Oslo Exchange (Norway) Market Value

OSEFX Index   1,394  0.13  0.01%   
Oslo Exchange's market value is the price at which a share of Oslo Exchange trades on a public exchange. It measures the collective expectations of Oslo Exchange Mutual investors about its performance. Oslo Exchange is listed for 1394.26 as of the 20th of July 2024. This is a 0.01 percent up since the beginning of the trading day. The index's open price was 1394.13.
With this module, you can estimate the performance of a buy and hold strategy of Oslo Exchange Mutual and determine expected loss or profit from investing in Oslo Exchange over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in interest.

Oslo Exchange '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 Oslo Exchange's index 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 Oslo Exchange.
No Change 0.00  0.0 
In 30 days
If you would invest  0.00  in Oslo Exchange on June 20, 2024 and sell it all today you would earn a total of 0.00 from holding Oslo Exchange Mutual or generate 0.0% return on investment in Oslo Exchange over 30 days.

Oslo Exchange 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 Oslo Exchange's index 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 Oslo Exchange Mutual upside and downside potential and time the market with a certain degree of confidence.

Oslo Exchange Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oslo Exchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oslo Exchange's standard deviation. In reality, there are many statistical measures that can use Oslo Exchange historical prices to predict the future Oslo Exchange's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oslo Exchange'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.

Oslo Exchange Mutual Backtested Returns

Oslo Exchange Mutual maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Oslo Exchange Mutual, which you can use to evaluate the volatility of the index. The index holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Oslo Exchange are completely uncorrelated.



Good predictability

Oslo Exchange Mutual has good predictability. Overlapping area represents the amount of predictability between Oslo Exchange time series from 20th of June 2024 to 5th of July 2024 and 5th of July 2024 to 20th of July 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 Oslo Exchange Mutual price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Oslo Exchange price fluctuation can be explain by its past prices.
Correlation Coefficient0.6
Spearman Rank Test0.71
Residual Average0.0
Price Variance194.25

Oslo Exchange Mutual lagged returns against current returns

Autocorrelation, which is Oslo Exchange index'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 Oslo Exchange's index expected returns. We can calculate the autocorrelation of Oslo Exchange returns to help us make a trade decision. For example, suppose you find that Oslo Exchange has exhibited high autocorrelation historically, and you observe that the index 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   

Oslo Exchange 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 Oslo Exchange index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oslo Exchange index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oslo Exchange index over time.
   Current vs Lagged Prices   

Oslo Exchange Lagged Returns

When evaluating Oslo Exchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oslo Exchange index have on its future price. Oslo Exchange 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, Oslo Exchange autocorrelation shows the relationship between Oslo Exchange index current value and its past values and can show if there is a momentum factor associated with investing in Oslo Exchange Mutual.
   Regressed Prices   

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.