Olav Thon (Norway) Market Value
| OLT Stock | NOK 219.00 3.00 1.35% |
| Symbol | Olav |
Olav Thon '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 Olav Thon'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 Olav Thon.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Olav Thon on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Olav Thon Eien or generate 0.0% return on investment in Olav Thon over 720 days. Olav Thon is related to or competes with Entra ASA, Veidekke ASA, Selvaag Bolig, Storebrand ASA, and Atea ASA. Olav Thon Eiendomsselskap ASA engages in the property rental business in Norway and Sweden More
Olav Thon 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 Olav Thon'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 Olav Thon Eien upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.47 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 0.905 |
Olav Thon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Olav Thon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Olav Thon's standard deviation. In reality, there are many statistical measures that can use Olav Thon historical prices to predict the future Olav Thon's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.2621 |
Olav Thon Eien Backtested Returns
Olav Thon Eien maintains Sharpe Ratio (i.e., Efficiency) of -0.0742, which implies the firm had a -0.0742% return per unit of risk over the last 3 months. Olav Thon Eien exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Olav Thon's Variance of 0.6226, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,539) to confirm the risk estimate we provide. The company holds a Beta of -0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Olav Thon are expected to decrease at a much lower rate. During the bear market, Olav Thon is likely to outperform the market. At this point, Olav Thon Eien has a negative expected return of -0.0588%. Please make sure to check Olav Thon's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Olav Thon Eien performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Olav Thon Eien has virtually no predictability. Overlapping area represents the amount of predictability between Olav Thon time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Olav Thon Eien price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Olav Thon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 333.17 |
Olav Thon Eien lagged returns against current returns
Autocorrelation, which is Olav Thon 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 Olav Thon's stock expected returns. We can calculate the autocorrelation of Olav Thon returns to help us make a trade decision. For example, suppose you find that Olav Thon 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 |
Olav Thon 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 Olav Thon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Olav Thon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Olav Thon stock over time.
Current vs Lagged Prices |
| Timeline |
Olav Thon Lagged Returns
When evaluating Olav Thon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Olav Thon stock have on its future price. Olav Thon 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, Olav Thon autocorrelation shows the relationship between Olav Thon stock current value and its past values and can show if there is a momentum factor associated with investing in Olav Thon Eien.
Regressed Prices |
| Timeline |
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Olav Thon financial ratios help investors to determine whether Olav 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 Olav with respect to the benefits of owning Olav Thon security.