Borgestad (Norway) Market Value
| BOR Stock | NOK 18.40 0.10 0.54% |
| Symbol | Borgestad |
Borgestad '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 Borgestad'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 Borgestad.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Borgestad on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Borgestad A or generate 0.0% return on investment in Borgestad over 30 days. Borgestad is related to or competes with Goodtech, Havila Shipping, Eidesvik Offshore, Byggma, and Odfjell SE. Borgestad ASA develops, manufactures, distributes, and installs refractory products in Norway More
Borgestad 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 Borgestad'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 Borgestad A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.1132 | |||
| Maximum Drawdown | 12.13 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 4.78 |
Borgestad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Borgestad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Borgestad's standard deviation. In reality, there are many statistical measures that can use Borgestad historical prices to predict the future Borgestad's volatility.| Risk Adjusted Performance | 0.125 | |||
| Jensen Alpha | 0.3451 | |||
| Total Risk Alpha | 0.0851 | |||
| Sortino Ratio | 0.1428 | |||
| Treynor Ratio | (1.99) |
Borgestad A Backtested Returns
As of now, Borgestad Stock is not too volatile. Borgestad A secures Sharpe Ratio (or Efficiency) of 0.0901, which signifies that the company had a 0.0901% return per unit of risk over the last 3 months. We have found thirty technical indicators for Borgestad A, which you can use to evaluate the volatility of the firm. Please confirm Borgestad's Risk Adjusted Performance of 0.125, mean deviation of 1.46, and Downside Deviation of 1.72 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Borgestad has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Borgestad are expected to decrease at a much lower rate. During the bear market, Borgestad is likely to outperform the market. Borgestad A right now shows a risk of 1.93%. Please confirm Borgestad A sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Borgestad A will be following its price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Borgestad A has weak reverse predictability. Overlapping area represents the amount of predictability between Borgestad time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Borgestad A price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Borgestad price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Borgestad A lagged returns against current returns
Autocorrelation, which is Borgestad 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 Borgestad's stock expected returns. We can calculate the autocorrelation of Borgestad returns to help us make a trade decision. For example, suppose you find that Borgestad 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 |
Borgestad 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 Borgestad stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Borgestad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Borgestad stock over time.
Current vs Lagged Prices |
| Timeline |
Borgestad Lagged Returns
When evaluating Borgestad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Borgestad stock have on its future price. Borgestad 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, Borgestad autocorrelation shows the relationship between Borgestad stock current value and its past values and can show if there is a momentum factor associated with investing in Borgestad A.
Regressed Prices |
| Timeline |
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Borgestad financial ratios help investors to determine whether Borgestad 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 Borgestad with respect to the benefits of owning Borgestad security.