Reach Subsea (Norway) Market Value
| REACH Stock | NOK 9.26 0.18 1.91% |
| Symbol | Reach |
Reach Subsea '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 Reach Subsea'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 Reach Subsea.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Reach Subsea on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Reach Subsea or generate 0.0% return on investment in Reach Subsea over 30 days. Reach Subsea is related to or competes with BW Offshore, and Odfjell Drilling. The company offers inspection, maintenance, and repair services and remotely operated vehicles, survey, and construction... More
Reach Subsea 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 Reach Subsea'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 Reach Subsea upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.0042 | |||
| Maximum Drawdown | 12.39 | |||
| Value At Risk | (4.47) | |||
| Potential Upside | 4.2 |
Reach Subsea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reach Subsea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reach Subsea's standard deviation. In reality, there are many statistical measures that can use Reach Subsea historical prices to predict the future Reach Subsea's volatility.| Risk Adjusted Performance | 0.0403 | |||
| Jensen Alpha | 0.089 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0037 | |||
| Treynor Ratio | 0.4991 |
Reach Subsea Backtested Returns
As of now, Reach Stock is somewhat reliable. Reach Subsea maintains Sharpe Ratio (i.e., Efficiency) of 0.0163, which implies the firm had a 0.0163% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Reach Subsea, which you can use to evaluate the volatility of the company. Please check Reach Subsea's Risk Adjusted Performance of 0.0403, semi deviation of 2.98, and Coefficient Of Variation of 2306.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0458%. Reach Subsea has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Reach Subsea's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reach Subsea is expected to be smaller as well. Reach Subsea right now holds a risk of 2.81%. Please check Reach Subsea maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Reach Subsea will be following its historical price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Reach Subsea has very weak reverse predictability. Overlapping area represents the amount of predictability between Reach Subsea time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Reach Subsea price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Reach Subsea price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Reach Subsea lagged returns against current returns
Autocorrelation, which is Reach Subsea 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 Reach Subsea's stock expected returns. We can calculate the autocorrelation of Reach Subsea returns to help us make a trade decision. For example, suppose you find that Reach Subsea 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 |
Reach Subsea 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 Reach Subsea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reach Subsea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reach Subsea stock over time.
Current vs Lagged Prices |
| Timeline |
Reach Subsea Lagged Returns
When evaluating Reach Subsea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reach Subsea stock have on its future price. Reach Subsea 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, Reach Subsea autocorrelation shows the relationship between Reach Subsea stock current value and its past values and can show if there is a momentum factor associated with investing in Reach Subsea.
Regressed Prices |
| Timeline |
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Reach Subsea financial ratios help investors to determine whether Reach 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 Reach with respect to the benefits of owning Reach Subsea security.