Byggma (Norway) Market Value
| BMA Stock | NOK 14.50 0.55 3.65% |
| Symbol | Byggma |
Byggma '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 Byggma'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 Byggma.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Byggma on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Byggma or generate 0.0% return on investment in Byggma over 300 days. Byggma is related to or competes with AF Gruppen, American Shipping, Arendals Fossekompani, Kid ASA, and Selvaag Bolig. Byggma ASA manufactures and supplies building materials to builders and retailers in the Nordic countries More
Byggma 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 Byggma'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 Byggma upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 18.32 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 4.79 |
Byggma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Byggma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Byggma's standard deviation. In reality, there are many statistical measures that can use Byggma historical prices to predict the future Byggma's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.53) |
Byggma Backtested Returns
Byggma secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Byggma exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Byggma's mean deviation of 2.13, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Byggma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Byggma is expected to be smaller as well. At this point, Byggma has a negative expected return of -0.35%. Please make sure to confirm Byggma's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Byggma performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Byggma has below average predictability. Overlapping area represents the amount of predictability between Byggma time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Byggma price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Byggma price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
Byggma lagged returns against current returns
Autocorrelation, which is Byggma 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 Byggma's stock expected returns. We can calculate the autocorrelation of Byggma returns to help us make a trade decision. For example, suppose you find that Byggma 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 |
Byggma 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 Byggma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Byggma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Byggma stock over time.
Current vs Lagged Prices |
| Timeline |
Byggma Lagged Returns
When evaluating Byggma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Byggma stock have on its future price. Byggma 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, Byggma autocorrelation shows the relationship between Byggma stock current value and its past values and can show if there is a momentum factor associated with investing in Byggma.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Byggma Stock
Byggma financial ratios help investors to determine whether Byggma 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 Byggma with respect to the benefits of owning Byggma security.