Proximar Seafood (Norway) Market Value
| PROXI Stock | NOK 3.42 0.18 5.00% |
| Symbol | Proximar |
Proximar Seafood '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 Proximar Seafood'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 Proximar Seafood.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Proximar Seafood on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Proximar Seafood AS or generate 0.0% return on investment in Proximar Seafood over 30 days. Proximar Seafood is related to or competes with Nidaros Sparebank, Aasen Sparebank, Pareto Bank, Gaming Innovation, Odfjell Technology, Jaeren Sparebank, and Xplora Technologies. Proximar Seafood AS engages in land-based salmon farming activities More
Proximar Seafood 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 Proximar Seafood'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 Proximar Seafood AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 3.65 |
Proximar Seafood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Proximar Seafood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Proximar Seafood's standard deviation. In reality, there are many statistical measures that can use Proximar Seafood historical prices to predict the future Proximar Seafood's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.62) |
Proximar Seafood Backtested Returns
Proximar Seafood maintains Sharpe Ratio (i.e., Efficiency) of -0.0573, which implies the firm had a -0.0573% return per unit of risk over the last 3 months. Proximar Seafood exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Proximar Seafood's Variance of 5.42, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,038) to confirm the risk estimate we provide. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Proximar Seafood's returns are expected to increase less than the market. However, during the bear market, the loss of holding Proximar Seafood is expected to be smaller as well. At this point, Proximar Seafood has a negative expected return of -0.14%. Please make sure to check Proximar Seafood's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Proximar Seafood performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Proximar Seafood AS has poor predictability. Overlapping area represents the amount of predictability between Proximar Seafood time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Proximar Seafood price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Proximar Seafood price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Proximar Seafood lagged returns against current returns
Autocorrelation, which is Proximar Seafood 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 Proximar Seafood's stock expected returns. We can calculate the autocorrelation of Proximar Seafood returns to help us make a trade decision. For example, suppose you find that Proximar Seafood 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 |
Proximar Seafood 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 Proximar Seafood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Proximar Seafood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Proximar Seafood stock over time.
Current vs Lagged Prices |
| Timeline |
Proximar Seafood Lagged Returns
When evaluating Proximar Seafood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Proximar Seafood stock have on its future price. Proximar Seafood 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, Proximar Seafood autocorrelation shows the relationship between Proximar Seafood stock current value and its past values and can show if there is a momentum factor associated with investing in Proximar Seafood AS.
Regressed Prices |
| Timeline |
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Proximar Seafood financial ratios help investors to determine whether Proximar 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 Proximar with respect to the benefits of owning Proximar Seafood security.