Solstad Offsho (Norway) Market Value
| SOFF Stock | NOK 40.66 0.94 2.37% |
| Symbol | Solstad |
Solstad Offsho '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 Solstad Offsho'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 Solstad Offsho.
| 05/12/2024 |
| 06/11/2024 |
If you would invest 0.00 in Solstad Offsho on May 12, 2024 and sell it all today you would earn a total of 0.00 from holding Solstad Offsho or generate 0.0% return on investment in Solstad Offsho over 30 days. Solstad Offsho is related to or competes with Odfjell Drilling, Siem Offshore, and . Solstad Offshore ASA operates offshore service and construction vessels for renewable energy at sea and offshore petrole... More
Solstad Offsho 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 Solstad Offsho'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 Solstad Offsho upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.56 | |||
| Information Ratio | 0.0389 | |||
| Maximum Drawdown | 30.16 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 6.26 |
Solstad Offsho Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solstad Offsho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solstad Offsho's standard deviation. In reality, there are many statistical measures that can use Solstad Offsho historical prices to predict the future Solstad Offsho's volatility.| Risk Adjusted Performance | 0.0464 | |||
| Jensen Alpha | 0.2253 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0418 | |||
| Treynor Ratio | (0.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solstad Offsho'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.
Solstad Offsho Backtested Returns
Solstad Offsho appears to be very steady, given 12 months investment horizon. Solstad Offsho owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0807, which indicates the firm had a 0.0807% return per unit of risk over the last 12 months. We have found twenty-nine technical indicators for Solstad Offsho, which you can use to evaluate the volatility of the company. Please review Solstad Offsho's Coefficient Of Variation of 1767.01, semi deviation of 3.39, and Risk Adjusted Performance of 0.0464 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Solstad Offsho holds a performance score of 6. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Solstad Offsho are expected to decrease at a much lower rate. During the bear market, Solstad Offsho is likely to outperform the market. Please check Solstad Offsho's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Solstad Offsho's existing price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Solstad Offsho has good predictability. Overlapping area represents the amount of predictability between Solstad Offsho time series from 12th of May 2024 to 27th of May 2024 and 27th of May 2024 to 11th of June 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 Solstad Offsho price movement. The serial correlation of 0.68 indicates that around 68.0% of current Solstad Offsho price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
Solstad Offsho lagged returns against current returns
Autocorrelation, which is Solstad Offsho 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 Solstad Offsho's stock expected returns. We can calculate the autocorrelation of Solstad Offsho returns to help us make a trade decision. For example, suppose you find that Solstad Offsho 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 |
Solstad Offsho 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 Solstad Offsho stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solstad Offsho stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solstad Offsho stock over time.
Current vs Lagged Prices |
| Timeline |
Solstad Offsho Lagged Returns
When evaluating Solstad Offsho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solstad Offsho stock have on its future price. Solstad Offsho 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, Solstad Offsho autocorrelation shows the relationship between Solstad Offsho stock current value and its past values and can show if there is a momentum factor associated with investing in Solstad Offsho.
Regressed Prices |
| Timeline |
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Other Information on Investing in Solstad Stock
Solstad Offsho financial ratios help investors to determine whether Solstad 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 Solstad with respect to the benefits of owning Solstad Offsho security.