ABG Sundal (Norway) Market Value
| ABG Stock | NOK 7.08 0.05 0.71% |
| Symbol | ABG |
ABG Sundal '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 ABG Sundal'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 ABG Sundal.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in ABG Sundal on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding ABG Sundal Collier or generate 0.0% return on investment in ABG Sundal over 720 days. ABG Sundal is related to or competes with Kid ASA, Selvaag Bolig, Elkem ASA, Europris ASA, and AF Gruppen. ABG Sundal Collier Holding ASA, together with its subsidiaries, provides investment banking, stock broking, and corporat... More
ABG Sundal 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 ABG Sundal'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 ABG Sundal Collier upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0459 | |||
| Maximum Drawdown | 5.51 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 3.01 |
ABG Sundal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABG Sundal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABG Sundal's standard deviation. In reality, there are many statistical measures that can use ABG Sundal historical prices to predict the future ABG Sundal's volatility.| Risk Adjusted Performance | 0.1131 | |||
| Jensen Alpha | 0.1794 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0608 | |||
| Treynor Ratio | 5.64 |
ABG Sundal Collier Backtested Returns
ABG Sundal appears to be not too volatile, given 3 months investment horizon. ABG Sundal Collier secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for ABG Sundal Collier, which you can use to evaluate the volatility of the entity. Please makes use of ABG Sundal's mean deviation of 1.06, and Coefficient Of Variation of 705.37 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ABG Sundal holds a performance score of 12. The firm shows a Beta (market volatility) of 0.0325, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ABG Sundal's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABG Sundal is expected to be smaller as well. Please check ABG Sundal's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether ABG Sundal's price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
ABG Sundal Collier has poor reverse predictability. Overlapping area represents the amount of predictability between ABG Sundal time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 ABG Sundal Collier price movement. The serial correlation of -0.36 indicates that just about 36.0% of current ABG Sundal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
ABG Sundal Collier lagged returns against current returns
Autocorrelation, which is ABG Sundal 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 ABG Sundal's stock expected returns. We can calculate the autocorrelation of ABG Sundal returns to help us make a trade decision. For example, suppose you find that ABG Sundal 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 |
ABG Sundal 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 ABG Sundal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABG Sundal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABG Sundal stock over time.
Current vs Lagged Prices |
| Timeline |
ABG Sundal Lagged Returns
When evaluating ABG Sundal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABG Sundal stock have on its future price. ABG Sundal 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, ABG Sundal autocorrelation shows the relationship between ABG Sundal stock current value and its past values and can show if there is a momentum factor associated with investing in ABG Sundal Collier.
Regressed Prices |
| Timeline |
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ABG Sundal financial ratios help investors to determine whether ABG 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 ABG with respect to the benefits of owning ABG Sundal security.