Romsdal Sparebank (Norway) Market Value
| ROMSB Stock | NOK 123.96 0.02 0.02% |
| Symbol | Romsdal |
Romsdal Sparebank '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 Romsdal Sparebank'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 Romsdal Sparebank.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Romsdal Sparebank on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Romsdal Sparebank or generate 0.0% return on investment in Romsdal Sparebank over 720 days. Romsdal Sparebank is related to or competes with Odfjell Technology, Sparebanken Ost, Nordic Mining, Nordhealth, and Sparebank. Romsdal Sparebank operates as a savings bank that provides various financial products and services to retail and corpora... More
Romsdal Sparebank 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 Romsdal Sparebank'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 Romsdal Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8401 | |||
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 4.98 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.9934 |
Romsdal Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Romsdal Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Romsdal Sparebank's standard deviation. In reality, there are many statistical measures that can use Romsdal Sparebank historical prices to predict the future Romsdal Sparebank's volatility.| Risk Adjusted Performance | 0.1551 | |||
| Jensen Alpha | 0.1272 | |||
| Total Risk Alpha | 0.041 | |||
| Sortino Ratio | 0.0366 | |||
| Treynor Ratio | 4.3 |
Romsdal Sparebank Backtested Returns
As of now, Romsdal Stock is very steady. Romsdal Sparebank maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Romsdal Sparebank, which you can use to evaluate the volatility of the company. Please check Romsdal Sparebank's Standard Deviation of 0.6842, risk adjusted performance of 0.1551, and Downside Deviation of 0.8401 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Romsdal Sparebank has a performance score of 15 on a scale of 0 to 100. The company holds a Beta of 0.0303, which implies not very significant fluctuations relative to the market. As returns on the market increase, Romsdal Sparebank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Romsdal Sparebank is expected to be smaller as well. Romsdal Sparebank right now holds a risk of 0.69%. Please check Romsdal Sparebank semi variance, and the relationship between the maximum drawdown and daily balance of power , to decide if Romsdal Sparebank will be following its historical price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Romsdal Sparebank has poor reverse predictability. Overlapping area represents the amount of predictability between Romsdal Sparebank 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 Romsdal Sparebank price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Romsdal Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 21.35 |
Romsdal Sparebank lagged returns against current returns
Autocorrelation, which is Romsdal Sparebank 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 Romsdal Sparebank's stock expected returns. We can calculate the autocorrelation of Romsdal Sparebank returns to help us make a trade decision. For example, suppose you find that Romsdal Sparebank 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 |
Romsdal Sparebank 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 Romsdal Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Romsdal Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Romsdal Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Romsdal Sparebank Lagged Returns
When evaluating Romsdal Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Romsdal Sparebank stock have on its future price. Romsdal Sparebank 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, Romsdal Sparebank autocorrelation shows the relationship between Romsdal Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Romsdal Sparebank.
Regressed Prices |
| Timeline |
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Romsdal Sparebank financial ratios help investors to determine whether Romsdal 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 Romsdal with respect to the benefits of owning Romsdal Sparebank security.