Electromagnetic Geoservices (Norway) Market Value
| EMGS Stock | NOK 2.24 0.13 5.49% |
| Symbol | Electromagnetic |
Electromagnetic Geoservices '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 Electromagnetic Geoservices' 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 Electromagnetic Geoservices.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in Electromagnetic Geoservices on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Electromagnetic Geoservices ASA or generate 0.0% return on investment in Electromagnetic Geoservices over 30 days. Electromagnetic Geoservices is related to or competes with Prosafe SE, TGS NOPEC, SeaBird Exploration, and BW Offshore. Electromagnetic Geoservices ASA, together with its subsidiaries, provides electromagnetic surveying services to the offs... More
Electromagnetic Geoservices 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 Electromagnetic Geoservices' 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 Electromagnetic Geoservices ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.0379 | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 6.48 |
Electromagnetic Geoservices Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electromagnetic Geoservices' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electromagnetic Geoservices' standard deviation. In reality, there are many statistical measures that can use Electromagnetic Geoservices historical prices to predict the future Electromagnetic Geoservices' volatility.| Risk Adjusted Performance | 0.0475 | |||
| Jensen Alpha | 0.1246 | |||
| Total Risk Alpha | 0.0602 | |||
| Sortino Ratio | 0.0413 | |||
| Treynor Ratio | 1.06 |
Electromagnetic Geoservices Backtested Returns
As of now, Electromagnetic Stock is very risky. Electromagnetic Geoservices secures Sharpe Ratio (or Efficiency) of 0.0558, which denotes the company had a 0.0558% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Electromagnetic Geoservices ASA, which you can use to evaluate the volatility of the firm. Please confirm Electromagnetic Geoservices' Downside Deviation of 2.6, mean deviation of 2.15, and Coefficient Of Variation of 2068.06 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Electromagnetic Geoservices has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, Electromagnetic Geoservices' returns are expected to increase less than the market. However, during the bear market, the loss of holding Electromagnetic Geoservices is expected to be smaller as well. Electromagnetic Geoservices right now shows a risk of 2.93%. Please confirm Electromagnetic Geoservices coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Electromagnetic Geoservices will be following its price patterns.
Auto-correlation | 0.51 |
Modest predictability
Electromagnetic Geoservices ASA has modest predictability. Overlapping area represents the amount of predictability between Electromagnetic Geoservices time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 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 Electromagnetic Geoservices price movement. The serial correlation of 0.51 indicates that about 51.0% of current Electromagnetic Geoservices price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Electromagnetic Geoservices lagged returns against current returns
Autocorrelation, which is Electromagnetic Geoservices 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 Electromagnetic Geoservices' stock expected returns. We can calculate the autocorrelation of Electromagnetic Geoservices returns to help us make a trade decision. For example, suppose you find that Electromagnetic Geoservices 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 |
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Electromagnetic Geoservices 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 Electromagnetic Geoservices stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electromagnetic Geoservices stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electromagnetic Geoservices stock over time.
Current vs Lagged Prices |
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Electromagnetic Geoservices Lagged Returns
When evaluating Electromagnetic Geoservices' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electromagnetic Geoservices stock have on its future price. Electromagnetic Geoservices 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, Electromagnetic Geoservices autocorrelation shows the relationship between Electromagnetic Geoservices stock current value and its past values and can show if there is a momentum factor associated with investing in Electromagnetic Geoservices ASA.
Regressed Prices |
| Timeline |
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Electromagnetic Geoservices financial ratios help investors to determine whether Electromagnetic 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 Electromagnetic with respect to the benefits of owning Electromagnetic Geoservices security.