Atea ASA (Norway) Market Value
| ATEA Stock | NOK 130.00 1.00 0.78% |
| Symbol | Atea |
Atea ASA '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 Atea ASA'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 Atea ASA.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Atea ASA on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Atea ASA or generate 0.0% return on investment in Atea ASA over 30 days. Atea ASA is related to or competes with Gjensidige Forsikring, Veidekke ASA, Orkla ASA, Aker ASA, and Austevoll Seafood. Atea ASA supplies IT infrastructure and related solutions for businesses and public sector organizations in the Nordic c... More
Atea ASA 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 Atea ASA'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 Atea ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.68 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.11 |
Atea ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atea ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atea ASA's standard deviation. In reality, there are many statistical measures that can use Atea ASA historical prices to predict the future Atea ASA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 8.82 |
Atea ASA Backtested Returns
Atea ASA secures Sharpe Ratio (or Efficiency) of -0.0552, which signifies that the company had a -0.0552% return per unit of standard deviation over the last 3 months. Atea ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atea ASA's risk adjusted performance of (0.02), and Mean Deviation of 1.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0081, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atea ASA are expected to decrease at a much lower rate. During the bear market, Atea ASA is likely to outperform the market. At this point, Atea ASA has a negative expected return of -0.1%. Please make sure to confirm Atea ASA's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Atea ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Atea ASA has modest predictability. Overlapping area represents the amount of predictability between Atea ASA time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Atea ASA price movement. The serial correlation of 0.55 indicates that about 55.0% of current Atea ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 2.24 |
Atea ASA lagged returns against current returns
Autocorrelation, which is Atea ASA 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 Atea ASA's stock expected returns. We can calculate the autocorrelation of Atea ASA returns to help us make a trade decision. For example, suppose you find that Atea ASA 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 |
Atea ASA 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 Atea ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atea ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atea ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Atea ASA Lagged Returns
When evaluating Atea ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atea ASA stock have on its future price. Atea ASA 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, Atea ASA autocorrelation shows the relationship between Atea ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Atea ASA.
Regressed Prices |
| Timeline |
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Atea ASA financial ratios help investors to determine whether Atea 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 Atea with respect to the benefits of owning Atea ASA security.