SpareBank (Norway) Market Value
| SB1NO Stock | 143.60 0.60 0.42% |
| Symbol | SpareBank |
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 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 SpareBank.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in SpareBank on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding SpareBank 1 Sr Norge or generate 0.0% return on investment in SpareBank over 30 days.
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 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 SpareBank 1 Sr Norge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0545 | |||
| Maximum Drawdown | 6.76 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.68 |
SpareBank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SpareBank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SpareBank's standard deviation. In reality, there are many statistical measures that can use SpareBank historical prices to predict the future SpareBank's volatility.| Risk Adjusted Performance | 0.078 | |||
| Jensen Alpha | 0.086 | |||
| Total Risk Alpha | 0.0473 | |||
| Sortino Ratio | 0.0522 | |||
| Treynor Ratio | 0.3136 |
SpareBank 1 Sr Backtested Returns
As of now, SpareBank Stock is very steady. SpareBank 1 Sr owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SpareBank 1 Sr Norge, which you can use to evaluate the volatility of the company. Please validate SpareBank's Coefficient Of Variation of 1065.09, semi deviation of 1.05, and Risk Adjusted Performance of 0.078 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. SpareBank has a performance score of 8 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, SpareBank's returns are expected to increase less than the market. However, during the bear market, the loss of holding SpareBank is expected to be smaller as well. SpareBank 1 Sr right now has a risk of 1.13%. Please validate SpareBank downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if SpareBank will be following its existing price patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
SpareBank 1 Sr Norge has weak reverse predictability. Overlapping area represents the amount of predictability between SpareBank time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 SpareBank 1 Sr price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current SpareBank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 2.82 |
SpareBank 1 Sr lagged returns against current returns
Autocorrelation, which is 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 SpareBank's stock expected returns. We can calculate the autocorrelation of SpareBank returns to help us make a trade decision. For example, suppose you find that 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 |
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 SpareBank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SpareBank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SpareBank stock over time.
Current vs Lagged Prices |
| Timeline |
SpareBank Lagged Returns
When evaluating SpareBank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SpareBank stock have on its future price. 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, SpareBank autocorrelation shows the relationship between SpareBank stock current value and its past values and can show if there is a momentum factor associated with investing in SpareBank 1 Sr Norge.
Regressed Prices |
| Timeline |
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