Melhus Sparebank (Norway) Market Value
| MELG Stock | NOK 154.00 2.00 1.32% |
| Symbol | Melhus |
Melhus Sparebank '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 Melhus Sparebank'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 Melhus Sparebank.
| 05/19/2023 |
| 05/13/2024 |
If you would invest 0.00 in Melhus Sparebank on May 19, 2023 and sell it all today you would earn a total of 0.00 from holding Melhus Sparebank or generate 0.0% return on investment in Melhus Sparebank over 360 days. Melhus Sparebank is related to or competes with Storebrand ASA, Aker Solutions, DnB ASA, Orkla ASA, and Yara International. Melhus Sparebank, a savings bank, provides various banking products and services to businesses and agriculture customers... More
Melhus Sparebank 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 Melhus Sparebank'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 Melhus Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.8 |
Melhus Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Melhus Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Melhus Sparebank's standard deviation. In reality, there are many statistical measures that can use Melhus Sparebank historical prices to predict the future Melhus Sparebank's volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | (0.0007) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0714 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Melhus Sparebank's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Melhus Sparebank Backtested Returns
We consider Melhus Sparebank very steady. Melhus Sparebank has Sharpe Ratio of 0.0303, which conveys that the firm had a 0.0303% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Melhus Sparebank, which you can use to evaluate the volatility of the firm. Please verify Melhus Sparebank's Risk Adjusted Performance of 0.0265, downside deviation of 1.57, and Mean Deviation of 0.604 to check out if the risk estimate we provide is consistent with the expected return of 0.0286%. Melhus Sparebank has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Melhus Sparebank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Melhus Sparebank is expected to be smaller as well. Melhus Sparebank right now secures a risk of 0.94%. Please verify Melhus Sparebank standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Melhus Sparebank will be following its current price movements.
Auto-correlation | 0.02 |
Virtually no predictability
Melhus Sparebank has virtually no predictability. Overlapping area represents the amount of predictability between Melhus Sparebank time series from 19th of May 2023 to 15th of November 2023 and 15th of November 2023 to 13th of May 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 Melhus Sparebank price movement. The serial correlation of 0.02 indicates that only 2.0% of current Melhus Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 16.34 |
Melhus Sparebank lagged returns against current returns
Autocorrelation, which is Melhus Sparebank 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 Melhus Sparebank's stock expected returns. We can calculate the autocorrelation of Melhus Sparebank returns to help us make a trade decision. For example, suppose you find that Melhus Sparebank 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 |
Melhus Sparebank 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 Melhus Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Melhus Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Melhus Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Melhus Sparebank Lagged Returns
When evaluating Melhus Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Melhus Sparebank stock have on its future price. Melhus Sparebank 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, Melhus Sparebank autocorrelation shows the relationship between Melhus Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Melhus Sparebank.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Melhus Sparebank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Melhus Sparebank's short interest history, or implied volatility extrapolated from Melhus Sparebank options trading.
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Complementary Tools for Melhus Stock analysis
When running Melhus Sparebank's price analysis, check to measure Melhus Sparebank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Melhus Sparebank is operating at the current time. Most of Melhus Sparebank's value examination focuses on studying past and present price action to predict the probability of Melhus Sparebank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melhus Sparebank's price. Additionally, you may evaluate how the addition of Melhus Sparebank to your portfolios can decrease your overall portfolio volatility.
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Melhus Sparebank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.