Entra ASA (Norway) Market Value
| ENTRA Stock | NOK 117.20 4.20 3.72% |
| Symbol | Entra |
Entra 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 Entra 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 Entra ASA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Entra ASA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Entra ASA or generate 0.0% return on investment in Entra ASA over 30 days. Entra ASA is related to or competes with Gjensidige Forsikring, Storebrand ASA, Olav Thon, DnB ASA, and Veidekke ASA. Entra ASA owns, develops, and manages office properties in Norway More
Entra 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 Entra 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 Entra ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 10.24 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 2.91 |
Entra ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entra ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entra ASA's standard deviation. In reality, there are many statistical measures that can use Entra ASA historical prices to predict the future Entra ASA's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.55) |
Entra ASA Backtested Returns
Entra ASA secures Sharpe Ratio (or Efficiency) of -0.0999, which denotes the company had a -0.0999% return per unit of risk over the last 3 months. Entra ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Entra ASA's Variance of 3.02, mean deviation of 1.31, and Standard Deviation of 1.74 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Entra ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Entra ASA is expected to be smaller as well. At this point, Entra ASA has a negative expected return of -0.17%. Please make sure to confirm Entra ASA's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Entra ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Entra ASA has modest predictability. Overlapping area represents the amount of predictability between Entra ASA time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Entra ASA price movement. The serial correlation of 0.5 indicates that about 50.0% of current Entra ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 5.11 |
Entra ASA lagged returns against current returns
Autocorrelation, which is Entra 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 Entra ASA's stock expected returns. We can calculate the autocorrelation of Entra ASA returns to help us make a trade decision. For example, suppose you find that Entra 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 |
Entra 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 Entra ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entra ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entra ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Entra ASA Lagged Returns
When evaluating Entra ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entra ASA stock have on its future price. Entra 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, Entra ASA autocorrelation shows the relationship between Entra ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Entra ASA.
Regressed Prices |
| Timeline |
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Entra ASA financial ratios help investors to determine whether Entra 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 Entra with respect to the benefits of owning Entra ASA security.