Scatec Solar (Norway) Market Value
| SCATC Stock | NOK 79.85 1.95 2.50% |
| Symbol | Scatec |
Scatec Solar '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 Scatec Solar'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 Scatec Solar.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Scatec Solar on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Scatec Solar OL or generate 0.0% return on investment in Scatec Solar over 30 days. Scatec Solar is related to or competes with Aker Carbon, Elkem ASA, Vow ASA, North Energy, Arcticzymes Technologies, and Eqva ASA. Scatec ASA, together with its subsidiaries, operates as a renewable power producer worldwide More
Scatec Solar 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 Scatec Solar'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 Scatec Solar OL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.0 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.29 |
Scatec Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scatec Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scatec Solar's standard deviation. In reality, there are many statistical measures that can use Scatec Solar historical prices to predict the future Scatec Solar's volatility.| Risk Adjusted Performance | 0.0289 | |||
| Jensen Alpha | 0.0841 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scatec Solar's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Scatec Solar OL Backtested Returns
As of now, Scatec Stock is very steady. Scatec Solar OL owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0283, which indicates the firm had a 0.0283% return per unit of risk over the last 3 months. We have found thirty technical indicators for Scatec Solar OL, which you can use to evaluate the volatility of the company. Please validate Scatec Solar's Semi Deviation of 1.88, risk adjusted performance of 0.0289, and Coefficient Of Variation of 3361.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.0554%. Scatec Solar has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Scatec Solar are expected to decrease at a much lower rate. During the bear market, Scatec Solar is likely to outperform the market. Scatec Solar OL right now has a risk of 1.96%. Please validate Scatec Solar downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Scatec Solar will be following its existing price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Scatec Solar OL has weak reverse predictability. Overlapping area represents the amount of predictability between Scatec Solar time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Scatec Solar OL price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Scatec Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
Scatec Solar OL lagged returns against current returns
Autocorrelation, which is Scatec Solar 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 Scatec Solar's stock expected returns. We can calculate the autocorrelation of Scatec Solar returns to help us make a trade decision. For example, suppose you find that Scatec Solar 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 |
Scatec Solar 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 Scatec Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scatec Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scatec Solar stock over time.
Current vs Lagged Prices |
| Timeline |
Scatec Solar Lagged Returns
When evaluating Scatec Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scatec Solar stock have on its future price. Scatec Solar 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, Scatec Solar autocorrelation shows the relationship between Scatec Solar stock current value and its past values and can show if there is a momentum factor associated with investing in Scatec Solar OL.
Regressed Prices |
| Timeline |
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Scatec Solar financial ratios help investors to determine whether Scatec 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 Scatec with respect to the benefits of owning Scatec Solar security.