Dno ASA (Norway) Market Value
| DNO Stock | NOK 10.12 0.02 0.20% |
| Symbol | Dno |
Dno 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 Dno 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 Dno ASA.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Dno ASA on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Dno ASA or generate 0.0% return on investment in Dno ASA over 330 days. Dno ASA is related to or competes with Aker Solutions, Storebrand ASA, Frontline, and Subsea 7. DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East and North Afric... More
Dno 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 Dno 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 Dno ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 12.07 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.44 |
Dno ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dno ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dno ASA's standard deviation. In reality, there are many statistical measures that can use Dno ASA historical prices to predict the future Dno ASA's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (2.11) |
Dno ASA Backtested Returns
Dno ASA secures Sharpe Ratio (or Efficiency) of -0.086, which denotes the company had a -0.086% return per unit of risk over the last 3 months. Dno ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dno ASA's Standard Deviation of 2.14, mean deviation of 1.47, and Variance of 4.56 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0926, which means not very significant fluctuations relative to the market. As returns on the market increase, Dno ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dno ASA is expected to be smaller as well. At this point, Dno ASA has a negative expected return of -0.18%. Please make sure to confirm Dno ASA's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Dno ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Dno ASA has very weak predictability. Overlapping area represents the amount of predictability between Dno ASA time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Dno ASA price movement. The serial correlation of 0.19 indicates that over 19.0% of current Dno ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Dno ASA lagged returns against current returns
Autocorrelation, which is Dno 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 Dno ASA's stock expected returns. We can calculate the autocorrelation of Dno ASA returns to help us make a trade decision. For example, suppose you find that Dno 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 |
Dno 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 Dno ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dno ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dno ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Dno ASA Lagged Returns
When evaluating Dno ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dno ASA stock have on its future price. Dno 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, Dno ASA autocorrelation shows the relationship between Dno ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Dno ASA.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Dno Stock
Dno ASA financial ratios help investors to determine whether Dno 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 Dno with respect to the benefits of owning Dno ASA security.