Endur ASA (Norway) Market Value
| ENDUR Stock | NOK 63.00 0.20 0.32% |
| Symbol | Endur |
Endur 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 Endur 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 Endur ASA.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Endur ASA on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Endur ASA or generate 0.0% return on investment in Endur ASA over 30 days. Endur ASA is related to or competes with Magnora ASA, Next Biometrics, Idex ASA, Eidesvik Offshore, and Bergenbio ASA. Endr ASA operates as a supplier of construction and maintenance projects, services, and solutions for marine infrastruct... More
Endur 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 Endur 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 Endur ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.027 | |||
| Maximum Drawdown | 9.63 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 3.62 |
Endur ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endur ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endur ASA's standard deviation. In reality, there are many statistical measures that can use Endur ASA historical prices to predict the future Endur ASA's volatility.| Risk Adjusted Performance | 0.0797 | |||
| Jensen Alpha | 0.1654 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0339 | |||
| Treynor Ratio | 6.18 |
Endur ASA Backtested Returns
As of now, Endur Stock is very steady. Endur ASA secures Sharpe Ratio (or Efficiency) of 0.0243, which denotes the company had a 0.0243% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Endur ASA, which you can use to evaluate the volatility of the firm. Please confirm Endur ASA's Mean Deviation of 1.35, downside deviation of 1.47, and Semi Deviation of 1.33 to check if the risk estimate we provide is consistent with the expected return of 0.0424%. Endur ASA has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0273, which means not very significant fluctuations relative to the market. As returns on the market increase, Endur ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Endur ASA is expected to be smaller as well. Endur ASA right now shows a risk of 1.74%. Please confirm Endur ASA maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if Endur ASA will be following its price patterns.
Auto-correlation | 0.22 |
Weak predictability
Endur ASA has weak predictability. Overlapping area represents the amount of predictability between Endur ASA time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Endur ASA price movement. The serial correlation of 0.22 indicates that over 22.0% of current Endur ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 2.65 |
Endur ASA lagged returns against current returns
Autocorrelation, which is Endur 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 Endur ASA's stock expected returns. We can calculate the autocorrelation of Endur ASA returns to help us make a trade decision. For example, suppose you find that Endur 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 |
Endur 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 Endur ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endur ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endur ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Endur ASA Lagged Returns
When evaluating Endur ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endur ASA stock have on its future price. Endur 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, Endur ASA autocorrelation shows the relationship between Endur ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Endur ASA.
Regressed Prices |
| Timeline |
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Endur ASA financial ratios help investors to determine whether Endur 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 Endur with respect to the benefits of owning Endur ASA security.