Schibsted Asa Adr Stock Market Value
| SBSNY Stock | USD 35.60 4.06 12.87% |
| Symbol | Schibsted |
Schibsted 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 Schibsted 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 Schibsted ASA.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Schibsted ASA on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Schibsted ASA ADR or generate 0.0% return on investment in Schibsted ASA over 180 days. Schibsted ASA is related to or competes with Shake Shack, Kandi Technologies, Sweetgreen, BJs Restaurants, Dennys Corp, and Dalata Hotel. Schibsted ASA, together with its subsidiaries, operates as a media company More
Schibsted 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 Schibsted 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 Schibsted ASA ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 21.23 | |||
| Value At Risk | (5.09) | |||
| Potential Upside | 4.51 |
Schibsted ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schibsted ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schibsted ASA's standard deviation. In reality, there are many statistical measures that can use Schibsted ASA historical prices to predict the future Schibsted ASA's volatility.| Risk Adjusted Performance | 0.0354 | |||
| Jensen Alpha | 0.1734 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.17) |
Schibsted ASA ADR Backtested Returns
At this stage we consider Schibsted Pink Sheet to be very steady. Schibsted ASA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0326, which indicates the firm had a 0.0326% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Schibsted ASA ADR, which you can use to evaluate the volatility of the company. Please validate Schibsted ASA's Semi Deviation of 2.34, risk adjusted performance of 0.0354, and Coefficient Of Variation of 2729.74 to confirm if the risk estimate we provide is consistent with the expected return of 0.0935%. Schibsted ASA has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Schibsted ASA are expected to decrease at a much lower rate. During the bear market, Schibsted ASA is likely to outperform the market. Schibsted ASA ADR right now has a risk of 2.87%. Please validate Schibsted ASA treynor ratio, as well as the relationship between the expected short fall and day typical price , to decide if Schibsted ASA will be following its existing price patterns.
Auto-correlation | 0.21 |
Weak predictability
Schibsted ASA ADR has weak predictability. Overlapping area represents the amount of predictability between Schibsted ASA time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Schibsted ASA ADR price movement. The serial correlation of 0.21 indicates that over 21.0% of current Schibsted ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 2.16 |
Schibsted ASA ADR lagged returns against current returns
Autocorrelation, which is Schibsted 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 Schibsted ASA's pink sheet expected returns. We can calculate the autocorrelation of Schibsted ASA returns to help us make a trade decision. For example, suppose you find that Schibsted 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 |
Schibsted 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 Schibsted ASA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schibsted 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 Schibsted ASA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Schibsted ASA Lagged Returns
When evaluating Schibsted ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schibsted ASA pink sheet have on its future price. Schibsted 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, Schibsted ASA autocorrelation shows the relationship between Schibsted ASA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Schibsted ASA ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Schibsted Pink Sheet Analysis
When running Schibsted ASA's price analysis, check to measure Schibsted ASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Schibsted ASA is operating at the current time. Most of Schibsted ASA's value examination focuses on studying past and present price action to predict the probability of Schibsted ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Schibsted ASA's price. Additionally, you may evaluate how the addition of Schibsted ASA to your portfolios can decrease your overall portfolio volatility.