Elkem Asa Stock Market Value
| ELKEF Stock | USD 2.60 0.00 0.00% |
| Symbol | Elkem |
Elkem 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 Elkem ASA's otc 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 Elkem ASA.
| 07/01/2025 |
| 12/28/2025 |
If you would invest 0.00 in Elkem ASA on July 1, 2025 and sell it all today you would earn a total of 0.00 from holding Elkem ASA or generate 0.0% return on investment in Elkem ASA over 180 days. Elkem ASA is related to or competes with Tokuyama Corp, Tokai Carbon, Huabao International, 5N Plus, Corbion NV, AlzChem Group, and China Resources. Elkem ASA manufactures and sells metals and materials in Norway, the United Kingdom, Germany, France, Italy, Poland, Spa... More
Elkem 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 Elkem ASA's otc 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 Elkem ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0517 | |||
| Maximum Drawdown | 9.7 |
Elkem ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elkem ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elkem ASA's standard deviation. In reality, there are many statistical measures that can use Elkem ASA historical prices to predict the future Elkem ASA's volatility.| Risk Adjusted Performance | 0.0905 | |||
| Jensen Alpha | 0.1273 | |||
| Total Risk Alpha | 0.0089 | |||
| Treynor Ratio | 1.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elkem ASA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Elkem ASA Backtested Returns
At this point, Elkem ASA is slightly risky. Elkem ASA secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Elkem ASA, which you can use to evaluate the volatility of the firm. Please confirm Elkem ASA's Variance of 1.43, standard deviation of 1.19, and Mean Deviation of 0.2896 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Elkem ASA has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Elkem ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elkem ASA is expected to be smaller as well. Elkem ASA right now shows a risk of 1.19%. Please confirm Elkem ASA jensen alpha, as well as the relationship between the kurtosis and day typical price , to decide if Elkem ASA will be following its price patterns.
Auto-correlation | 0.77 |
Good predictability
Elkem ASA has good predictability. Overlapping area represents the amount of predictability between Elkem ASA time series from 1st of July 2025 to 29th of September 2025 and 29th of September 2025 to 28th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elkem ASA price movement. The serial correlation of 0.77 indicates that around 77.0% of current Elkem ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Elkem ASA lagged returns against current returns
Autocorrelation, which is Elkem ASA otc 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 Elkem ASA's otc stock expected returns. We can calculate the autocorrelation of Elkem ASA returns to help us make a trade decision. For example, suppose you find that Elkem ASA has exhibited high autocorrelation historically, and you observe that the otc 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 |
Elkem 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 Elkem ASA otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elkem ASA otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elkem ASA otc stock over time.
Current vs Lagged Prices |
| Timeline |
Elkem ASA Lagged Returns
When evaluating Elkem ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elkem ASA otc stock have on its future price. Elkem 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, Elkem ASA autocorrelation shows the relationship between Elkem ASA otc stock current value and its past values and can show if there is a momentum factor associated with investing in Elkem ASA.
Regressed Prices |
| Timeline |
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Other Information on Investing in Elkem OTC Stock
Elkem ASA financial ratios help investors to determine whether Elkem OTC 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 Elkem with respect to the benefits of owning Elkem ASA security.