Schibsted ASA's market value is the price at which a share of Schibsted ASA trades on a public exchange. It measures the collective expectations of Schibsted ASA ADR investors about its performance. Schibsted ASA is trading at 28.16 as of the 18th of January 2025; that is 2.96% down since the beginning of the trading day. The stock's open price was 29.02. With this module, you can estimate the performance of a buy and hold strategy of Schibsted ASA ADR and determine expected loss or profit from investing in Schibsted ASA over a given investment horizon. Check out Schibsted ASA Correlation, Schibsted ASA Volatility and Schibsted ASA Alpha and Beta module to complement your research on Schibsted ASA.
Please note, there is a significant difference between Schibsted ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schibsted ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schibsted ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Schibsted ASA on December 19, 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 30 days. Schibsted ASA is related to or competes with Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, 70082LAB3, and Sitka Gold. 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.
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.
Schibsted ASA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0461, which indicates the firm had a -0.0461% return per unit of risk over the last 3 months. Schibsted ASA ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Schibsted ASA's Risk Adjusted Performance of (0.01), coefficient of variation of (6,397), and Variance of 15.28 to confirm the risk estimate we provide. The entity has a beta of -0.47, 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. At this point, Schibsted ASA ADR has a negative expected return of -0.18%. Please make sure to validate Schibsted ASA's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Schibsted ASA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation
0.29
Poor predictability
Schibsted ASA ADR has poor predictability. Overlapping area represents the amount of predictability between Schibsted ASA time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 0.29 indicates that nearly 29.0% of current Schibsted ASA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.29
Spearman Rank Test
0.47
Residual Average
0.0
Price Variance
1.24
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
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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
Also Currently Popular
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.