Sparebanken Vest (Norway) Market Value
| SVEG Stock | NOK 132.00 1.50 1.12% |
| Symbol | Sparebanken |
Sparebanken Vest '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 Vest'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 Vest.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sparebanken Vest on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sparebanken Vest or generate 0.0% return on investment in Sparebanken Vest over 30 days. Sparebanken Vest is related to or competes with Sparebank, Sparebank, Storebrand ASA, Pareto Bank, and SpareBank. Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Hordaland, Ro... More
Sparebanken Vest 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 Vest'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 Vest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.38 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.6 |
Sparebanken Vest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparebanken Vest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparebanken Vest's standard deviation. In reality, there are many statistical measures that can use Sparebanken Vest historical prices to predict the future Sparebanken Vest's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.03) |
Sparebanken Vest Backtested Returns
Sparebanken Vest owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0261, which indicates the firm had a -0.0261% return per unit of risk over the last 3 months. Sparebanken Vest exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sparebanken Vest's Variance of 1.33, risk adjusted performance of (0.01), and Coefficient Of Variation of (6,329) to confirm the risk estimate we provide. The entity has a beta of 0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sparebanken Vest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparebanken Vest is expected to be smaller as well. At this point, Sparebanken Vest has a negative expected return of -0.0306%. Please make sure to validate Sparebanken Vest's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Sparebanken Vest performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Sparebanken Vest has virtually no predictability. Overlapping area represents the amount of predictability between Sparebanken Vest time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Vest price movement. The serial correlation of 0.03 indicates that only 3.0% of current Sparebanken Vest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 5.13 |
Sparebanken Vest lagged returns against current returns
Autocorrelation, which is Sparebanken Vest 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 Vest's stock expected returns. We can calculate the autocorrelation of Sparebanken Vest returns to help us make a trade decision. For example, suppose you find that Sparebanken Vest 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 Vest 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 Vest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparebanken Vest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparebanken Vest stock over time.
Current vs Lagged Prices |
| Timeline |
Sparebanken Vest Lagged Returns
When evaluating Sparebanken Vest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparebanken Vest stock have on its future price. Sparebanken Vest 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 Vest autocorrelation shows the relationship between Sparebanken Vest stock current value and its past values and can show if there is a momentum factor associated with investing in Sparebanken Vest.
Regressed Prices |
| Timeline |
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Sparebanken Vest 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 Vest security.