Saga Pure (Norway) Market Value
| SAGA Stock | NOK 1.27 0.01 0.78% |
| Symbol | Saga |
Saga Pure '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 Saga Pure'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 Saga Pure.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Saga Pure on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Saga Pure ASA or generate 0.0% return on investment in Saga Pure over 90 days. Saga Pure is related to or competes with Aker Horizons, REC Silicon, Kongsberg Automotive, Aker Carbon, and Everfuel. Saga Tankers ASA engages in the investment and management activities related to shipping, rig, real estate, stock tradin... More
Saga Pure 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 Saga Pure'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 Saga Pure ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9408 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 1.55 |
Saga Pure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saga Pure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saga Pure's standard deviation. In reality, there are many statistical measures that can use Saga Pure historical prices to predict the future Saga Pure's volatility.| Risk Adjusted Performance | 0.025 | |||
| Jensen Alpha | 0.0278 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.26) |
Saga Pure ASA Backtested Returns
As of now, Saga Stock is moderately volatile. Saga Pure ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0298, which indicates the firm had a 0.0298% return per unit of risk over the last 3 months. We have found thirty technical indicators for Saga Pure ASA, which you can use to evaluate the volatility of the company. Please validate Saga Pure's Semi Deviation of 0.6048, risk adjusted performance of 0.025, and Coefficient Of Variation of 3350.42 to confirm if the risk estimate we provide is consistent with the expected return of 0.029%. Saga Pure has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0728, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Saga Pure are expected to decrease at a much lower rate. During the bear market, Saga Pure is likely to outperform the market. Saga Pure ASA right now has a risk of 0.97%. Please validate Saga Pure coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Saga Pure will be following its existing price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Saga Pure ASA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Saga Pure time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Saga Pure ASA price movement. The serial correlation of -0.72 indicates that around 72.0% of current Saga Pure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Saga Pure ASA lagged returns against current returns
Autocorrelation, which is Saga Pure 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 Saga Pure's stock expected returns. We can calculate the autocorrelation of Saga Pure returns to help us make a trade decision. For example, suppose you find that Saga Pure 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 |
Saga Pure 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 Saga Pure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saga Pure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saga Pure stock over time.
Current vs Lagged Prices |
| Timeline |
Saga Pure Lagged Returns
When evaluating Saga Pure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saga Pure stock have on its future price. Saga Pure 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, Saga Pure autocorrelation shows the relationship between Saga Pure stock current value and its past values and can show if there is a momentum factor associated with investing in Saga Pure ASA.
Regressed Prices |
| Timeline |
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Saga Pure financial ratios help investors to determine whether Saga 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 Saga with respect to the benefits of owning Saga Pure security.