Pf Bakkafrost (Norway) Market Value
| BAKKA Stock | NOK 642.00 27.50 4.11% |
| Symbol | BAKKA |
Pf Bakkafrost '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 Pf Bakkafrost'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 Pf Bakkafrost.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pf Bakkafrost on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Pf Bakkafrost or generate 0.0% return on investment in Pf Bakkafrost over 90 days. Pf Bakkafrost is related to or competes with SalMar ASA, Mowi ASA, Lery Seafood, Grieg Seafood, and Austevoll Seafood. PF Bakkafrost, together with its subsidiaries, produces and sells salmon products under the Bakkafrost and Havsbrn brand... More
Pf Bakkafrost 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 Pf Bakkafrost'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 Pf Bakkafrost upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0453 | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.0 |
Pf Bakkafrost Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pf Bakkafrost's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pf Bakkafrost's standard deviation. In reality, there are many statistical measures that can use Pf Bakkafrost historical prices to predict the future Pf Bakkafrost's volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.1397 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0495 | |||
| Treynor Ratio | 0.4129 |
Pf Bakkafrost Backtested Returns
Pf Bakkafrost appears to be very steady, given 3 months investment horizon. Pf Bakkafrost retains Efficiency (Sharpe Ratio) of 0.14, which implies the firm had a 0.14% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for Pf Bakkafrost, which you can use to evaluate the volatility of the company. Please evaluate Pf Bakkafrost's market risk adjusted performance of 0.4229, and Standard Deviation of 1.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pf Bakkafrost holds a performance score of 11. The company owns a Beta (Systematic Risk) of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pf Bakkafrost's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pf Bakkafrost is expected to be smaller as well. Please check Pf Bakkafrost's mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to make a quick decision on whether Pf Bakkafrost's current price history will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Pf Bakkafrost has poor reverse predictability. Overlapping area represents the amount of predictability between Pf Bakkafrost 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 Pf Bakkafrost price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Pf Bakkafrost price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 98.39 |
Pf Bakkafrost lagged returns against current returns
Autocorrelation, which is Pf Bakkafrost 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 Pf Bakkafrost's stock expected returns. We can calculate the autocorrelation of Pf Bakkafrost returns to help us make a trade decision. For example, suppose you find that Pf Bakkafrost 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 |
Pf Bakkafrost 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 Pf Bakkafrost stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pf Bakkafrost stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pf Bakkafrost stock over time.
Current vs Lagged Prices |
| Timeline |
Pf Bakkafrost Lagged Returns
When evaluating Pf Bakkafrost's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pf Bakkafrost stock have on its future price. Pf Bakkafrost 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, Pf Bakkafrost autocorrelation shows the relationship between Pf Bakkafrost stock current value and its past values and can show if there is a momentum factor associated with investing in Pf Bakkafrost.
Regressed Prices |
| Timeline |
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Pf Bakkafrost financial ratios help investors to determine whether BAKKA 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 BAKKA with respect to the benefits of owning Pf Bakkafrost security.