Sparebanken Ost (Norway) Market Value
| SPOG Stock | NOK 65.10 1.65 2.47% |
| Symbol | Sparebanken |
Sparebanken Ost '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 Sparebanken Ost'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 Sparebanken Ost.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sparebanken Ost on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sparebanken Ost or generate 0.0% return on investment in Sparebanken Ost over 30 days. Sparebanken Ost is related to or competes with Skue Sparebank, Clean Seas, 5Th Planet, Romerike Sparebank, and Sogn Sparebank. Sparebanken st operates as a savings bank in Eastern Norway More
Sparebanken Ost 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 Sparebanken Ost'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 Sparebanken Ost upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.75 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 2.41 |
Sparebanken Ost Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparebanken Ost's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparebanken Ost's standard deviation. In reality, there are many statistical measures that can use Sparebanken Ost historical prices to predict the future Sparebanken Ost's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.0691 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.4244 |
Sparebanken Ost Backtested Returns
As of now, Sparebanken Stock is very steady. Sparebanken Ost owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0858, which indicates the firm had a 0.0858% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sparebanken Ost, which you can use to evaluate the volatility of the company. Please validate Sparebanken Ost's Coefficient Of Variation of 1303.37, semi deviation of 1.18, and Risk Adjusted Performance of 0.0633 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Sparebanken Ost has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sparebanken Ost's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparebanken Ost is expected to be smaller as well. Sparebanken Ost right now has a risk of 1.41%. Please validate Sparebanken Ost coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Sparebanken Ost will be following its existing price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Sparebanken Ost has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sparebanken Ost time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Sparebanken Ost price movement. The serial correlation of -0.72 indicates that around 72.0% of current Sparebanken Ost price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 |
Sparebanken Ost lagged returns against current returns
Autocorrelation, which is Sparebanken Ost 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 Sparebanken Ost's stock expected returns. We can calculate the autocorrelation of Sparebanken Ost returns to help us make a trade decision. For example, suppose you find that Sparebanken Ost 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 |
Sparebanken Ost 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 Sparebanken Ost stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparebanken Ost stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparebanken Ost stock over time.
Current vs Lagged Prices |
| Timeline |
Sparebanken Ost Lagged Returns
When evaluating Sparebanken Ost's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparebanken Ost stock have on its future price. Sparebanken Ost 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, Sparebanken Ost autocorrelation shows the relationship between Sparebanken Ost stock current value and its past values and can show if there is a momentum factor associated with investing in Sparebanken Ost.
Regressed Prices |
| Timeline |
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Sparebanken Ost financial ratios help investors to determine whether Sparebanken 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 Sparebanken with respect to the benefits of owning Sparebanken Ost security.