Circa Group (Norway) Market Value
| CIRCA Stock | NOK 0.64 0.04 6.67% |
| Symbol | Circa |
Circa Group '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 Circa Group'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 Circa Group.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Circa Group on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Circa Group AS or generate 0.0% return on investment in Circa Group over 180 days. Circa Group is related to or competes with Carasent ASA, Bergenbio ASA, Photocure, Kitron ASA, and Vow ASA. Circa Group AS, a biotech company, engages in producing bio-based chemicals in Australia, France, the United Kingdom, Be... More
Circa Group 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 Circa Group'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 Circa Group AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.32 | |||
| Information Ratio | 0.0078 | |||
| Maximum Drawdown | 29.79 | |||
| Value At Risk | (11.29) | |||
| Potential Upside | 10.53 |
Circa Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Circa Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Circa Group's standard deviation. In reality, there are many statistical measures that can use Circa Group historical prices to predict the future Circa Group's volatility.| Risk Adjusted Performance | 0.0322 | |||
| Jensen Alpha | 0.3367 | |||
| Total Risk Alpha | (0.83) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | (0.14) |
Circa Group AS Backtested Returns
Circa Group appears to be out of control, given 3 months investment horizon. Circa Group AS secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. By analyzing Circa Group's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Circa Group's Mean Deviation of 3.21, downside deviation of 11.32, and Risk Adjusted Performance of 0.0322 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Circa Group holds a performance score of 8. The firm shows a Beta (market volatility) of -1.27, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Circa Group are expected to decrease by larger amounts. On the other hand, during market turmoil, Circa Group is expected to outperform it. Please check Circa Group's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to make a quick decision on whether Circa Group's price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Circa Group AS has modest reverse predictability. Overlapping area represents the amount of predictability between Circa Group time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Circa Group AS price movement. The serial correlation of -0.46 indicates that about 46.0% of current Circa Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Circa Group AS lagged returns against current returns
Autocorrelation, which is Circa Group 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 Circa Group's stock expected returns. We can calculate the autocorrelation of Circa Group returns to help us make a trade decision. For example, suppose you find that Circa Group 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 |
Circa Group 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 Circa Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Circa Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Circa Group stock over time.
Current vs Lagged Prices |
| Timeline |
Circa Group Lagged Returns
When evaluating Circa Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Circa Group stock have on its future price. Circa Group 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, Circa Group autocorrelation shows the relationship between Circa Group stock current value and its past values and can show if there is a momentum factor associated with investing in Circa Group AS.
Regressed Prices |
| Timeline |
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Circa Group financial ratios help investors to determine whether Circa 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 Circa with respect to the benefits of owning Circa Group security.