BW Offshore (Norway) Market Value
| BWO Stock | NOK 27.65 0.20 0.72% |
| Symbol | BWO |
BW Offshore '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 BW Offshore'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 BW Offshore.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in BW Offshore on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding BW Offshore or generate 0.0% return on investment in BW Offshore over 30 days. BW Offshore is related to or competes with Questerre Energy, and Panoro Energy. BW Offshore Limited builds, owns, and operates oil and gas floating production, storage, and offloading vessels and floa... More
BW Offshore 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 BW Offshore'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 BW Offshore upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.1446 | |||
| Maximum Drawdown | 14.19 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.39 |
BW Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BW Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BW Offshore's standard deviation. In reality, there are many statistical measures that can use BW Offshore historical prices to predict the future BW Offshore's volatility.| Risk Adjusted Performance | 0.1169 | |||
| Jensen Alpha | 0.3686 | |||
| Total Risk Alpha | 0.1615 | |||
| Sortino Ratio | 0.2023 | |||
| Treynor Ratio | (1.86) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BW Offshore'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.
BW Offshore Backtested Returns
BW Offshore appears to be very steady, given 3 months investment horizon. BW Offshore retains Efficiency (Sharpe Ratio) of 0.11, which signifies that the company had a 0.11% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for BW Offshore, which you can use to evaluate the volatility of the firm. Please makes use of BW Offshore's Coefficient Of Variation of 562.34, standard deviation of 2.07, and Market Risk Adjusted Performance of (1.85) to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BW Offshore holds a performance score of 8. The firm owns a Beta (Systematic Risk) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BW Offshore are expected to decrease at a much lower rate. During the bear market, BW Offshore is likely to outperform the market. Please check BW Offshore's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether BW Offshore's current price history will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
BW Offshore has weak reverse predictability. Overlapping area represents the amount of predictability between BW Offshore time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 BW Offshore price movement. The serial correlation of -0.22 indicates that over 22.0% of current BW Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
BW Offshore lagged returns against current returns
Autocorrelation, which is BW Offshore 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 BW Offshore's stock expected returns. We can calculate the autocorrelation of BW Offshore returns to help us make a trade decision. For example, suppose you find that BW Offshore 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 |
BW Offshore 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 BW Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BW Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BW Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
BW Offshore Lagged Returns
When evaluating BW Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BW Offshore stock have on its future price. BW Offshore 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, BW Offshore autocorrelation shows the relationship between BW Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in BW Offshore.
Regressed Prices |
| Timeline |
Pair Trading with BW Offshore
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 BW Offshore 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 BW Offshore will appreciate offsetting losses from the drop in the long position's value.Moving together with BWO Stock
| 0.68 | DNB | DnB ASA Earnings Call This Week | PairCorr |
| 0.79 | STB | Storebrand ASA Earnings Call This Week | PairCorr |
| 0.86 | SRBNK | Sparebank 1 SR Earnings Call This Week | PairCorr |
| 0.75 | SVEG | Sparebanken Vest | PairCorr |
The ability to find closely correlated positions to BW Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BW Offshore 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 BW Offshore - 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 BW Offshore to buy it.
The correlation of BW Offshore 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 BW Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BW Offshore 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 BW Offshore 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 BW Offshore Correlation, BW Offshore Volatility and BW Offshore Alpha and Beta module to complement your research on BW Offshore. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for BWO Stock analysis
When running BW Offshore's price analysis, check to measure BW Offshore'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 BW Offshore is operating at the current time. Most of BW Offshore's value examination focuses on studying past and present price action to predict the probability of BW Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BW Offshore's price. Additionally, you may evaluate how the addition of BW Offshore to your portfolios can decrease your overall portfolio volatility.
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BW Offshore 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.