Gjensidige Forsikring (Norway) Market Value
| GJF Stock | NOK 195.50 2.40 1.24% |
| Symbol | Gjensidige |
Gjensidige Forsikring '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 Gjensidige Forsikring'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 Gjensidige Forsikring.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Gjensidige Forsikring on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Gjensidige Forsikring ASA or generate 0.0% return on investment in Gjensidige Forsikring over 390 days. Gjensidige Forsikring is related to or competes with DnB ASA, Storebrand ASA, Orkla ASA, Telenor ASA, and Yara International. Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Est... More
Gjensidige Forsikring 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 Gjensidige Forsikring'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 Gjensidige Forsikring ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8549 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.05 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.92 |
Gjensidige Forsikring Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gjensidige Forsikring's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gjensidige Forsikring's standard deviation. In reality, there are many statistical measures that can use Gjensidige Forsikring historical prices to predict the future Gjensidige Forsikring's volatility.| Risk Adjusted Performance | 0.0731 | |||
| Jensen Alpha | 0.073 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.7652 |
Gjensidige Forsikring ASA Backtested Returns
As of now, Gjensidige Stock is very steady. Gjensidige Forsikring ASA holds Efficiency (Sharpe) Ratio of 0.0877, which attests that the entity had a 0.0877% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gjensidige Forsikring ASA, which you can use to evaluate the volatility of the firm. Please check out Gjensidige Forsikring's Downside Deviation of 0.8549, risk adjusted performance of 0.0731, and Market Risk Adjusted Performance of 0.7752 to validate if the risk estimate we provide is consistent with the expected return of 0.0894%. Gjensidige Forsikring has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gjensidige Forsikring's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gjensidige Forsikring is expected to be smaller as well. Gjensidige Forsikring ASA right now retains a risk of 1.02%. Please check out Gjensidige Forsikring downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if Gjensidige Forsikring will be following its current trending patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Gjensidige Forsikring ASA has virtually no predictability. Overlapping area represents the amount of predictability between Gjensidige Forsikring time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Gjensidige Forsikring ASA price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Gjensidige Forsikring price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 44.7 |
Gjensidige Forsikring ASA lagged returns against current returns
Autocorrelation, which is Gjensidige Forsikring 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 Gjensidige Forsikring's stock expected returns. We can calculate the autocorrelation of Gjensidige Forsikring returns to help us make a trade decision. For example, suppose you find that Gjensidige Forsikring 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 |
Gjensidige Forsikring 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 Gjensidige Forsikring stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gjensidige Forsikring stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gjensidige Forsikring stock over time.
Current vs Lagged Prices |
| Timeline |
Gjensidige Forsikring Lagged Returns
When evaluating Gjensidige Forsikring's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gjensidige Forsikring stock have on its future price. Gjensidige Forsikring 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, Gjensidige Forsikring autocorrelation shows the relationship between Gjensidige Forsikring stock current value and its past values and can show if there is a momentum factor associated with investing in Gjensidige Forsikring ASA.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Gjensidige Stock
Gjensidige Forsikring financial ratios help investors to determine whether Gjensidige 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 Gjensidige with respect to the benefits of owning Gjensidige Forsikring security.