to be smaller as well. Multiconsult AS right now secures a risk of 1.07%. Please verify Multiconsult AS semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Multiconsult AS will be following its current price movements.

Auto-correlation

    
  -0.54  

Good reverse predictability

Multiconsult AS has good reverse predictability. Overlapping area represents the amount of predictability between Multiconsult time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Multiconsult AS price movement. The serial correlation of -0.54 indicates that about 54.0% of current Multiconsult price fluctuation can be explain by its past prices.
Correlation Coefficient-0.54
Spearman Rank Test-0.57
Residual Average0.0
Price Variance0.93

Multiconsult AS lagged returns against current returns

Autocorrelation, which is Multiconsult 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 Multiconsult's stock expected returns. We can calculate the autocorrelation of Multiconsult returns to help us make a trade decision. For example, suppose you find that Multiconsult 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  

Multiconsult 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 Multiconsult stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multiconsult stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multiconsult stock over time.
   Current vs Lagged Prices   
       Timeline  

Multiconsult Lagged Returns

When evaluating Multiconsult's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multiconsult stock have on its future price. Multiconsult 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, Multiconsult autocorrelation shows the relationship between Multiconsult stock current value and its past values and can show if there is a momentum factor associated with investing in Multiconsult AS.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Multiconsult Stock

Multiconsult financial ratios help investors to determine whether Multiconsult 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 Multiconsult with respect to the benefits of owning Multiconsult security.