Salmar Asa Stock Market Value
| SALRF Stock | USD 51.06 0.00 0.00% |
| Symbol | SalMar |
SalMar ASA '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 SalMar ASA's pink sheet 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 SalMar ASA.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in SalMar ASA on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding SalMar ASA or generate 0.0% return on investment in SalMar ASA over 30 days. SalMar ASA is related to or competes with Artisan Consumer, Avi, and Aryzta AG. SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of... More
SalMar ASA 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 SalMar ASA's pink sheet 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 SalMar ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.47 |
SalMar ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SalMar ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SalMar ASA's standard deviation. In reality, there are many statistical measures that can use SalMar ASA historical prices to predict the future SalMar ASA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 1.15 |
SalMar ASA Backtested Returns
At this point, SalMar ASA is very steady. SalMar ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found sixteen technical indicators for SalMar ASA, which you can use to evaluate the volatility of the company. Please validate SalMar ASA's Risk Adjusted Performance of (0.07), coefficient of variation of (1,017), and Variance of 2.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.0326%. SalMar ASA has a performance score of 9 on a scale of 0 to 100. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SalMar ASA are expected to decrease at a much lower rate. During the bear market, SalMar ASA is likely to outperform the market. SalMar ASA right now has a risk of 0.27%. Please validate SalMar ASA information ratio and kurtosis , to decide if SalMar ASA will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
SalMar ASA has no correlation between past and present. Overlapping area represents the amount of predictability between SalMar ASA time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 SalMar ASA price movement. The serial correlation of 0.0 indicates that just 0.0% of current SalMar ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SalMar ASA lagged returns against current returns
Autocorrelation, which is SalMar ASA pink sheet'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 SalMar ASA's pink sheet expected returns. We can calculate the autocorrelation of SalMar ASA returns to help us make a trade decision. For example, suppose you find that SalMar ASA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
SalMar ASA 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 SalMar ASA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SalMar ASA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SalMar ASA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SalMar ASA Lagged Returns
When evaluating SalMar ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SalMar ASA pink sheet have on its future price. SalMar ASA 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, SalMar ASA autocorrelation shows the relationship between SalMar ASA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SalMar ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SalMar Pink Sheet
SalMar ASA financial ratios help investors to determine whether SalMar Pink Sheet 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 SalMar with respect to the benefits of owning SalMar ASA security.