SmartCraft ASA (Norway) Market Value
| SMCRT Stock | 29.40 0.80 2.65% |
| Symbol | SmartCraft |
SmartCraft 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 SmartCraft 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 SmartCraft ASA.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in SmartCraft ASA on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding SmartCraft ASA or generate 0.0% return on investment in SmartCraft ASA over 30 days.
SmartCraft 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 SmartCraft 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 SmartCraft ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.66 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 3.97 |
SmartCraft ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SmartCraft ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SmartCraft ASA's standard deviation. In reality, there are many statistical measures that can use SmartCraft ASA historical prices to predict the future SmartCraft ASA's volatility.| Risk Adjusted Performance | 0.0169 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0384 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SmartCraft ASA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SmartCraft ASA Backtested Returns
As of now, SmartCraft Stock is not too volatile. SmartCraft ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0213, which indicates the firm had a 0.0213% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SmartCraft ASA, which you can use to evaluate the volatility of the company. Please validate SmartCraft ASA's Coefficient Of Variation of 7511.18, risk adjusted performance of 0.0169, and Semi Deviation of 2.7 to confirm if the risk estimate we provide is consistent with the expected return of 0.0582%. SmartCraft ASA has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SmartCraft ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding SmartCraft ASA is expected to be smaller as well. SmartCraft ASA right now has a risk of 2.73%. Please validate SmartCraft ASA downside variance, and the relationship between the total risk alpha and daily balance of power , to decide if SmartCraft ASA will be following its existing price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
SmartCraft ASA has very good reverse predictability. Overlapping area represents the amount of predictability between SmartCraft ASA time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 SmartCraft ASA price movement. The serial correlation of -0.67 indicates that around 67.0% of current SmartCraft ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
SmartCraft ASA lagged returns against current returns
Autocorrelation, which is SmartCraft 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 SmartCraft ASA's stock expected returns. We can calculate the autocorrelation of SmartCraft ASA returns to help us make a trade decision. For example, suppose you find that SmartCraft 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 |
SmartCraft 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 SmartCraft ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SmartCraft ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SmartCraft ASA stock over time.
Current vs Lagged Prices |
| Timeline |
SmartCraft ASA Lagged Returns
When evaluating SmartCraft ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SmartCraft ASA stock have on its future price. SmartCraft 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, SmartCraft ASA autocorrelation shows the relationship between SmartCraft ASA stock current value and its past values and can show if there is a momentum factor associated with investing in SmartCraft ASA.
Regressed Prices |
| Timeline |
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