Spir Group (Norway) Market Value
| SPIR Stock | 8.38 0.02 0.24% |
| Symbol | Spir |
Spir Group '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 Spir Group'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 Spir Group.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Spir Group on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Spir Group ASA or generate 0.0% return on investment in Spir Group over 30 days.
Spir Group 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 Spir Group'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 Spir Group ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.29 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.8 |
Spir Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spir Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spir Group's standard deviation. In reality, there are many statistical measures that can use Spir Group historical prices to predict the future Spir Group's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.0691 |
Spir Group ASA Backtested Returns
As of now, Spir Stock is somewhat reliable. Spir Group ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.02, which indicates the firm had a 0.02 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Spir Group ASA, which you can use to evaluate the volatility of the company. Please validate Spir Group's Risk Adjusted Performance of 0.0013, variance of 5.26, and Coefficient Of Variation of (16,593) to confirm if the risk estimate we provide is consistent with the expected return of 0.0474%. Spir Group has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Spir Group are expected to decrease at a much lower rate. During the bear market, Spir Group is likely to outperform the market. Spir Group ASA right now has a risk of 2.37%. Please validate Spir Group information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Spir Group will be following its existing price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
Spir Group ASA has weak reverse predictability. Overlapping area represents the amount of predictability between Spir Group time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st 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 Spir Group ASA price movement. The serial correlation of -0.25 indicates that over 25.0% of current Spir Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Spir Group ASA lagged returns against current returns
Autocorrelation, which is Spir Group 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 Spir Group's stock expected returns. We can calculate the autocorrelation of Spir Group returns to help us make a trade decision. For example, suppose you find that Spir Group 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 |
Spir Group 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 Spir Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spir Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spir Group stock over time.
Current vs Lagged Prices |
| Timeline |
Spir Group Lagged Returns
When evaluating Spir Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spir Group stock have on its future price. Spir Group 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, Spir Group autocorrelation shows the relationship between Spir Group stock current value and its past values and can show if there is a momentum factor associated with investing in Spir Group ASA.
Regressed Prices |
| Timeline |
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