Kongsberg Gruppen Asa Stock Market Value
| NSKFF Stock | USD 67.10 0.80 1.18% |
| Symbol | Kongsberg |
Kongsberg Gruppen '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 Kongsberg Gruppen's pink sheet 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 Kongsberg Gruppen.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Kongsberg Gruppen on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kongsberg Gruppen ASA or generate 0.0% return on investment in Kongsberg Gruppen over 30 days. Kongsberg Gruppen is related to or competes with Ducommun Incorporated, Innovative Solutions, Kaman, National Presto, Astronics, Park Electrochemical, and Moog. Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers i... More
Kongsberg Gruppen 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 Kongsberg Gruppen's pink sheet 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 Kongsberg Gruppen ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.1645 | |||
| Maximum Drawdown | 16.2 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 4.53 |
Kongsberg Gruppen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kongsberg Gruppen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kongsberg Gruppen's standard deviation. In reality, there are many statistical measures that can use Kongsberg Gruppen historical prices to predict the future Kongsberg Gruppen's volatility.| Risk Adjusted Performance | 0.1364 | |||
| Jensen Alpha | 0.4603 | |||
| Total Risk Alpha | 0.147 | |||
| Sortino Ratio | 0.2139 | |||
| Treynor Ratio | (4.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kongsberg Gruppen'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.
Kongsberg Gruppen ASA Backtested Returns
Kongsberg Gruppen appears to be very steady, given 3 months investment horizon. Kongsberg Gruppen ASA has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kongsberg Gruppen, which you can use to evaluate the volatility of the firm. Please exercise Kongsberg Gruppen's Mean Deviation of 1.41, downside deviation of 1.71, and Risk Adjusted Performance of 0.1364 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kongsberg Gruppen holds a performance score of 16. The company secures a Beta (Market Risk) of -0.0966, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kongsberg Gruppen are expected to decrease at a much lower rate. During the bear market, Kongsberg Gruppen is likely to outperform the market. Please check Kongsberg Gruppen's semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Kongsberg Gruppen's current price movements will revert.
Auto-correlation | 0.72 |
Good predictability
Kongsberg Gruppen ASA has good predictability. Overlapping area represents the amount of predictability between Kongsberg Gruppen time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 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 Kongsberg Gruppen ASA price movement. The serial correlation of 0.72 indicates that around 72.0% of current Kongsberg Gruppen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
Kongsberg Gruppen ASA lagged returns against current returns
Autocorrelation, which is Kongsberg Gruppen pink sheet'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 Kongsberg Gruppen's pink sheet expected returns. We can calculate the autocorrelation of Kongsberg Gruppen returns to help us make a trade decision. For example, suppose you find that Kongsberg Gruppen has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Kongsberg Gruppen 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 Kongsberg Gruppen pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kongsberg Gruppen pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kongsberg Gruppen pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Kongsberg Gruppen Lagged Returns
When evaluating Kongsberg Gruppen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kongsberg Gruppen pink sheet have on its future price. Kongsberg Gruppen 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, Kongsberg Gruppen autocorrelation shows the relationship between Kongsberg Gruppen pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Kongsberg Gruppen ASA.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Kongsberg Gruppen Correlation, Kongsberg Gruppen Volatility and Kongsberg Gruppen Alpha and Beta module to complement your research on Kongsberg Gruppen. Note that the Kongsberg Gruppen ASA information on this page should be used as a complementary analysis to other Kongsberg Gruppen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Kongsberg Pink Sheet analysis
When running Kongsberg Gruppen's price analysis, check to measure Kongsberg Gruppen'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 Kongsberg Gruppen is operating at the current time. Most of Kongsberg Gruppen's value examination focuses on studying past and present price action to predict the probability of Kongsberg Gruppen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kongsberg Gruppen's price. Additionally, you may evaluate how the addition of Kongsberg Gruppen to your portfolios can decrease your overall portfolio volatility.
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Kongsberg Gruppen technical pink sheet 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, pink sheet market cycles, or different charting patterns.