Gyldendal ASA (Norway) Market Value
| GYL Stock | NOK 402.00 18.00 4.29% |
| Symbol | Gyldendal |
Gyldendal 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 Gyldendal 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 Gyldendal ASA.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Gyldendal ASA on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Gyldendal ASA or generate 0.0% return on investment in Gyldendal ASA over 30 days. Gyldendal ASA is related to or competes with Europris ASA, Selvaag Bolig, Storebrand ASA, Kitron ASA, and Orkla ASA. Gyldendal ASA, through its subsidiaries publishes and sells books in Norway More
Gyldendal 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 Gyldendal 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 Gyldendal ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.29 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 5.0 |
Gyldendal ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gyldendal ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gyldendal ASA's standard deviation. In reality, there are many statistical measures that can use Gyldendal ASA historical prices to predict the future Gyldendal ASA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.4873 |
Gyldendal ASA Backtested Returns
Gyldendal ASA holds Efficiency (Sharpe) Ratio of -0.0295, which attests that the entity had a -0.0295% return per unit of risk over the last 3 months. Gyldendal ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gyldendal ASA's Market Risk Adjusted Performance of 0.4973, standard deviation of 2.19, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gyldendal ASA are expected to decrease at a much lower rate. During the bear market, Gyldendal ASA is likely to outperform the market. At this point, Gyldendal ASA has a negative expected return of -0.0651%. Please make sure to check out Gyldendal ASA's total risk alpha, daily balance of power, relative strength index, as well as the relationship between the potential upside and day typical price , to decide if Gyldendal ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Gyldendal ASA has good predictability. Overlapping area represents the amount of predictability between Gyldendal ASA time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Gyldendal ASA price movement. The serial correlation of 0.7 indicates that around 70.0% of current Gyldendal ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 72.6 |
Gyldendal ASA lagged returns against current returns
Autocorrelation, which is Gyldendal 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 Gyldendal ASA's stock expected returns. We can calculate the autocorrelation of Gyldendal ASA returns to help us make a trade decision. For example, suppose you find that Gyldendal 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 |
Gyldendal 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 Gyldendal ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gyldendal ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gyldendal ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Gyldendal ASA Lagged Returns
When evaluating Gyldendal ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gyldendal ASA stock have on its future price. Gyldendal 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, Gyldendal ASA autocorrelation shows the relationship between Gyldendal ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Gyldendal 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 Gyldendal Stock
Gyldendal ASA financial ratios help investors to determine whether Gyldendal 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 Gyldendal with respect to the benefits of owning Gyldendal ASA security.