Freyr Battery Sa Stock Market Value
| FREY Stock | USD 2.23 0.22 8.98% |
| Symbol | FREYR |
FREYR Battery SA Price To Book Ratio
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FREYR Battery. If investors know FREYR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FREYR Battery listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.11) | Return On Assets (0.12) | Return On Equity (0.18) |
The market value of FREYR Battery SA is measured differently than its book value, which is the value of FREYR that is recorded on the company's balance sheet. Investors also form their own opinion of FREYR Battery's value that differs from its market value or its book value, called intrinsic value, which is FREYR Battery's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FREYR Battery's market value can be influenced by many factors that don't directly affect FREYR Battery's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FREYR Battery's value and its price as these two are different measures arrived at by different means. Investors typically determine if FREYR Battery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FREYR Battery's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
FREYR Battery '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 FREYR Battery'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 FREYR Battery.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in FREYR Battery on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding FREYR Battery SA or generate 0.0% return on investment in FREYR Battery over 30 days. FREYR Battery is related to or competes with Solid Power, Enovix Corp, Microvast Holdings, LiCycle Holdings, and Fluence Energy. FREYR Battery engages in the production and sale of battery cells for stationary energy storage, electric mobility, and ... More
FREYR Battery 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 FREYR Battery'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 FREYR Battery SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.54 | |||
| Information Ratio | 0.1297 | |||
| Maximum Drawdown | 79.43 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 13.17 |
FREYR Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FREYR Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FREYR Battery's standard deviation. In reality, there are many statistical measures that can use FREYR Battery historical prices to predict the future FREYR Battery's volatility.| Risk Adjusted Performance | 0.1183 | |||
| Jensen Alpha | 0.5851 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.2467 | |||
| Treynor Ratio | 0.1991 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FREYR Battery'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.
FREYR Battery SA Backtested Returns
FREYR Battery is very risky given 3 months investment horizon. FREYR Battery SA secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of return volatility over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.47% are justified by taking the suggested risk. Use FREYR Battery downside deviation of 5.54, and Mean Deviation of 5.57 to evaluate company specific risk that cannot be diversified away. FREYR Battery holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 7.47, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, FREYR Battery will likely underperform. Use FREYR Battery downside variance, and the relationship between the total risk alpha and daily balance of power , to analyze future returns on FREYR Battery.
Auto-correlation | 0.62 |
Good predictability
FREYR Battery SA has good predictability. Overlapping area represents the amount of predictability between FREYR Battery time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 FREYR Battery SA price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current FREYR Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
FREYR Battery SA lagged returns against current returns
Autocorrelation, which is FREYR Battery 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 FREYR Battery's stock expected returns. We can calculate the autocorrelation of FREYR Battery returns to help us make a trade decision. For example, suppose you find that FREYR Battery 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 |
FREYR Battery 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 FREYR Battery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FREYR Battery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FREYR Battery stock over time.
Current vs Lagged Prices |
| Timeline |
FREYR Battery Lagged Returns
When evaluating FREYR Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FREYR Battery stock have on its future price. FREYR Battery 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, FREYR Battery autocorrelation shows the relationship between FREYR Battery stock current value and its past values and can show if there is a momentum factor associated with investing in FREYR Battery SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for FREYR Stock Analysis
When running FREYR Battery's price analysis, check to measure FREYR Battery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FREYR Battery is operating at the current time. Most of FREYR Battery's value examination focuses on studying past and present price action to predict the probability of FREYR Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FREYR Battery's price. Additionally, you may evaluate how the addition of FREYR Battery to your portfolios can decrease your overall portfolio volatility.