Beerenberg (Norway) Market Value
| BBERG Stock | 41.00 0.00 0.00% |
| Symbol | Beerenberg |
Beerenberg '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 Beerenberg'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 Beerenberg.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Beerenberg on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Beerenberg AS or generate 0.0% return on investment in Beerenberg over 360 days.
Beerenberg 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 Beerenberg'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 Beerenberg AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7789 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.0 |
Beerenberg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beerenberg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beerenberg's standard deviation. In reality, there are many statistical measures that can use Beerenberg historical prices to predict the future Beerenberg's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | (0.00000655) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.1204 |
Beerenberg AS Backtested Returns
As of now, Beerenberg Stock is very steady. Beerenberg AS secures Sharpe Ratio (or Efficiency) of 0.0261, which signifies that the company had a 0.0261% return per unit of standard deviation over the last 3 months. We have found twenty-five technical indicators for Beerenberg AS, which you can use to evaluate the volatility of the firm. Please confirm Beerenberg's risk adjusted performance of 0.0266, and Mean Deviation of 0.4165 to double-check if the risk estimate we provide is consistent with the expected return of 0.0175%. Beerenberg has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beerenberg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beerenberg is expected to be smaller as well. Beerenberg AS right now shows a risk of 0.67%. Please confirm Beerenberg AS coefficient of variation, potential upside, day typical price, as well as the relationship between the sortino ratio and skewness , to decide if Beerenberg AS will be following its price patterns.
Auto-correlation | 0.77 |
Good predictability
Beerenberg AS has good predictability. Overlapping area represents the amount of predictability between Beerenberg time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Beerenberg AS price movement. The serial correlation of 0.77 indicates that around 77.0% of current Beerenberg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 31.79 |
Beerenberg AS lagged returns against current returns
Autocorrelation, which is Beerenberg 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 Beerenberg's stock expected returns. We can calculate the autocorrelation of Beerenberg returns to help us make a trade decision. For example, suppose you find that Beerenberg 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 |
Beerenberg 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 Beerenberg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beerenberg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beerenberg stock over time.
Current vs Lagged Prices |
| Timeline |
Beerenberg Lagged Returns
When evaluating Beerenberg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beerenberg stock have on its future price. Beerenberg 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, Beerenberg autocorrelation shows the relationship between Beerenberg stock current value and its past values and can show if there is a momentum factor associated with investing in Beerenberg AS.
Regressed Prices |
| Timeline |
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