Sparebanken Sor (Norway) Market Value
| SOR Stock | NOK 189.50 0.16 0.08% |
| Symbol | Sparebanken |
Sparebanken Sor '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 Sparebanken Sor'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 Sparebanken Sor.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sparebanken Sor on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sparebanken Sor or generate 0.0% return on investment in Sparebanken Sor over 30 days. Sparebanken Sor is related to or competes with Sparebanken Vest, Sparebank, Sparebank, and Sparebanken Ost. Sparebanken Sr operates as an independent savings bank in Norway More
Sparebanken Sor 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 Sparebanken Sor'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 Sparebanken Sor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0671 | |||
| Maximum Drawdown | 19.9 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.15 |
Sparebanken Sor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparebanken Sor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparebanken Sor's standard deviation. In reality, there are many statistical measures that can use Sparebanken Sor historical prices to predict the future Sparebanken Sor's volatility.| Risk Adjusted Performance | 0.0992 | |||
| Jensen Alpha | 0.2474 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1455 | |||
| Treynor Ratio | 1.06 |
Sparebanken Sor Backtested Returns
As of now, Sparebanken Stock is very steady. Sparebanken Sor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0472, which indicates the firm had a 0.0472% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sparebanken Sor, which you can use to evaluate the volatility of the company. Please validate Sparebanken Sor's Semi Deviation of 0.833, risk adjusted performance of 0.0992, and Coefficient Of Variation of 826.79 to confirm if the risk estimate we provide is consistent with the expected return of 0.052%. Sparebanken Sor has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sparebanken Sor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparebanken Sor is expected to be smaller as well. Sparebanken Sor right now has a risk of 1.1%. Please validate Sparebanken Sor maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Sparebanken Sor will be following its existing price patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Sparebanken Sor has modest reverse predictability. Overlapping area represents the amount of predictability between Sparebanken Sor time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Sparebanken Sor price movement. The serial correlation of -0.5 indicates that about 50.0% of current Sparebanken Sor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
Sparebanken Sor lagged returns against current returns
Autocorrelation, which is Sparebanken Sor 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 Sparebanken Sor's stock expected returns. We can calculate the autocorrelation of Sparebanken Sor returns to help us make a trade decision. For example, suppose you find that Sparebanken Sor 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 |
Sparebanken Sor 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 Sparebanken Sor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparebanken Sor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparebanken Sor stock over time.
Current vs Lagged Prices |
| Timeline |
Sparebanken Sor Lagged Returns
When evaluating Sparebanken Sor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparebanken Sor stock have on its future price. Sparebanken Sor 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, Sparebanken Sor autocorrelation shows the relationship between Sparebanken Sor stock current value and its past values and can show if there is a momentum factor associated with investing in Sparebanken Sor.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Sparebanken Stock
Sparebanken Sor financial ratios help investors to determine whether Sparebanken 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 Sparebanken with respect to the benefits of owning Sparebanken Sor security.