Bewi Asa (Norway) Market Value
| BEWI Stock | NOK 23.20 1.00 4.13% |
| Symbol | Bewi |
Bewi 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 Bewi 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 Bewi Asa.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bewi Asa on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Bewi Asa or generate 0.0% return on investment in Bewi Asa over 180 days. Bewi Asa is related to or competes with Kitron ASA, Norske Skog, AF Gruppen, and Elkem ASA. BEWi ASA produces, markets, and sells various custom-designed packaging solutions and insulation materials based on expa... More
Bewi 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 Bewi 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 Bewi Asa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 15.94 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 3.54 |
Bewi Asa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bewi Asa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bewi Asa's standard deviation. In reality, there are many statistical measures that can use Bewi Asa historical prices to predict the future Bewi Asa's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 0.9463 |
Bewi Asa Backtested Returns
Bewi Asa secures Sharpe Ratio (or Efficiency) of -0.0951, which signifies that the company had a -0.0951% return per unit of risk over the last 3 months. Bewi Asa exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bewi Asa's Risk Adjusted Performance of (0.06), standard deviation of 2.52, and Mean Deviation of 1.8 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bewi Asa are expected to decrease at a much lower rate. During the bear market, Bewi Asa is likely to outperform the market. At this point, Bewi Asa has a negative expected return of -0.24%. Please make sure to confirm Bewi Asa's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Bewi Asa performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Bewi Asa has good reverse predictability. Overlapping area represents the amount of predictability between Bewi Asa time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Bewi Asa price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Bewi Asa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 3.51 |
Bewi Asa lagged returns against current returns
Autocorrelation, which is Bewi 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 Bewi Asa's stock expected returns. We can calculate the autocorrelation of Bewi Asa returns to help us make a trade decision. For example, suppose you find that Bewi 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 |
Bewi 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 Bewi Asa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bewi Asa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bewi Asa stock over time.
Current vs Lagged Prices |
| Timeline |
Bewi Asa Lagged Returns
When evaluating Bewi Asa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bewi Asa stock have on its future price. Bewi 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, Bewi Asa autocorrelation shows the relationship between Bewi Asa stock current value and its past values and can show if there is a momentum factor associated with investing in Bewi Asa.
Regressed Prices |
| Timeline |
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Bewi Asa financial ratios help investors to determine whether Bewi 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 Bewi with respect to the benefits of owning Bewi Asa security.