Belships (Norway) Market Value
| BELCO Stock | NOK 18.40 0.32 1.77% |
| Symbol | Belships |
Belships '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 Belships' 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 Belships.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Belships on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Belships or generate 0.0% return on investment in Belships over 30 days. Belships is related to or competes with Cloudberry Clean, PCI Biotech, Nordic Mining, Shelf Drilling, Arcticzymes Technologies, and Nordhealth. It operates through Dry Bulk and Technical Management segments More
Belships 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 Belships' 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 Belships upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.48 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.41 |
Belships Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Belships' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Belships' standard deviation. In reality, there are many statistical measures that can use Belships historical prices to predict the future Belships' volatility.| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | 0.0118 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.03) |
Belships Backtested Returns
As of now, Belships Stock is not too volatile. Belships secures Sharpe Ratio (or Efficiency) of 0.0184, which signifies that the company had a 0.0184% return per unit of risk over the last 3 months. We have found thirty technical indicators for Belships, which you can use to evaluate the volatility of the firm. Please confirm Belships' Mean Deviation of 1.44, risk adjusted performance of 0.0108, and Downside Deviation of 1.84 to double-check if the risk estimate we provide is consistent with the expected return of 0.0383%. Belships has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0807, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Belships are expected to decrease at a much lower rate. During the bear market, Belships is likely to outperform the market. Belships right now shows a risk of 2.07%. Please confirm Belships total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Belships will be following its price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Belships has virtually no predictability. Overlapping area represents the amount of predictability between Belships time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Belships price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Belships price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Belships lagged returns against current returns
Autocorrelation, which is Belships 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 Belships' stock expected returns. We can calculate the autocorrelation of Belships returns to help us make a trade decision. For example, suppose you find that Belships 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 |
Belships 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 Belships stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Belships stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Belships stock over time.
Current vs Lagged Prices |
| Timeline |
Belships Lagged Returns
When evaluating Belships' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Belships stock have on its future price. Belships 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, Belships autocorrelation shows the relationship between Belships stock current value and its past values and can show if there is a momentum factor associated with investing in Belships.
Regressed Prices |
| Timeline |
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Belships financial ratios help investors to determine whether Belships 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 Belships with respect to the benefits of owning Belships security.