Veidekke ASA (Norway) Market Value
| VEI Stock | NOK 136.40 1.60 1.19% |
| Symbol | Veidekke |
Veidekke 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 Veidekke 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 Veidekke ASA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Veidekke ASA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Veidekke ASA or generate 0.0% return on investment in Veidekke ASA over 30 days. Veidekke ASA is related to or competes with AF Gruppen, Gjensidige Forsikring, Storebrand ASA, Orkla ASA, and Kongsberg Gruppen. Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark More
Veidekke 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 Veidekke 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 Veidekke ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8716 | |||
| Information Ratio | 0.0134 | |||
| Maximum Drawdown | 6.33 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.52 |
Veidekke ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veidekke ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Veidekke ASA's standard deviation. In reality, there are many statistical measures that can use Veidekke ASA historical prices to predict the future Veidekke ASA's volatility.| Risk Adjusted Performance | 0.1093 | |||
| Jensen Alpha | 0.1218 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0156 | |||
| Treynor Ratio | 1.51 |
Veidekke ASA Backtested Returns
As of now, Veidekke Stock is very steady. Veidekke ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Veidekke ASA, which you can use to evaluate the volatility of the company. Please validate Veidekke ASA's Risk Adjusted Performance of 0.1093, semi deviation of 0.6176, and Coefficient Of Variation of 715.91 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Veidekke ASA has a performance score of 12 on a scale of 0 to 100. The entity has a beta of 0.0878, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Veidekke ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Veidekke ASA is expected to be smaller as well. Veidekke ASA right now has a risk of 1.02%. Please validate Veidekke ASA total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Veidekke ASA will be following its existing price patterns.
Auto-correlation | 0.70 |
Good predictability
Veidekke ASA has good predictability. Overlapping area represents the amount of predictability between Veidekke ASA 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 Veidekke ASA price movement. The serial correlation of 0.7 indicates that around 70.0% of current Veidekke ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.97 |
Veidekke ASA lagged returns against current returns
Autocorrelation, which is Veidekke 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 Veidekke ASA's stock expected returns. We can calculate the autocorrelation of Veidekke ASA returns to help us make a trade decision. For example, suppose you find that Veidekke 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 |
Veidekke 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 Veidekke ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Veidekke ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Veidekke ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Veidekke ASA Lagged Returns
When evaluating Veidekke ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Veidekke ASA stock have on its future price. Veidekke 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, Veidekke ASA autocorrelation shows the relationship between Veidekke ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Veidekke ASA.
Regressed Prices |
| Timeline |
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Veidekke ASA financial ratios help investors to determine whether Veidekke 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 Veidekke with respect to the benefits of owning Veidekke ASA security.