Carasent ASA (Norway) Market Value
| CARA Stock | 21.10 0.60 2.93% |
| Symbol | Carasent |
Carasent 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 Carasent 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 Carasent ASA.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Carasent ASA on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Carasent ASA or generate 0.0% return on investment in Carasent ASA over 510 days. Carasent ASA is related to or competes with Bouvet, Elkem ASA, Integrated Wind, Vow ASA, North Energy, Arcticzymes Technologies, and XXL ASA. More
Carasent 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 Carasent 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 Carasent ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.0688 | |||
| Maximum Drawdown | 10.33 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 4.13 |
Carasent ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carasent ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carasent ASA's standard deviation. In reality, there are many statistical measures that can use Carasent ASA historical prices to predict the future Carasent ASA's volatility.| Risk Adjusted Performance | 0.1067 | |||
| Jensen Alpha | 0.2778 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0749 | |||
| Treynor Ratio | (1.74) |
Carasent ASA Backtested Returns
Carasent ASA appears to be not too volatile, given 3 months investment horizon. Carasent ASA secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Carasent ASA, which you can use to evaluate the volatility of the firm. Please makes use of Carasent ASA's Mean Deviation of 1.58, downside deviation of 1.89, and Risk Adjusted Performance of 0.1067 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carasent ASA holds a performance score of 10. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Carasent ASA are expected to decrease at a much lower rate. During the bear market, Carasent ASA is likely to outperform the market. Please check Carasent ASA's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Carasent ASA's price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Carasent ASA has good reverse predictability. Overlapping area represents the amount of predictability between Carasent ASA time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Carasent ASA price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Carasent ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 7.02 |
Carasent ASA lagged returns against current returns
Autocorrelation, which is Carasent 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 Carasent ASA's stock expected returns. We can calculate the autocorrelation of Carasent ASA returns to help us make a trade decision. For example, suppose you find that Carasent 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 |
Carasent 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 Carasent ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carasent ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carasent ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Carasent ASA Lagged Returns
When evaluating Carasent ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carasent ASA stock have on its future price. Carasent 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, Carasent ASA autocorrelation shows the relationship between Carasent ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Carasent ASA.
Regressed Prices |
| Timeline |
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Carasent ASA financial ratios help investors to determine whether Carasent 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 Carasent with respect to the benefits of owning Carasent ASA security.