PGS ASA (Norway) Market Value
| PGS Stock | NOK 8.54 0.02 0.23% |
| Symbol | PGS |
PGS 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 PGS 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 PGS ASA.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in PGS ASA on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding PGS ASA or generate 0.0% return on investment in PGS ASA over 720 days. PGS ASA is related to or competes with Avance Gas, Golden Ocean, and TORM Plc. It offers a range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluatio... More
PGS 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 PGS 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 PGS ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0983 | |||
| Maximum Drawdown | 13.12 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 4.02 |
PGS ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PGS ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PGS ASA's standard deviation. In reality, there are many statistical measures that can use PGS ASA historical prices to predict the future PGS ASA's volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 0.3885 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1324 | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PGS 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.
PGS ASA Backtested Returns
PGS ASA appears to be somewhat reliable, given 3 months investment horizon. PGS ASA maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for PGS ASA, which you can use to evaluate the volatility of the company. Please evaluate PGS ASA's Market Risk Adjusted Performance of (0.46), risk adjusted performance of 0.0928, and Semi Deviation of 1.58 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PGS ASA holds a performance score of 12. The company holds a Beta of -0.7, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PGS ASA are expected to decrease at a much lower rate. During the bear market, PGS ASA is likely to outperform the market. Please check PGS ASA's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether PGS ASA's historical price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
PGS ASA has poor reverse predictability. Overlapping area represents the amount of predictability between PGS ASA time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 PGS ASA price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current PGS ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.47 |
PGS ASA lagged returns against current returns
Autocorrelation, which is PGS 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 PGS ASA's stock expected returns. We can calculate the autocorrelation of PGS ASA returns to help us make a trade decision. For example, suppose you find that PGS 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 |
PGS 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 PGS ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PGS ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PGS ASA stock over time.
Current vs Lagged Prices |
| Timeline |
PGS ASA Lagged Returns
When evaluating PGS ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PGS ASA stock have on its future price. PGS 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, PGS ASA autocorrelation shows the relationship between PGS ASA stock current value and its past values and can show if there is a momentum factor associated with investing in PGS ASA.
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 PGS ASA 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, PGS ASA's short interest history, or implied volatility extrapolated from PGS ASA options trading.
Becoming a Better Investor with Macroaxis
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Check out PGS ASA Correlation, PGS ASA Volatility and PGS ASA Alpha and Beta module to complement your research on PGS ASA. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for PGS Stock analysis
When running PGS ASA's price analysis, check to measure PGS 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 PGS ASA is operating at the current time. Most of PGS ASA's value examination focuses on studying past and present price action to predict the probability of PGS 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 PGS ASA's price. Additionally, you may evaluate how the addition of PGS ASA to your portfolios can decrease your overall portfolio volatility.
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PGS ASA 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.