DnB ASA (Norway) Market Value
| DNB Stock | NOK 228.50 1.90 0.82% |
| Symbol | DnB |
DnB 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 DnB 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 DnB ASA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in DnB ASA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding DnB ASA or generate 0.0% return on investment in DnB ASA over 30 days. DnB ASA is related to or competes with Telenor ASA, Storebrand ASA, Orkla ASA, Gjensidige Forsikring, and Equinor ASA. DNB Bank ASA provides financial services for retail and corporate customers in Norway More
DnB 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 DnB 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 DnB ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7959 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.79 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.31 |
DnB ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DnB ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DnB ASA's standard deviation. In reality, there are many statistical measures that can use DnB ASA historical prices to predict the future DnB ASA's volatility.| Risk Adjusted Performance | 0.036 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0824 |
DnB ASA Backtested Returns
As of now, DnB Stock is very steady. DnB ASA retains Efficiency (Sharpe Ratio) of 0.0324, which denotes the company had a 0.0324% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for DnB ASA, which you can use to evaluate the volatility of the firm. Please confirm DnB ASA's Market Risk Adjusted Performance of 0.0924, downside deviation of 0.7959, and Coefficient Of Variation of 2306.57 to check if the risk estimate we provide is consistent with the expected return of 0.0348%. DnB ASA has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, DnB ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding DnB ASA is expected to be smaller as well. DnB ASA presently owns a risk of 1.07%. Please confirm DnB ASA information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if DnB ASA will be following its current price history.
Auto-correlation | 0.14 |
Insignificant predictability
DnB ASA has insignificant predictability. Overlapping area represents the amount of predictability between DnB ASA time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 DnB ASA price movement. The serial correlation of 0.14 indicates that less than 14.0% of current DnB ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 |
DnB ASA lagged returns against current returns
Autocorrelation, which is DnB 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 DnB ASA's stock expected returns. We can calculate the autocorrelation of DnB ASA returns to help us make a trade decision. For example, suppose you find that DnB 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 |
DnB 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 DnB ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DnB ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DnB ASA stock over time.
Current vs Lagged Prices |
| Timeline |
DnB ASA Lagged Returns
When evaluating DnB ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DnB ASA stock have on its future price. DnB 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, DnB ASA autocorrelation shows the relationship between DnB ASA stock current value and its past values and can show if there is a momentum factor associated with investing in DnB ASA.
Regressed Prices |
| Timeline |
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DnB ASA financial ratios help investors to determine whether DnB 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 DnB with respect to the benefits of owning DnB ASA security.