SalMar ASA (Germany) Market Value
| JEP Stock | EUR 58.30 0.30 0.51% |
| Symbol | SalMar |
SalMar 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 SalMar 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 SalMar ASA.
| 04/22/2023 |
| 04/16/2024 |
If you would invest 0.00 in SalMar ASA on April 22, 2023 and sell it all today you would earn a total of 0.00 from holding SalMar ASA or generate 0.0% return on investment in SalMar ASA over 360 days. SalMar ASA is related to or competes with Tokentus Investment, CDL INVESTMENT, Gladstone Investment, ECHO INVESTMENT, Mobilezone Holding, Strategic Investments, and Rogers Communications. SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, the United States, Canada, Norway, rest of... More
SalMar 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 SalMar 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 SalMar ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.078 | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 3.3 |
SalMar ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SalMar ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SalMar ASA's standard deviation. In reality, there are many statistical measures that can use SalMar ASA historical prices to predict the future SalMar ASA's volatility.| Risk Adjusted Performance | 0.0783 | |||
| Jensen Alpha | 0.162 | |||
| Total Risk Alpha | 0.0424 | |||
| Sortino Ratio | 0.0992 | |||
| Treynor Ratio | 0.4125 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SalMar 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.
SalMar ASA Backtested Returns
SalMar ASA appears to be very steady, given 3 months investment horizon. SalMar ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SalMar ASA, which you can use to evaluate the volatility of the company. Please review SalMar ASA's Risk Adjusted Performance of 0.0783, coefficient of variation of 871.45, and Semi Deviation of 1.13 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SalMar ASA holds a performance score of 10. The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SalMar ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding SalMar ASA is expected to be smaller as well. Please check SalMar ASA's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether SalMar ASA's existing price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
SalMar ASA has very good predictability. Overlapping area represents the amount of predictability between SalMar ASA time series from 22nd of April 2023 to 19th of October 2023 and 19th of October 2023 to 16th 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 SalMar ASA price movement. The serial correlation of 0.83 indicates that around 83.0% of current SalMar ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 27.52 |
SalMar ASA lagged returns against current returns
Autocorrelation, which is SalMar 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 SalMar ASA's stock expected returns. We can calculate the autocorrelation of SalMar ASA returns to help us make a trade decision. For example, suppose you find that SalMar 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 |
SalMar 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 SalMar ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SalMar ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SalMar ASA stock over time.
Current vs Lagged Prices |
| Timeline |
SalMar ASA Lagged Returns
When evaluating SalMar ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SalMar ASA stock have on its future price. SalMar 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, SalMar ASA autocorrelation shows the relationship between SalMar ASA stock current value and its past values and can show if there is a momentum factor associated with investing in SalMar 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 SalMar 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, SalMar ASA's short interest history, or implied volatility extrapolated from SalMar ASA options trading.
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Complementary Tools for SalMar Stock analysis
When running SalMar ASA's price analysis, check to measure SalMar 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 SalMar ASA is operating at the current time. Most of SalMar ASA's value examination focuses on studying past and present price action to predict the probability of SalMar 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 SalMar ASA's price. Additionally, you may evaluate how the addition of SalMar ASA to your portfolios can decrease your overall portfolio volatility.
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SalMar 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.