Multiconsult (Norway) Market Value
| MULTI Stock | NOK 194.00 3.00 1.57% |
| Symbol | Multiconsult |
Multiconsult '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 Multiconsult'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 Multiconsult.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Multiconsult on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Multiconsult AS or generate 0.0% return on investment in Multiconsult over 390 days. Multiconsult is related to or competes with Kitron ASA, Veidekke ASA, Europris ASA, AF Gruppen, and Kid ASA. Multiconsult ASA provides engineering design, consultancy, and architecture services in the Norway and internationally More
Multiconsult 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 Multiconsult'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 Multiconsult AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 2.37 |
Multiconsult Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multiconsult's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multiconsult's standard deviation. In reality, there are many statistical measures that can use Multiconsult historical prices to predict the future Multiconsult's volatility.| Risk Adjusted Performance | 0.0625 | |||
| Jensen Alpha | 0.0939 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.82) |
Multiconsult AS Backtested Returns
As of now, Multiconsult Stock is very steady. Multiconsult AS has Sharpe Ratio of 0.0843, which conveys that the firm had a 0.0843% return per unit of risk over the last 3 months. We have found thirty technical indicators for Multiconsult, which you can use to evaluate the volatility of the firm. Please verify Multiconsult's Mean Deviation of 0.8911, risk adjusted performance of 0.0625, and Downside Deviation of 1.1 to check out if the risk estimate we provide is consistent with the expected return of 0.0995%. Multiconsult has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0993, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Multiconsult are expected to decrease at a much lower rate. During the bear market, Multiconsult is likely to outperform the market. Multiconsult AS right now secures a risk of 1.18%. Please verify Multiconsult AS semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Multiconsult AS will be following its current price movements.
Auto-correlation | 0.91 |
Excellent predictability
Multiconsult AS has excellent predictability. Overlapping area represents the amount of predictability between Multiconsult time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Multiconsult AS price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Multiconsult price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 180.67 |
Multiconsult AS lagged returns against current returns
Autocorrelation, which is Multiconsult 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 Multiconsult's stock expected returns. We can calculate the autocorrelation of Multiconsult returns to help us make a trade decision. For example, suppose you find that Multiconsult 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 |
Multiconsult 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 Multiconsult stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multiconsult stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multiconsult stock over time.
Current vs Lagged Prices |
| Timeline |
Multiconsult Lagged Returns
When evaluating Multiconsult's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multiconsult stock have on its future price. Multiconsult 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, Multiconsult autocorrelation shows the relationship between Multiconsult stock current value and its past values and can show if there is a momentum factor associated with investing in Multiconsult AS.
Regressed Prices |
| Timeline |
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Multiconsult financial ratios help investors to determine whether Multiconsult 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 Multiconsult with respect to the benefits of owning Multiconsult security.