Polight ASA (Norway) Market Value
| PLT Stock | 4.39 0.12 2.66% |
| Symbol | Polight |
Polight 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 Polight 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 Polight ASA.
| 05/06/2025 |
| 08/04/2025 |
If you would invest 0.00 in Polight ASA on May 6, 2025 and sell it all today you would earn a total of 0.00 from holding Polight ASA or generate 0.0% return on investment in Polight ASA over 90 days. Polight ASA is related to or competes with Elliptic Laboratories, Kongsberg Automotive, and REC Silicon. More
Polight 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 Polight 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 Polight ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.0279 | |||
| Maximum Drawdown | 30.18 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 5.26 |
Polight ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polight ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polight ASA's standard deviation. In reality, there are many statistical measures that can use Polight ASA historical prices to predict the future Polight ASA's volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | 0.2277 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0397 | |||
| Treynor Ratio | (3.87) |
Polight ASA Backtested Returns
As of now, Polight Stock is unstable. Polight ASA maintains Sharpe Ratio (i.e., Efficiency) of 0.0353, which implies the firm had a 0.0353 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Polight ASA, which you can use to evaluate the volatility of the company. Please check Polight ASA's Semi Deviation of 2.74, risk adjusted performance of 0.0512, and Coefficient Of Variation of 1826.79 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Polight ASA has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of -0.0573, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Polight ASA are expected to decrease at a much lower rate. During the bear market, Polight ASA is likely to outperform the market. Polight ASA right now holds a risk of 4.28%. Please check Polight ASA sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Polight ASA will be following its historical price patterns.
Auto-correlation | -0.51 |
Good reverse predictability
Polight ASA has good reverse predictability. Overlapping area represents the amount of predictability between Polight ASA time series from 6th of May 2025 to 20th of June 2025 and 20th of June 2025 to 4th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Polight ASA price movement. The serial correlation of -0.51 indicates that about 51.0% of current Polight ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Polight ASA lagged returns against current returns
Autocorrelation, which is Polight 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 Polight ASA's stock expected returns. We can calculate the autocorrelation of Polight ASA returns to help us make a trade decision. For example, suppose you find that Polight 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 |
Polight 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 Polight ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polight ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polight ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Polight ASA Lagged Returns
When evaluating Polight ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polight ASA stock have on its future price. Polight 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, Polight ASA autocorrelation shows the relationship between Polight ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Polight ASA.
Regressed Prices |
| Timeline |
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Polight ASA financial ratios help investors to determine whether Polight 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 Polight with respect to the benefits of owning Polight ASA security.