Pareto Bank (Norway) Market Value
| PARB Stock | NOK 66.30 0.90 1.38% |
| Symbol | Pareto |
Pareto Bank '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 Pareto Bank'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 Pareto Bank.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Pareto Bank on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Pareto Bank ASA or generate 0.0% return on investment in Pareto Bank over 30 days. Pareto Bank is related to or competes with Sparebank, Storebrand ASA, DnB ASA, Europris ASA, and Sparebanken Vest. Pareto Bank ASA provides various financial products and services in Norway More
Pareto Bank 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 Pareto Bank'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 Pareto Bank ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.85 |
Pareto Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pareto Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pareto Bank's standard deviation. In reality, there are many statistical measures that can use Pareto Bank historical prices to predict the future Pareto Bank's volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.0155 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.396 |
Pareto Bank ASA Backtested Returns
As of now, Pareto Stock is very steady. Pareto Bank ASA maintains Sharpe Ratio (i.e., Efficiency) of 6.0E-4, which implies the firm had a 6.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pareto Bank ASA, which you can use to evaluate the volatility of the company. Please check Pareto Bank's Semi Deviation of 0.9275, coefficient of variation of 3395.02, and Risk Adjusted Performance of 0.0252 to confirm if the risk estimate we provide is consistent with the expected return of 7.0E-4%. The company holds a Beta of 0.0523, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pareto Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pareto Bank is expected to be smaller as well. Pareto Bank ASA right now holds a risk of 1.04%. Please check Pareto Bank ASA maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Pareto Bank ASA will be following its historical price patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Pareto Bank ASA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Pareto Bank time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Pareto Bank ASA price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Pareto Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Pareto Bank ASA lagged returns against current returns
Autocorrelation, which is Pareto Bank 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 Pareto Bank's stock expected returns. We can calculate the autocorrelation of Pareto Bank returns to help us make a trade decision. For example, suppose you find that Pareto Bank 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 |
Pareto Bank 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 Pareto Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pareto Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pareto Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Pareto Bank Lagged Returns
When evaluating Pareto Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pareto Bank stock have on its future price. Pareto Bank 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, Pareto Bank autocorrelation shows the relationship between Pareto Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Pareto Bank ASA.
Regressed Prices |
| Timeline |
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Pareto Bank financial ratios help investors to determine whether Pareto 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 Pareto with respect to the benefits of owning Pareto Bank security.