Sparebanken Mre (Norway) Market Value
| MORG Stock | NOK 92.00 0.90 0.97% |
| Symbol | Sparebanken |
Sparebanken Mre '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 Sparebanken Mre'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 Sparebanken Mre.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sparebanken Mre on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sparebanken Mre or generate 0.0% return on investment in Sparebanken Mre over 30 days. Sparebanken Mre is related to or competes with DnB ASA, Sparebank, Sparebank, Sparebank, and Helgeland Sparebank. Sparebanken Mre, together with its subsidiaries, provides banking services for retail and corporate customers primarily ... More
Sparebanken Mre 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 Sparebanken Mre'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 Sparebanken Mre upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.048 | |||
| Maximum Drawdown | 5.27 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.2 |
Sparebanken Mre Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparebanken Mre's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparebanken Mre's standard deviation. In reality, there are many statistical measures that can use Sparebanken Mre historical prices to predict the future Sparebanken Mre's volatility.| Risk Adjusted Performance | 0.1274 | |||
| Jensen Alpha | 0.1607 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0495 | |||
| Treynor Ratio | 1.73 |
Sparebanken Mre Backtested Returns
As of now, Sparebanken Stock is very steady. Sparebanken Mre owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sparebanken Mre, which you can use to evaluate the volatility of the company. Please validate Sparebanken Mre's Risk Adjusted Performance of 0.1274, coefficient of variation of 615.46, and Semi Deviation of 0.844 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Sparebanken Mre has a performance score of 9 on a scale of 0 to 100. The entity has a beta of 0.0998, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sparebanken Mre's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparebanken Mre is expected to be smaller as well. Sparebanken Mre right now has a risk of 1.13%. Please validate Sparebanken Mre mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Sparebanken Mre will be following its existing price patterns.
Auto-correlation | 0.69 |
Good predictability
Sparebanken Mre has good predictability. Overlapping area represents the amount of predictability between Sparebanken Mre time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Sparebanken Mre price movement. The serial correlation of 0.69 indicates that around 69.0% of current Sparebanken Mre price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Sparebanken Mre lagged returns against current returns
Autocorrelation, which is Sparebanken Mre 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 Sparebanken Mre's stock expected returns. We can calculate the autocorrelation of Sparebanken Mre returns to help us make a trade decision. For example, suppose you find that Sparebanken Mre 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 |
Sparebanken Mre 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 Sparebanken Mre stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparebanken Mre stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparebanken Mre stock over time.
Current vs Lagged Prices |
| Timeline |
Sparebanken Mre Lagged Returns
When evaluating Sparebanken Mre's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparebanken Mre stock have on its future price. Sparebanken Mre 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, Sparebanken Mre autocorrelation shows the relationship between Sparebanken Mre stock current value and its past values and can show if there is a momentum factor associated with investing in Sparebanken Mre.
Regressed Prices |
| Timeline |
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Sparebanken Mre financial ratios help investors to determine whether Sparebanken 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 Sparebanken with respect to the benefits of owning Sparebanken Mre security.