Aker Horizons (Norway) Market Value
| AKH Stock | NOK 1.77 0.01 0.56% |
| Symbol | Aker |
Aker Horizons '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 Horizons' 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 Horizons.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aker Horizons on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Aker Horizons AS or generate 0.0% return on investment in Aker Horizons over 90 days. Aker Horizons is related to or competes with Wilh Wilhelmsen, Pareto Bank, Selvaag Bolig, and Wilh Wilhelmsen. Aker Horizons AS, through its subsidiaries, owns a portfolio of companies in the renewable energy and green tech space c... More
Aker Horizons 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 Horizons' 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 Horizons AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 20.34 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 4.47 |
Aker Horizons Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aker Horizons' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aker Horizons' standard deviation. In reality, there are many statistical measures that can use Aker Horizons historical prices to predict the future Aker Horizons' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | 0.8526 |
Aker Horizons AS Backtested Returns
Aker Horizons AS secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Aker Horizons AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aker Horizons' risk adjusted performance of (0.08), and Mean Deviation of 2.66 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aker Horizons are expected to decrease at a much lower rate. During the bear market, Aker Horizons is likely to outperform the market. At this point, Aker Horizons AS has a negative expected return of -0.49%. Please make sure to confirm Aker Horizons' coefficient of variation, total risk alpha, skewness, as well as the relationship between the information ratio and maximum drawdown , to decide if Aker Horizons AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Aker Horizons AS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Aker Horizons time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Horizons AS price movement. The serial correlation of -0.77 indicates that around 77.0% of current Aker Horizons price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Aker Horizons AS lagged returns against current returns
Autocorrelation, which is Aker Horizons 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 Horizons' stock expected returns. We can calculate the autocorrelation of Aker Horizons returns to help us make a trade decision. For example, suppose you find that Aker Horizons 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 Horizons 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 Horizons stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aker Horizons stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aker Horizons stock over time.
Current vs Lagged Prices |
| Timeline |
Aker Horizons Lagged Returns
When evaluating Aker Horizons' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aker Horizons stock have on its future price. Aker Horizons 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 Horizons autocorrelation shows the relationship between Aker Horizons stock current value and its past values and can show if there is a momentum factor associated with investing in Aker Horizons AS.
Regressed Prices |
| Timeline |
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Aker Horizons financial ratios help investors to determine whether Aker 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 Aker with respect to the benefits of owning Aker Horizons security.