Techstep ASA (Norway) Market Value
| TECH Stock | NOK 11.70 0.60 4.88% |
| Symbol | Techstep |
Techstep 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 Techstep ASA'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 Techstep ASA.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Techstep ASA on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Techstep ASA or generate 0.0% return on investment in Techstep ASA over 30 days. Techstep ASA is related to or competes with Next Biometrics, Zalaris ASA, Goodtech, Elkem ASA, Integrated Wind, Vow ASA, and North Energy. Techstep ASA provides digital workplace services in Norway and Sweden More
Techstep 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 Techstep ASA'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 Techstep ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.0283 | |||
| Maximum Drawdown | 15.5 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 5.0 |
Techstep ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techstep ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Techstep ASA's standard deviation. In reality, there are many statistical measures that can use Techstep ASA historical prices to predict the future Techstep ASA's volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.2134 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0297 | |||
| Treynor Ratio | (4.31) |
Techstep ASA Backtested Returns
As of now, Techstep Stock is somewhat reliable. Techstep ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0326, which indicates the firm had a 0.0326% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Techstep ASA, which you can use to evaluate the volatility of the company. Please validate Techstep ASA's Coefficient Of Variation of 1446.82, risk adjusted performance of 0.0604, and Semi Deviation of 2.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Techstep ASA has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0482, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Techstep ASA are expected to decrease at a much lower rate. During the bear market, Techstep ASA is likely to outperform the market. Techstep ASA right now has a risk of 3.08%. Please validate Techstep ASA downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Techstep ASA will be following its existing price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Techstep ASA has poor reverse predictability. Overlapping area represents the amount of predictability between Techstep ASA 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 Techstep ASA price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Techstep ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Techstep ASA lagged returns against current returns
Autocorrelation, which is Techstep ASA 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 Techstep ASA's stock expected returns. We can calculate the autocorrelation of Techstep ASA returns to help us make a trade decision. For example, suppose you find that Techstep ASA 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 |
Techstep 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 Techstep ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Techstep ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Techstep ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Techstep ASA Lagged Returns
When evaluating Techstep ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Techstep ASA stock have on its future price. Techstep 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, Techstep ASA autocorrelation shows the relationship between Techstep ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Techstep ASA.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Techstep Stock
Techstep ASA financial ratios help investors to determine whether Techstep 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 Techstep with respect to the benefits of owning Techstep ASA security.