Polaris Media (Norway) Market Value
| POL Stock | NOK 87.50 0.50 0.57% |
| Symbol | Polaris |
Polaris Media '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 Polaris Media'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 Polaris Media.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Polaris Media on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Polaris Media or generate 0.0% return on investment in Polaris Media over 30 days. Polaris Media is related to or competes with Kid ASA, Kitron ASA, Olav Thon, Elkem ASA, Vow ASA, North Energy, and Arcticzymes Technologies. Polaris Media ASA operates as an Internet and digital media company in Norway More
Polaris Media 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 Polaris Media'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 Polaris Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.0268 | |||
| Maximum Drawdown | 17.27 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 3.4 |
Polaris Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polaris Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polaris Media's standard deviation. In reality, there are many statistical measures that can use Polaris Media historical prices to predict the future Polaris Media's volatility.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 0.2173 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | (1.09) |
Polaris Media Backtested Returns
Polaris Media appears to be very steady, given 3 months investment horizon. Polaris Media maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Polaris Media, which you can use to evaluate the volatility of the company. Please evaluate Polaris Media's Risk Adjusted Performance of 0.0619, semi deviation of 2.4, and Coefficient Of Variation of 1400.05 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Polaris Media holds a performance score of 8. The company holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Polaris Media are expected to decrease at a much lower rate. During the bear market, Polaris Media is likely to outperform the market. Please check Polaris Media's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Polaris Media's historical price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Polaris Media has weak reverse predictability. Overlapping area represents the amount of predictability between Polaris Media 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 Polaris Media price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Polaris Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 2.14 |
Polaris Media lagged returns against current returns
Autocorrelation, which is Polaris Media 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 Polaris Media's stock expected returns. We can calculate the autocorrelation of Polaris Media returns to help us make a trade decision. For example, suppose you find that Polaris Media 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 |
Polaris Media 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 Polaris Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polaris Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polaris Media stock over time.
Current vs Lagged Prices |
| Timeline |
Polaris Media Lagged Returns
When evaluating Polaris Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polaris Media stock have on its future price. Polaris Media 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, Polaris Media autocorrelation shows the relationship between Polaris Media stock current value and its past values and can show if there is a momentum factor associated with investing in Polaris Media.
Regressed Prices |
| Timeline |
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Polaris Media financial ratios help investors to determine whether Polaris 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 Polaris with respect to the benefits of owning Polaris Media security.