Grieg Seafood (Norway) Market Value
| GSF Stock | NOK 57.35 6.95 10.81% |
| Symbol | Grieg |
Grieg Seafood '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 Grieg Seafood'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 Grieg Seafood.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Grieg Seafood on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Grieg Seafood ASA or generate 0.0% return on investment in Grieg Seafood over 30 days. Grieg Seafood is related to or competes with Lery Seafood, SalMar ASA, Austevoll Seafood, Mowi ASA, and Pf Bakkafrost. Grieg Seafood ASA, through its subsidiaries, operates as a fish farming company More
Grieg Seafood 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 Grieg Seafood'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 Grieg Seafood ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.1122 | |||
| Maximum Drawdown | 13.98 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 4.71 |
Grieg Seafood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grieg Seafood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grieg Seafood's standard deviation. In reality, there are many statistical measures that can use Grieg Seafood historical prices to predict the future Grieg Seafood's volatility.| Risk Adjusted Performance | 0.1326 | |||
| Jensen Alpha | 0.3578 | |||
| Total Risk Alpha | 0.0128 | |||
| Sortino Ratio | 0.1495 | |||
| Treynor Ratio | 1.26 |
Grieg Seafood ASA Backtested Returns
Grieg Seafood appears to be very steady, given 3 months investment horizon. Grieg Seafood ASA holds Efficiency (Sharpe) Ratio of 0.0989, which attests that the entity had a 0.0989% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Grieg Seafood ASA, which you can use to evaluate the volatility of the firm. Please utilize Grieg Seafood's Downside Deviation of 1.85, market risk adjusted performance of 1.27, and Risk Adjusted Performance of 0.1326 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grieg Seafood holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grieg Seafood's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grieg Seafood is expected to be smaller as well. Please check Grieg Seafood's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Grieg Seafood's current trending patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Grieg Seafood ASA has weak reverse predictability. Overlapping area represents the amount of predictability between Grieg Seafood 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 Grieg Seafood ASA price movement. The serial correlation of -0.23 indicates that over 23.0% of current Grieg Seafood price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Grieg Seafood ASA lagged returns against current returns
Autocorrelation, which is Grieg Seafood 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 Grieg Seafood's stock expected returns. We can calculate the autocorrelation of Grieg Seafood returns to help us make a trade decision. For example, suppose you find that Grieg Seafood 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 |
Grieg Seafood 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 Grieg Seafood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grieg Seafood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grieg Seafood stock over time.
Current vs Lagged Prices |
| Timeline |
Grieg Seafood Lagged Returns
When evaluating Grieg Seafood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grieg Seafood stock have on its future price. Grieg Seafood 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, Grieg Seafood autocorrelation shows the relationship between Grieg Seafood stock current value and its past values and can show if there is a momentum factor associated with investing in Grieg Seafood ASA.
Regressed Prices |
| Timeline |
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Grieg Seafood financial ratios help investors to determine whether Grieg 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 Grieg with respect to the benefits of owning Grieg Seafood security.