Atea ASA (Germany) Market Value
| MKL Stock | EUR 11.42 0.26 2.23% |
| Symbol | Atea |
Atea 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 Atea 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 Atea ASA.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Atea ASA on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Atea ASA or generate 0.0% return on investment in Atea ASA over 720 days. Atea ASA is related to or competes with NAKED WINES, PennyMac Mortgage, Sims Metal, CEOTRONICS, Perdoceo Education, ITALIAN WINE, and Q2M Managementberatu. Atea ASA provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic c... More
Atea 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 Atea 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 Atea ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.0889 | |||
| Maximum Drawdown | 42.63 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 3.36 |
Atea ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atea ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atea ASA's standard deviation. In reality, there are many statistical measures that can use Atea ASA historical prices to predict the future Atea ASA's volatility.| Risk Adjusted Performance | 0.0948 | |||
| Jensen Alpha | 0.5301 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.2575 | |||
| Treynor Ratio | 1.17 |
Atea ASA Backtested Returns
Atea ASA appears to be slightly risky, given 3 months investment horizon. Atea ASA secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing Atea ASA's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Atea ASA's mean deviation of 1.97, and Risk Adjusted Performance of 0.0948 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Atea ASA holds a performance score of 8. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Atea ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atea ASA is expected to be smaller as well. Please check Atea ASA's sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether Atea ASA's price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Atea ASA has very good predictability. Overlapping area represents the amount of predictability between Atea ASA time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Atea ASA price movement. The serial correlation of 0.82 indicates that around 82.0% of current Atea ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
Atea ASA lagged returns against current returns
Autocorrelation, which is Atea 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 Atea ASA's stock expected returns. We can calculate the autocorrelation of Atea ASA returns to help us make a trade decision. For example, suppose you find that Atea 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 |
Atea 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 Atea ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atea ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atea ASA stock over time.
Current vs Lagged Prices |
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Atea ASA Lagged Returns
When evaluating Atea ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atea ASA stock have on its future price. Atea 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, Atea ASA autocorrelation shows the relationship between Atea ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Atea ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Atea Stock
Atea ASA financial ratios help investors to determine whether Atea 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 Atea with respect to the benefits of owning Atea ASA security.