Kongsberg Gruppen (Norway) Market Value
| KOG Stock | NOK 1,286 26.00 1.98% |
| Symbol | Kongsberg |
Kongsberg Gruppen '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 Kongsberg Gruppen'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 Kongsberg Gruppen.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Kongsberg Gruppen on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Kongsberg Gruppen ASA or generate 0.0% return on investment in Kongsberg Gruppen over 180 days. Kongsberg Gruppen is related to or competes with DnB ASA, Orkla ASA, Storebrand ASA, Yara International, and Telenor ASA. Kongsberg Gruppen ASA, together with its subsidiaries, provides technology systems and solutions to customers in deep-se... More
Kongsberg Gruppen 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 Kongsberg Gruppen'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 Kongsberg Gruppen ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.0891 | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.16 |
Kongsberg Gruppen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kongsberg Gruppen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kongsberg Gruppen's standard deviation. In reality, there are many statistical measures that can use Kongsberg Gruppen historical prices to predict the future Kongsberg Gruppen's volatility.| Risk Adjusted Performance | 0.1217 | |||
| Jensen Alpha | 0.2955 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0803 | |||
| Treynor Ratio | 4.29 |
Kongsberg Gruppen ASA Backtested Returns
Kongsberg Gruppen appears to be very steady, given 3 months investment horizon. Kongsberg Gruppen ASA has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kongsberg Gruppen, which you can use to evaluate the volatility of the firm. Please exercise Kongsberg Gruppen's Downside Deviation of 2.31, risk adjusted performance of 0.1217, and Mean Deviation of 1.49 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kongsberg Gruppen holds a performance score of 10. The company secures a Beta (Market Risk) of 0.0708, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kongsberg Gruppen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kongsberg Gruppen is expected to be smaller as well. Please check Kongsberg Gruppen's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Kongsberg Gruppen's current price movements will revert.
Auto-correlation | 0.78 |
Good predictability
Kongsberg Gruppen ASA has good predictability. Overlapping area represents the amount of predictability between Kongsberg Gruppen time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Kongsberg Gruppen ASA price movement. The serial correlation of 0.78 indicates that around 78.0% of current Kongsberg Gruppen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 5218.86 |
Kongsberg Gruppen ASA lagged returns against current returns
Autocorrelation, which is Kongsberg Gruppen 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 Kongsberg Gruppen's stock expected returns. We can calculate the autocorrelation of Kongsberg Gruppen returns to help us make a trade decision. For example, suppose you find that Kongsberg Gruppen 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 |
Kongsberg Gruppen 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 Kongsberg Gruppen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kongsberg Gruppen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kongsberg Gruppen stock over time.
Current vs Lagged Prices |
| Timeline |
Kongsberg Gruppen Lagged Returns
When evaluating Kongsberg Gruppen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kongsberg Gruppen stock have on its future price. Kongsberg Gruppen 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, Kongsberg Gruppen autocorrelation shows the relationship between Kongsberg Gruppen stock current value and its past values and can show if there is a momentum factor associated with investing in Kongsberg Gruppen ASA.
Regressed Prices |
| Timeline |
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Kongsberg Gruppen financial ratios help investors to determine whether Kongsberg 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 Kongsberg with respect to the benefits of owning Kongsberg Gruppen security.