Atlantic Sapphire (Norway) Market Value
| ASA Stock | NOK 0.08 0.0005 0.65% |
| Symbol | Atlantic |
Atlantic Sapphire '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 Atlantic Sapphire'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 Atlantic Sapphire.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Atlantic Sapphire on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Atlantic Sapphire As or generate 0.0% return on investment in Atlantic Sapphire over 570 days. Atlantic Sapphire is related to or competes with Andfjord Salmon, Elkem ASA, Vow ASA, North Energy, Arcticzymes Technologies, Eqva ASA, and XXL ASA. Atlantic Sapphire ASA, together with its subsidiaries, engages in the land-based salmon farming business More
Atlantic Sapphire 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 Atlantic Sapphire'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 Atlantic Sapphire As upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.83 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 215.74 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 21.05 |
Atlantic Sapphire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlantic Sapphire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlantic Sapphire's standard deviation. In reality, there are many statistical measures that can use Atlantic Sapphire historical prices to predict the future Atlantic Sapphire's volatility.| Risk Adjusted Performance | 0.0098 | |||
| Jensen Alpha | 0.4495 | |||
| Total Risk Alpha | (4.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0022 |
Atlantic Sapphire Backtested Returns
Atlantic Sapphire secures Sharpe Ratio (or Efficiency) of -0.0012, which signifies that the company had a -0.0012% return per unit of risk over the last 3 months. Atlantic Sapphire As exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlantic Sapphire's Risk Adjusted Performance of 0.0098, downside deviation of 19.83, and Mean Deviation of 10.68 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -3.86, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Atlantic Sapphire are expected to decrease by larger amounts. On the other hand, during market turmoil, Atlantic Sapphire is expected to outperform it. At this point, Atlantic Sapphire has a negative expected return of -0.0309%. Please make sure to confirm Atlantic Sapphire's treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to decide if Atlantic Sapphire performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Atlantic Sapphire As has good predictability. Overlapping area represents the amount of predictability between Atlantic Sapphire time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Atlantic Sapphire price movement. The serial correlation of 0.7 indicates that around 70.0% of current Atlantic Sapphire price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 22.51 |
Atlantic Sapphire lagged returns against current returns
Autocorrelation, which is Atlantic Sapphire 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 Atlantic Sapphire's stock expected returns. We can calculate the autocorrelation of Atlantic Sapphire returns to help us make a trade decision. For example, suppose you find that Atlantic Sapphire 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 |
Atlantic Sapphire 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 Atlantic Sapphire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlantic Sapphire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlantic Sapphire stock over time.
Current vs Lagged Prices |
| Timeline |
Atlantic Sapphire Lagged Returns
When evaluating Atlantic Sapphire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlantic Sapphire stock have on its future price. Atlantic Sapphire 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, Atlantic Sapphire autocorrelation shows the relationship between Atlantic Sapphire stock current value and its past values and can show if there is a momentum factor associated with investing in Atlantic Sapphire As.
Regressed Prices |
| Timeline |
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Atlantic Sapphire financial ratios help investors to determine whether Atlantic 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 Atlantic with respect to the benefits of owning Atlantic Sapphire security.