Aker BP (UK) Market Value
| 0M5J Stock | 226.15 1.79 0.79% |
| Symbol | Aker |
Aker BP '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 Aker BP'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 Aker BP.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Aker BP on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Aker BP ASA or generate 0.0% return on investment in Aker BP over 90 days. Aker BP is related to or competes with Porvair Plc, Air Products, Alaska Air, Oakley Capital, Fair Oaks, Ryanair Holdings, and Taylor Maritime. More
Aker BP 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 Aker BP'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 Aker BP ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.03 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 2.52 |
Aker BP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aker BP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aker BP's standard deviation. In reality, there are many statistical measures that can use Aker BP historical prices to predict the future Aker BP's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (13.87) |
Aker BP ASA Backtested Returns
Aker BP ASA secures Sharpe Ratio (or Efficiency) of -0.0536, which signifies that the company had a -0.0536% return per unit of standard deviation over the last 3 months. Aker BP ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aker BP's risk adjusted performance of (0.04), and Mean Deviation of 1.37 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0075, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aker BP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aker BP is expected to be smaller as well. At this point, Aker BP ASA has a negative expected return of -0.094%. Please make sure to confirm Aker BP's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Aker BP ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Aker BP ASA has modest predictability. Overlapping area represents the amount of predictability between Aker BP time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Aker BP ASA price movement. The serial correlation of 0.51 indicates that about 51.0% of current Aker BP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 11.59 |
Aker BP ASA lagged returns against current returns
Autocorrelation, which is Aker BP 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 Aker BP's stock expected returns. We can calculate the autocorrelation of Aker BP returns to help us make a trade decision. For example, suppose you find that Aker BP 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 |
Aker BP 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 Aker BP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aker BP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aker BP stock over time.
Current vs Lagged Prices |
| Timeline |
Aker BP Lagged Returns
When evaluating Aker BP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aker BP stock have on its future price. Aker BP 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, Aker BP autocorrelation shows the relationship between Aker BP stock current value and its past values and can show if there is a momentum factor associated with investing in Aker BP ASA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Aker Stock Analysis
When running Aker BP's price analysis, check to measure Aker BP'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 Aker BP is operating at the current time. Most of Aker BP's value examination focuses on studying past and present price action to predict the probability of Aker BP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aker BP's price. Additionally, you may evaluate how the addition of Aker BP to your portfolios can decrease your overall portfolio volatility.