Aker Asa Stock Market Value
| AKAAF Stock | USD 58.00 0.25 0.43% |
| Symbol | Aker |
Aker 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 Aker ASA's pink sheet 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 Aker ASA.
| 02/28/2024 |
| 04/28/2024 |
If you would invest 0.00 in Aker ASA on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Aker ASA or generate 0.0% return on investment in Aker ASA over 60 days. Aker ASA is related to or competes with Western Union, Univest Pennsylvania, Exchange Bankshares, Sandstorm Gold, Eldorado Gold, PennantPark Floating, and Electrovaya Common. Aker ASA operates as an industrial investment company in Norway, the European Union, North America, South America, Asia,... More
Aker 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 Aker ASA's pink sheet 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 Aker ASA upside and downside potential and time the market with a certain degree of confidence.
Aker ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aker ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aker ASA's standard deviation. In reality, there are many statistical measures that can use Aker ASA historical prices to predict the future Aker ASA's volatility.| Risk Adjusted Performance | 0.016 | |||
| Jensen Alpha | 0.1158 | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aker ASA'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.
Aker ASA Backtested Returns
We consider Aker ASA not too volatile. Aker ASA secures Sharpe Ratio (or Efficiency) of 0.0113, which signifies that the company had a 0.0113% return per unit of standard deviation over the last 3 months. We have found twenty technical indicators for Aker ASA, which you can use to evaluate the volatility of the firm. Please confirm Aker ASA's risk adjusted performance of 0.016, and Mean Deviation of 1.33 to double-check if the risk estimate we provide is consistent with the expected return of 0.0675%. The firm shows a Beta (market volatility) of -0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aker ASA are expected to decrease at a much lower rate. During the bear market, Aker ASA is likely to outperform the market. Aker ASA right now shows a risk of 5.96%. Please confirm Aker ASA jensen alpha, daily balance of power, and the relationship between the variance and skewness , to decide if Aker ASA will be following its price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Aker ASA has very good reverse predictability. Overlapping area represents the amount of predictability between Aker ASA time series from 28th of February 2024 to 29th of March 2024 and 29th of March 2024 to 28th of April 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 Aker ASA price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Aker ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 58.04 |
Aker ASA lagged returns against current returns
Autocorrelation, which is Aker ASA pink sheet'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 Aker ASA's pink sheet expected returns. We can calculate the autocorrelation of Aker ASA returns to help us make a trade decision. For example, suppose you find that Aker ASA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Aker 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 Aker ASA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aker ASA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aker ASA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aker ASA Lagged Returns
When evaluating Aker ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aker ASA pink sheet have on its future price. Aker 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, Aker ASA autocorrelation shows the relationship between Aker ASA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aker ASA.
Regressed Prices |
| Timeline |
Pair Trading with Aker ASA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aker ASA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aker ASA will appreciate offsetting losses from the drop in the long position's value.Moving against Aker Pink Sheet
| 0.86 | HTHIF | Hitachi | PairCorr |
| 0.84 | HTHIY | Hitachi Ltd ADR | PairCorr |
| 0.71 | MSBHF | Mitsubishi Corp | PairCorr |
| 0.7 | MITSF | Mitsui | PairCorr |
| 0.67 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
The ability to find closely correlated positions to Aker ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aker ASA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aker ASA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aker ASA to buy it.
The correlation of Aker ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aker ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aker ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aker ASA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Aker ASA Correlation, Aker ASA Volatility and Aker ASA Alpha and Beta module to complement your research on Aker ASA. Note that the Aker ASA information on this page should be used as a complementary analysis to other Aker ASA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Aker Pink Sheet analysis
When running Aker ASA's price analysis, check to measure Aker ASA'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 Aker ASA is operating at the current time. Most of Aker ASA's value examination focuses on studying past and present price action to predict the probability of Aker ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aker ASA's price. Additionally, you may evaluate how the addition of Aker ASA to your portfolios can decrease your overall portfolio volatility.
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Aker ASA technical pink sheet 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, pink sheet market cycles, or different charting patterns.