Scana ASA (Norway) Market Value
| SCANA Stock | NOK 2.82 0.01 0.36% |
| Symbol | Scana |
Scana 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 Scana 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 Scana ASA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Scana ASA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Scana ASA or generate 0.0% return on investment in Scana ASA over 30 days. Scana ASA is related to or competes with Magnora ASA, Solstad Offsho, REC Silicon, and Endur ASA. Scana ASA, an industrial investment company, provides equipment and services to the marine industry More
Scana 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 Scana 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 Scana ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | 0.0175 | |||
| Maximum Drawdown | 19.0 | |||
| Value At Risk | (4.87) | |||
| Potential Upside | 6.44 |
Scana ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scana ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scana ASA's standard deviation. In reality, there are many statistical measures that can use Scana ASA historical prices to predict the future Scana ASA's volatility.| Risk Adjusted Performance | 0.0491 | |||
| Jensen Alpha | 0.1319 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0228 | |||
| Treynor Ratio | 0.4622 |
Scana ASA Backtested Returns
Scana ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0616, which indicates the firm had a -0.0616% return per unit of risk over the last 3 months. Scana ASA exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scana ASA's Risk Adjusted Performance of 0.0491, coefficient of variation of 1854.64, and Semi Deviation of 2.53 to confirm the risk estimate we provide. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scana ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scana ASA is expected to be smaller as well. At this point, Scana ASA has a negative expected return of -0.17%. Please make sure to validate Scana ASA's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Scana ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Scana ASA has very weak reverse predictability. Overlapping area represents the amount of predictability between Scana ASA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Scana ASA price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Scana ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Scana ASA lagged returns against current returns
Autocorrelation, which is Scana 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 Scana ASA's stock expected returns. We can calculate the autocorrelation of Scana ASA returns to help us make a trade decision. For example, suppose you find that Scana 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 |
| Timeline |
Scana 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 Scana ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scana ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scana ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Scana ASA Lagged Returns
When evaluating Scana ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scana ASA stock have on its future price. Scana 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, Scana ASA autocorrelation shows the relationship between Scana ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Scana ASA.
Regressed Prices |
| Timeline |
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Scana ASA financial ratios help investors to determine whether Scana 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 Scana with respect to the benefits of owning Scana ASA security.