Strongpoint ASA (Norway) Market Value
| STRO Stock | NOK 11.10 0.10 0.89% |
| Symbol | Strongpoint |
Strongpoint 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 Strongpoint 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 Strongpoint ASA.
| 05/19/2025 |
| 08/17/2025 |
If you would invest 0.00 in Strongpoint ASA on May 19, 2025 and sell it all today you would earn a total of 0.00 from holding Strongpoint ASA or generate 0.0% return on investment in Strongpoint ASA over 90 days. Strongpoint ASA is related to or competes with Kitron ASA, Norske Skog, Magnora ASA, Elkem ASA, and Arendals Fossekompani. StrongPoint ASA develops and sells technology solutions for e-commerce and store operations in Norway, Sweden, and inter... More
Strongpoint 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 Strongpoint 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 Strongpoint ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0342 | |||
| Maximum Drawdown | 15.8 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 3.02 |
Strongpoint ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strongpoint ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strongpoint ASA's standard deviation. In reality, there are many statistical measures that can use Strongpoint ASA historical prices to predict the future Strongpoint ASA's volatility.| Risk Adjusted Performance | 0.0648 | |||
| Jensen Alpha | 0.1452 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0372 | |||
| Treynor Ratio | 0.8537 |
Strongpoint ASA Backtested Returns
Strongpoint ASA appears to be not too volatile, given 3 months investment horizon. Strongpoint ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Strongpoint ASA, which you can use to evaluate the volatility of the company. Please review Strongpoint ASA's Coefficient Of Variation of 1224.32, semi deviation of 1.66, and Risk Adjusted Performance of 0.0648 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Strongpoint ASA holds a performance score of 8. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Strongpoint ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Strongpoint ASA is expected to be smaller as well. Please check Strongpoint ASA's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Strongpoint ASA's existing price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Strongpoint ASA has very good reverse predictability. Overlapping area represents the amount of predictability between Strongpoint ASA time series from 19th of May 2025 to 3rd of July 2025 and 3rd of July 2025 to 17th 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 Strongpoint ASA price movement. The serial correlation of -0.66 indicates that around 66.0% of current Strongpoint ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Strongpoint ASA lagged returns against current returns
Autocorrelation, which is Strongpoint 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 Strongpoint ASA's stock expected returns. We can calculate the autocorrelation of Strongpoint ASA returns to help us make a trade decision. For example, suppose you find that Strongpoint 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 |
Strongpoint 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 Strongpoint ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strongpoint ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strongpoint ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Strongpoint ASA Lagged Returns
When evaluating Strongpoint ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strongpoint ASA stock have on its future price. Strongpoint 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, Strongpoint ASA autocorrelation shows the relationship between Strongpoint ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Strongpoint ASA.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Prophet is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ProphetOther Information on Investing in Strongpoint Stock
Strongpoint ASA financial ratios help investors to determine whether Strongpoint 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 Strongpoint with respect to the benefits of owning Strongpoint ASA security.