Bien Sparebank (Norway) Market Value
| BIEN Stock | 124.00 3.00 2.48% |
| Symbol | Bien |
Bien Sparebank '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 Bien Sparebank'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 Bien Sparebank.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Bien Sparebank on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Bien Sparebank ASA or generate 0.0% return on investment in Bien Sparebank over 390 days. Bien Sparebank is related to or competes with Lea Bank, Romerike Sparebank, Elkem ASA, Integrated Wind, Vow ASA, North Energy, and Axactor SE. More
Bien Sparebank 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 Bien Sparebank'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 Bien Sparebank ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.1784 | |||
| Maximum Drawdown | 12.32 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.86 |
Bien Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bien Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bien Sparebank's standard deviation. In reality, there are many statistical measures that can use Bien Sparebank historical prices to predict the future Bien Sparebank's volatility.| Risk Adjusted Performance | 0.2017 | |||
| Jensen Alpha | 0.4165 | |||
| Total Risk Alpha | 0.1478 | |||
| Sortino Ratio | 0.1678 | |||
| Treynor Ratio | 2.23 |
Bien Sparebank ASA Backtested Returns
Bien Sparebank appears to be very steady, given 3 months investment horizon. Bien Sparebank ASA secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Bien Sparebank ASA, which you can use to evaluate the volatility of the firm. Please makes use of Bien Sparebank's risk adjusted performance of 0.2017, and Mean Deviation of 1.16 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bien Sparebank holds a performance score of 20. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bien Sparebank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bien Sparebank is expected to be smaller as well. Please check Bien Sparebank's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Bien Sparebank's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Bien Sparebank ASA has good predictability. Overlapping area represents the amount of predictability between Bien Sparebank time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Bien Sparebank ASA price movement. The serial correlation of 0.73 indicates that around 73.0% of current Bien Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 79.47 |
Bien Sparebank ASA lagged returns against current returns
Autocorrelation, which is Bien Sparebank 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 Bien Sparebank's stock expected returns. We can calculate the autocorrelation of Bien Sparebank returns to help us make a trade decision. For example, suppose you find that Bien Sparebank 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 |
Bien Sparebank 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 Bien Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bien Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bien Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Bien Sparebank Lagged Returns
When evaluating Bien Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bien Sparebank stock have on its future price. Bien Sparebank 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, Bien Sparebank autocorrelation shows the relationship between Bien Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Bien Sparebank ASA.
Regressed Prices |
| Timeline |
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Bien Sparebank financial ratios help investors to determine whether Bien 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 Bien with respect to the benefits of owning Bien Sparebank security.