Aker Carbon Capture Stock Market Value
| AKCCF Stock | USD 0.51 0.01 1.92% |
| Symbol | Aker |
Aker Carbon '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 Carbon's pink sheet 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 Carbon.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Aker Carbon on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Aker Carbon Capture or generate 0.0% return on investment in Aker Carbon over 30 days. Aker Carbon is related to or competes with TOMI Environmental, Zurn Elkay, Federal Signal, Energy Recovery, CECO Environmental, and 374Water Common. Aker Carbon Capture ASA provides products, technology, and solutions within the field of carbon capture technologies, ut... More
Aker Carbon 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 Carbon's pink sheet 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 Carbon Capture upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.37 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 5.56 |
Aker Carbon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aker Carbon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aker Carbon's standard deviation. In reality, there are many statistical measures that can use Aker Carbon historical prices to predict the future Aker Carbon's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 0.1821 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aker Carbon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aker Carbon Capture Backtested Returns
Aker Carbon Capture secures Sharpe Ratio (or Efficiency) of -0.0635, which signifies that the company had a -0.0635% return per unit of standard deviation over the last 3 months. Aker Carbon Capture exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aker Carbon's risk adjusted performance of (0.01), and Mean Deviation of 2.74 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aker Carbon are expected to decrease at a much lower rate. During the bear market, Aker Carbon is likely to outperform the market. At this point, Aker Carbon Capture has a negative expected return of -0.23%. Please make sure to confirm Aker Carbon's coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if Aker Carbon Capture performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Aker Carbon Capture has good predictability. Overlapping area represents the amount of predictability between Aker Carbon time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Aker Carbon Capture price movement. The serial correlation of 0.67 indicates that around 67.0% of current Aker Carbon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aker Carbon Capture lagged returns against current returns
Autocorrelation, which is Aker Carbon pink sheet'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 Carbon's pink sheet expected returns. We can calculate the autocorrelation of Aker Carbon returns to help us make a trade decision. For example, suppose you find that Aker Carbon has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Carbon 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 Carbon pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aker Carbon pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aker Carbon pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aker Carbon Lagged Returns
When evaluating Aker Carbon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aker Carbon pink sheet have on its future price. Aker Carbon 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 Carbon autocorrelation shows the relationship between Aker Carbon pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aker Carbon Capture.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aker Pink Sheet
Aker Carbon financial ratios help investors to determine whether Aker Pink Sheet 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 Aker with respect to the benefits of owning Aker Carbon security.