Austevoll Seafood (Norway) Market Value
| AUSS Stock | NOK 83.10 1.75 2.15% |
| Symbol | Austevoll |
Austevoll Seafood '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 Austevoll Seafood'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 Austevoll Seafood.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Austevoll Seafood on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Austevoll Seafood ASA or generate 0.0% return on investment in Austevoll Seafood over 330 days. Austevoll Seafood is related to or competes with Telenor ASA, DnB ASA, Yara International, Storebrand ASA, and Gjensidige Forsikring. Austevoll Seafood ASA, a seafood company, engages in the salmon, white fish, and pelagic businesses in Norway, Europe, A... More
Austevoll Seafood 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 Austevoll Seafood'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 Austevoll Seafood ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.69 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.19 |
Austevoll Seafood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Austevoll Seafood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Austevoll Seafood's standard deviation. In reality, there are many statistical measures that can use Austevoll Seafood historical prices to predict the future Austevoll Seafood's volatility.| Risk Adjusted Performance | 0.0087 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Austevoll Seafood'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.
Austevoll Seafood ASA Backtested Returns
We consider Austevoll Seafood very steady. Austevoll Seafood ASA secures Sharpe Ratio (or Efficiency) of 0.0124, which signifies that the company had a 0.0124% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Austevoll Seafood ASA, which you can use to evaluate the volatility of the firm. Please confirm Austevoll Seafood's Risk Adjusted Performance of 0.0087, downside deviation of 1.56, and Mean Deviation of 1.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.0211%. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Austevoll Seafood's returns are expected to increase less than the market. However, during the bear market, the loss of holding Austevoll Seafood is expected to be smaller as well. Austevoll Seafood ASA right now shows a risk of 1.7%. Please confirm Austevoll Seafood ASA sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Austevoll Seafood ASA will be following its price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Austevoll Seafood ASA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Austevoll Seafood time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th of April 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 Austevoll Seafood ASA price movement. The serial correlation of -0.16 indicates that over 16.0% of current Austevoll Seafood price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 18.45 |
Austevoll Seafood ASA lagged returns against current returns
Autocorrelation, which is Austevoll Seafood 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 Austevoll Seafood's stock expected returns. We can calculate the autocorrelation of Austevoll Seafood returns to help us make a trade decision. For example, suppose you find that Austevoll Seafood 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 |
Austevoll Seafood 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 Austevoll Seafood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Austevoll Seafood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Austevoll Seafood stock over time.
Current vs Lagged Prices |
| Timeline |
Austevoll Seafood Lagged Returns
When evaluating Austevoll Seafood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Austevoll Seafood stock have on its future price. Austevoll Seafood 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, Austevoll Seafood autocorrelation shows the relationship between Austevoll Seafood stock current value and its past values and can show if there is a momentum factor associated with investing in Austevoll Seafood ASA.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Austevoll Seafood in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Austevoll Seafood's short interest history, or implied volatility extrapolated from Austevoll Seafood options trading.
Pair Trading with Austevoll Seafood
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Austevoll Seafood position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Austevoll Seafood will appreciate offsetting losses from the drop in the long position's value.Moving together with Austevoll Stock
| 0.71 | DNB | DnB ASA Earnings Call This Week | PairCorr |
| 0.61 | EQNR | Equinor ASA Earnings Call This Week | PairCorr |
Moving against Austevoll Stock
| 0.62 | AKH | Aker Horizons AS | PairCorr |
The ability to find closely correlated positions to Austevoll Seafood could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Austevoll Seafood when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Austevoll Seafood - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Austevoll Seafood ASA to buy it.
The correlation of Austevoll Seafood is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Austevoll Seafood moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Austevoll Seafood ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Austevoll Seafood can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Austevoll Seafood Correlation, Austevoll Seafood Volatility and Austevoll Seafood Alpha and Beta module to complement your research on Austevoll Seafood. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Austevoll Seafood's price analysis, check to measure Austevoll Seafood's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Austevoll Seafood is operating at the current time. Most of Austevoll Seafood's value examination focuses on studying past and present price action to predict the probability of Austevoll Seafood's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Austevoll Seafood's price. Additionally, you may evaluate how the addition of Austevoll Seafood to your portfolios can decrease your overall portfolio volatility.
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Austevoll Seafood technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.