Bonheur (Norway) Market Value
| BONHR Stock | NOK 265.50 5.00 1.92% |
| Symbol | Bonheur |
Bonheur '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 Bonheur'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 Bonheur.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Bonheur on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Bonheur or generate 0.0% return on investment in Bonheur over 30 days. Bonheur is related to or competes with Cloudberry Clean, Aker ASA, Scatec Solar, Borregaard ASA, and Cadeler As. Bonheur ASA, together with its subsidiaries, engages in the renewable energy, wind service, cruise, and other businesses... More
Bonheur 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 Bonheur'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 Bonheur upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.09 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.22 |
Bonheur Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bonheur's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bonheur's standard deviation. In reality, there are many statistical measures that can use Bonheur historical prices to predict the future Bonheur's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (2.07) |
Bonheur Backtested Returns
Bonheur secures Sharpe Ratio (or Efficiency) of -0.013, which signifies that the company had a -0.013% return per unit of risk over the last 3 months. Bonheur exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bonheur's Mean Deviation of 1.14, risk adjusted performance of (0.04), and Standard Deviation of 1.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0423, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bonheur's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bonheur is expected to be smaller as well. At this point, Bonheur has a negative expected return of -0.0188%. Please make sure to confirm Bonheur's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Bonheur performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Bonheur has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bonheur time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Bonheur price movement. The serial correlation of -0.18 indicates that over 18.0% of current Bonheur price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 13.76 |
Bonheur lagged returns against current returns
Autocorrelation, which is Bonheur 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 Bonheur's stock expected returns. We can calculate the autocorrelation of Bonheur returns to help us make a trade decision. For example, suppose you find that Bonheur 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 |
Bonheur 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 Bonheur stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bonheur stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bonheur stock over time.
Current vs Lagged Prices |
| Timeline |
Bonheur Lagged Returns
When evaluating Bonheur's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bonheur stock have on its future price. Bonheur 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, Bonheur autocorrelation shows the relationship between Bonheur stock current value and its past values and can show if there is a momentum factor associated with investing in Bonheur.
Regressed Prices |
| Timeline |
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Bonheur financial ratios help investors to determine whether Bonheur 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 Bonheur with respect to the benefits of owning Bonheur security.