Borregaard ASA (Norway) Market Value
| BRG Stock | NOK 181.60 0.60 0.33% |
| Symbol | Borregaard |
Borregaard 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 Borregaard 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 Borregaard ASA.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Borregaard ASA on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Borregaard ASA or generate 0.0% return on investment in Borregaard ASA over 720 days. Borregaard ASA is related to or competes with Veidekke ASA, Orkla ASA, Kongsberg Gruppen, Storebrand ASA, and Gjensidige Forsikring. Borregaard ASA develops, produces, and supplies biomaterials, biochemicals, and biofuels in Norway, rest of Europe, the ... More
Borregaard 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 Borregaard 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 Borregaard ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.29 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.71 |
Borregaard ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Borregaard ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Borregaard ASA's standard deviation. In reality, there are many statistical measures that can use Borregaard ASA historical prices to predict the future Borregaard ASA's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.2443 |
Borregaard ASA Backtested Returns
Borregaard ASA secures Sharpe Ratio (or Efficiency) of -0.0624, which signifies that the company had a -0.0624% return per unit of risk over the last 3 months. Borregaard ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Borregaard ASA's Risk Adjusted Performance of (0.04), mean deviation of 1.08, and Standard Deviation of 1.47 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Borregaard ASA are expected to decrease at a much lower rate. During the bear market, Borregaard ASA is likely to outperform the market. At this point, Borregaard ASA has a negative expected return of -0.0924%. Please make sure to confirm Borregaard ASA's kurtosis, and the relationship between the maximum drawdown and rate of daily change , to decide if Borregaard ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Borregaard ASA has weak predictability. Overlapping area represents the amount of predictability between Borregaard ASA time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Borregaard ASA price movement. The serial correlation of 0.23 indicates that over 23.0% of current Borregaard ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 152.21 |
Borregaard ASA lagged returns against current returns
Autocorrelation, which is Borregaard 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 Borregaard ASA's stock expected returns. We can calculate the autocorrelation of Borregaard ASA returns to help us make a trade decision. For example, suppose you find that Borregaard 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 |
Borregaard 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 Borregaard ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Borregaard ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Borregaard ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Borregaard ASA Lagged Returns
When evaluating Borregaard ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Borregaard ASA stock have on its future price. Borregaard 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, Borregaard ASA autocorrelation shows the relationship between Borregaard ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Borregaard ASA.
Regressed Prices |
| Timeline |
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Borregaard ASA financial ratios help investors to determine whether Borregaard 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 Borregaard with respect to the benefits of owning Borregaard ASA security.