Borregaard ASA (Norway) Market Value
| BRG Stock | NOK 193.40 1.40 0.72% |
| Symbol | Borregaard |
Borregaard 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 Borregaard 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 Borregaard ASA.
| 05/27/2024 |
| 06/26/2024 |
If you would invest 0.00 in Borregaard ASA on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Borregaard ASA or generate 0.0% return on investment in Borregaard ASA over 30 days. Borregaard ASA is related to or competes with Veidekke ASA, Orkla ASA, Kongsberg Gruppen, Storebrand ASA, and Gjensidige Forsikring. Borregaard ASA develops, produces, and supplies biomaterials, biochemicals, and biofuels in Norway, rest of Europe, the ... More
Borregaard 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 Borregaard 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 Borregaard ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.0952 | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.56 |
Borregaard ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Borregaard ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Borregaard ASA's standard deviation. In reality, there are many statistical measures that can use Borregaard ASA historical prices to predict the future Borregaard ASA's volatility.| Risk Adjusted Performance | 0.0577 | |||
| Jensen Alpha | 0.1145 | |||
| Total Risk Alpha | 0.183 | |||
| Sortino Ratio | 0.097 | |||
| Treynor Ratio | 0.5108 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Borregaard 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.
Borregaard ASA Backtested Returns
As of now, Borregaard Stock is very steady. Borregaard ASA secures Sharpe Ratio (or Efficiency) of 0.0633, which signifies that the company had a 0.0633% return per unit of risk over the last 3 months. We have found thirty technical indicators for Borregaard ASA, which you can use to evaluate the volatility of the firm. Please confirm Borregaard ASA's Downside Deviation of 1.45, risk adjusted performance of 0.0577, and Mean Deviation of 1.06 to double-check if the risk estimate we provide is consistent with the expected return of 0.0978%. Borregaard ASA has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Borregaard ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Borregaard ASA is expected to be smaller as well. Borregaard ASA right now shows a risk of 1.55%. Please confirm Borregaard ASA sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Borregaard ASA will be following its price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Borregaard ASA has weak reverse predictability. Overlapping area represents the amount of predictability between Borregaard ASA time series from 27th of May 2024 to 11th of June 2024 and 11th of June 2024 to 26th 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 Borregaard ASA price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Borregaard ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 4.42 |
Borregaard ASA lagged returns against current returns
Autocorrelation, which is Borregaard 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 Borregaard ASA's stock expected returns. We can calculate the autocorrelation of Borregaard ASA returns to help us make a trade decision. For example, suppose you find that Borregaard 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 |
Borregaard 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 Borregaard ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Borregaard ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Borregaard ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Borregaard ASA Lagged Returns
When evaluating Borregaard ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Borregaard ASA stock have on its future price. Borregaard 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, Borregaard ASA autocorrelation shows the relationship between Borregaard ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Borregaard ASA.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Borregaard ASA using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Other Information on Investing in Borregaard Stock
Borregaard ASA financial ratios help investors to determine whether Borregaard 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 Borregaard with respect to the benefits of owning Borregaard ASA security.