Everfuel (Norway) Market Value
| EFUEL Stock | NOK 12.72 0.02 0.16% |
| Symbol | Everfuel |
Everfuel '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 Everfuel'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 Everfuel.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Everfuel on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Everfuel AS or generate 0.0% return on investment in Everfuel over 90 days. Everfuel is related to or competes with Scatec Solar, Aker Carbon, Elkem ASA, Vow ASA, North Energy, Arcticzymes Technologies, and Eqva ASA. Everfuel AS operates as an integrated green hydrogen fuel company in Denmark, Norway, Sweden, the Netherlands, Germany, ... More
Everfuel 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 Everfuel'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 Everfuel AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0962 | |||
| Maximum Drawdown | 51.57 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.42 |
Everfuel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everfuel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everfuel's standard deviation. In reality, there are many statistical measures that can use Everfuel historical prices to predict the future Everfuel's volatility.| Risk Adjusted Performance | 0.099 | |||
| Jensen Alpha | 0.7344 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.4327 | |||
| Treynor Ratio | (3.25) |
Everfuel AS Backtested Returns
Everfuel appears to be slightly risky, given 3 months investment horizon. Everfuel AS secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. By reviewing Everfuel's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please utilize Everfuel's Standard Deviation of 6.1, coefficient of variation of 850.09, and Mean Deviation of 1.66 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Everfuel holds a performance score of 9. The firm shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Everfuel are expected to decrease at a much lower rate. During the bear market, Everfuel is likely to outperform the market. Please check Everfuel's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Everfuel's price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Everfuel AS has weak reverse predictability. Overlapping area represents the amount of predictability between Everfuel time series from 25th of August 2024 to 9th of October 2024 and 9th of October 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 Everfuel AS price movement. The serial correlation of -0.21 indicates that over 21.0% of current Everfuel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Everfuel AS lagged returns against current returns
Autocorrelation, which is Everfuel 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 Everfuel's stock expected returns. We can calculate the autocorrelation of Everfuel returns to help us make a trade decision. For example, suppose you find that Everfuel 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 |
Everfuel 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 Everfuel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everfuel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everfuel stock over time.
Current vs Lagged Prices |
| Timeline |
Everfuel Lagged Returns
When evaluating Everfuel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everfuel stock have on its future price. Everfuel 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, Everfuel autocorrelation shows the relationship between Everfuel stock current value and its past values and can show if there is a momentum factor associated with investing in Everfuel AS.
Regressed Prices |
| Timeline |
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Everfuel financial ratios help investors to determine whether Everfuel 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 Everfuel with respect to the benefits of owning Everfuel security.