ODIN NORSK (Norway) Market Value
| NO0008000056 | 1,109 0.33 0.03% |
| Symbol | ODIN |
ODIN NORSK '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 ODIN NORSK's fund 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 ODIN NORSK.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in ODIN NORSK on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding ODIN NORSK OBLIGASJON or generate 0.0% return on investment in ODIN NORSK over 60 days.
ODIN NORSK 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 ODIN NORSK's fund 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 ODIN NORSK OBLIGASJON upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.016 | |||
| Information Ratio | (6.56) | |||
| Maximum Drawdown | 0.0816 | |||
| Value At Risk | (0.01) | |||
| Potential Upside | 0.0506 |
ODIN NORSK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ODIN NORSK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ODIN NORSK's standard deviation. In reality, there are many statistical measures that can use ODIN NORSK historical prices to predict the future ODIN NORSK's volatility.| Risk Adjusted Performance | 0.3546 | |||
| Jensen Alpha | 0.008 | |||
| Total Risk Alpha | 0.0052 | |||
| Sortino Ratio | (7.47) | |||
| Treynor Ratio | 5.86 |
ODIN NORSK OBLIGASJON Backtested Returns
At this point, ODIN NORSK is very steady. ODIN NORSK OBLIGASJON maintains Sharpe Ratio (i.e., Efficiency) of 0.95, which implies the entity had a 0.95% return per unit of volatility over the last 3 months. We have found twenty-six technical indicators for ODIN NORSK OBLIGASJON, which you can use to evaluate the volatility of the fund. Please check ODIN NORSK's risk adjusted performance of 0.3546, and Downside Deviation of 0.016 to confirm if the risk estimate we provide is consistent with the expected return of 0.0174%. The fund holds a Beta of 0.0014, which implies not very significant fluctuations relative to the market. As returns on the market increase, ODIN NORSK's returns are expected to increase less than the market. However, during the bear market, the loss of holding ODIN NORSK is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
ODIN NORSK OBLIGASJON has very good predictability. Overlapping area represents the amount of predictability between ODIN NORSK time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd of December 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 ODIN NORSK OBLIGASJON price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current ODIN NORSK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
ODIN NORSK OBLIGASJON lagged returns against current returns
Autocorrelation, which is ODIN NORSK fund'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 ODIN NORSK's fund expected returns. We can calculate the autocorrelation of ODIN NORSK returns to help us make a trade decision. For example, suppose you find that ODIN NORSK has exhibited high autocorrelation historically, and you observe that the fund 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 |
ODIN NORSK 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 ODIN NORSK fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ODIN NORSK fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ODIN NORSK fund over time.
Current vs Lagged Prices |
| Timeline |
ODIN NORSK Lagged Returns
When evaluating ODIN NORSK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ODIN NORSK fund have on its future price. ODIN NORSK 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, ODIN NORSK autocorrelation shows the relationship between ODIN NORSK fund current value and its past values and can show if there is a momentum factor associated with investing in ODIN NORSK OBLIGASJON.
Regressed Prices |
| Timeline |
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