Aurora Eiendom (Norway) Market Value
| AURA Stock | 77.00 2.50 3.14% |
| Symbol | Aurora |
Aurora Eiendom '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 Aurora Eiendom'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 Aurora Eiendom.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Aurora Eiendom on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Aurora Eiendom AS or generate 0.0% return on investment in Aurora Eiendom over 30 days.
Aurora Eiendom 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 Aurora Eiendom'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 Aurora Eiendom AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.59 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.31 |
Aurora Eiendom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurora Eiendom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurora Eiendom's standard deviation. In reality, there are many statistical measures that can use Aurora Eiendom historical prices to predict the future Aurora Eiendom's volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.0545 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.58) |
Aurora Eiendom AS Backtested Returns
As of now, Aurora Stock is very steady. Aurora Eiendom AS secures Sharpe Ratio (or Efficiency) of 0.0243, which signifies that the company had a 0.0243% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aurora Eiendom AS, which you can use to evaluate the volatility of the firm. Please confirm Aurora Eiendom's Downside Deviation of 2.65, risk adjusted performance of 0.0252, and Mean Deviation of 1.69 to double-check if the risk estimate we provide is consistent with the expected return of 0.0556%. Aurora Eiendom has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0768, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aurora Eiendom are expected to decrease at a much lower rate. During the bear market, Aurora Eiendom is likely to outperform the market. Aurora Eiendom AS right now shows a risk of 2.29%. Please confirm Aurora Eiendom AS jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Aurora Eiendom AS will be following its price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Aurora Eiendom AS has poor reverse predictability. Overlapping area represents the amount of predictability between Aurora Eiendom time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Aurora Eiendom AS price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Aurora Eiendom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 3.48 |
Aurora Eiendom AS lagged returns against current returns
Autocorrelation, which is Aurora Eiendom 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 Aurora Eiendom's stock expected returns. We can calculate the autocorrelation of Aurora Eiendom returns to help us make a trade decision. For example, suppose you find that Aurora Eiendom 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 |
Aurora Eiendom 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 Aurora Eiendom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora Eiendom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora Eiendom stock over time.
Current vs Lagged Prices |
| Timeline |
Aurora Eiendom Lagged Returns
When evaluating Aurora Eiendom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurora Eiendom stock have on its future price. Aurora Eiendom 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, Aurora Eiendom autocorrelation shows the relationship between Aurora Eiendom stock current value and its past values and can show if there is a momentum factor associated with investing in Aurora Eiendom AS.
Regressed Prices |
| Timeline |
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