Aker Solutions (Norway) Market Value
| AKSO Stock | NOK 30.00 0.24 0.81% |
| Symbol | Aker |
Aker Solutions '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 Solutions' 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 Solutions.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aker Solutions on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Aker Solutions ASA or generate 0.0% return on investment in Aker Solutions over 30 days. Aker Solutions is related to or competes with Subsea 7, Aker ASA, Dno ASA, and Aker Carbon. Aker Solutions ASA provides products, systems, and services to the oil and gas industry worldwide More
Aker Solutions 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 Solutions' 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 Solutions ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 21.72 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 3.04 |
Aker Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aker Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aker Solutions' standard deviation. In reality, there are many statistical measures that can use Aker Solutions historical prices to predict the future Aker Solutions' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (1.39) | |||
| Treynor Ratio | 0.4897 |
Aker Solutions ASA Backtested Returns
Aker Solutions ASA secures Sharpe Ratio (or Efficiency) of -0.0742, which signifies that the company had a -0.0742% return per unit of standard deviation over the last 3 months. Aker Solutions ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aker Solutions' mean deviation of 2.49, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.02, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Aker Solutions are expected to decrease slowly. On the other hand, during market turmoil, Aker Solutions is expected to outperform it slightly. At this point, Aker Solutions ASA has a negative expected return of -0.43%. Please make sure to confirm Aker Solutions' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Aker Solutions ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Aker Solutions ASA has average predictability. Overlapping area represents the amount of predictability between Aker Solutions time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Solutions ASA price movement. The serial correlation of 0.48 indicates that about 48.0% of current Aker Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Aker Solutions ASA lagged returns against current returns
Autocorrelation, which is Aker Solutions 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 Solutions' stock expected returns. We can calculate the autocorrelation of Aker Solutions returns to help us make a trade decision. For example, suppose you find that Aker Solutions 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 Solutions 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 Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aker Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aker Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Aker Solutions Lagged Returns
When evaluating Aker Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aker Solutions stock have on its future price. Aker Solutions 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 Solutions autocorrelation shows the relationship between Aker Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Aker Solutions ASA.
Regressed Prices |
| Timeline |
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Aker Solutions 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 Solutions security.