SpareBank (Norway) Performance
| SB1NO Stock | 143.60 0.60 0.42% |
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.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in SpareBank 1 Sr Norge are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of very conflicting basic indicators, SpareBank may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
SpareBank |
SpareBank Relative Risk vs. Return Landscape
If you would invest 13,320 in SpareBank 1 Sr Norge on September 26, 2024 and sell it today you would earn a total of 1,040 from holding SpareBank 1 Sr Norge or generate 7.81% return on investment over 90 days. SpareBank 1 Sr Norge is generating 0.1238% of daily returns and assumes 1.1318% volatility on return distribution over the 90 days horizon. Simply put, 10% of stocks are less volatile than SpareBank, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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SpareBank Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SpareBank's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as SpareBank 1 Sr Norge, and traders can use it to determine the average amount a SpareBank's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1094
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Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average SpareBank is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SpareBank by adding it to a well-diversified portfolio.
Things to note about SpareBank 1 Sr performance evaluation
Checking the ongoing alerts about SpareBank for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for SpareBank 1 Sr help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating SpareBank's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate SpareBank's stock performance include:- Analyzing SpareBank's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether SpareBank's stock is overvalued or undervalued compared to its peers.
- Examining SpareBank's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating SpareBank's management team can have a significant impact on its success or failure. Reviewing the track record and experience of SpareBank's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of SpareBank's stock. These opinions can provide insight into SpareBank's potential for growth and whether the stock is currently undervalued or overvalued.