Arctic Fish (Norway) Market Value
| AFISH Stock | NOK 69.50 1.00 1.46% |
| Symbol | Arctic |
Arctic Fish '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 Arctic Fish'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 Arctic Fish.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Arctic Fish on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Arctic Fish Holding or generate 0.0% return on investment in Arctic Fish over 30 days. Arctic Fish is related to or competes with Andfjord Salmon, Ice Fish, Elkem ASA, Vow ASA, North Energy, and Arcticzymes Technologies. Arctic Fish Holding AS, together with its subsidiaries, engages in the salmon farming activities in Iceland More
Arctic Fish 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 Arctic Fish'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 Arctic Fish Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.0937 | |||
| Maximum Drawdown | 20.8 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 8.57 |
Arctic Fish Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arctic Fish's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arctic Fish's standard deviation. In reality, there are many statistical measures that can use Arctic Fish historical prices to predict the future Arctic Fish's volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 0.5567 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1127 | |||
| Treynor Ratio | (1.52) |
Arctic Fish Holding Backtested Returns
Arctic Fish appears to be very steady, given 3 months investment horizon. Arctic Fish Holding secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. By analyzing Arctic Fish's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Arctic Fish's mean deviation of 3.22, and Risk Adjusted Performance of 0.1039 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Arctic Fish holds a performance score of 11. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Arctic Fish are expected to decrease at a much lower rate. During the bear market, Arctic Fish is likely to outperform the market. Please check Arctic Fish's value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Arctic Fish's price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Arctic Fish Holding has good reverse predictability. Overlapping area represents the amount of predictability between Arctic Fish time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 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 Arctic Fish Holding price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Arctic Fish price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 9.56 |
Arctic Fish Holding lagged returns against current returns
Autocorrelation, which is Arctic Fish 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 Arctic Fish's stock expected returns. We can calculate the autocorrelation of Arctic Fish returns to help us make a trade decision. For example, suppose you find that Arctic Fish 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 |
Arctic Fish 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 Arctic Fish stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arctic Fish stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arctic Fish stock over time.
Current vs Lagged Prices |
| Timeline |
Arctic Fish Lagged Returns
When evaluating Arctic Fish's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arctic Fish stock have on its future price. Arctic Fish 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, Arctic Fish autocorrelation shows the relationship between Arctic Fish stock current value and its past values and can show if there is a momentum factor associated with investing in Arctic Fish Holding.
Regressed Prices |
| Timeline |
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Arctic Fish financial ratios help investors to determine whether Arctic 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 Arctic with respect to the benefits of owning Arctic Fish security.