SPAREBANK (Norway) Market Value

MING
 Stock
  

NOK 118.00  1.80  1.55%   

SPAREBANK's market value is the price at which a share of SPAREBANK stock trades on a public exchange. It measures the collective expectations of SPAREBANK 1 SMN investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SPAREBANK 1 SMN and determine expected loss or profit from investing in SPAREBANK over a given investment horizon. Additionally, see SPAREBANK Correlation, SPAREBANK Volatility and SPAREBANK Alpha and Beta module to complement your research on SPAREBANK.
Symbol

Please note, there is a significant difference between SPAREBANK's value and its price as these two are different measures arrived at by different means. Investors typically determine SPAREBANK value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPAREBANK's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

SPAREBANK '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 SPAREBANK'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 SPAREBANK.
0.00
10/02/2021
No Change 0.00  0.0 
In 11 months and 26 days
09/27/2022
0.00
If you would invest  0.00  in SPAREBANK on October 2, 2021 and sell it all today you would earn a total of 0.00 from holding SPAREBANK 1 SMN or generate 0.0% return on investment in SPAREBANK over 360 days. SpareBank 1 SMN, together with its subsidiaries, provides various banking, accounting, and real estate products and serv... More

SPAREBANK 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 SPAREBANK'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 SPAREBANK 1 SMN upside and downside potential and time the market with a certain degree of confidence.

SPAREBANK Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPAREBANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPAREBANK's standard deviation. In reality, there are many statistical measures that can use SPAREBANK historical prices to predict the future SPAREBANK's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SPAREBANK'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. Please use the tools below to analyze the current value of SPAREBANK in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
114.91116.20117.49
Details
Intrinsic
Valuation
LowReal ValueHigh
110.26111.55127.82
Details
Naive
Forecast
LowNext ValueHigh
116.97118.26119.55
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
116.17121.30123.86
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPAREBANK. Your research has to be compared to or analyzed against SPAREBANK's peers to derive any actionable benefits. When done correctly, SPAREBANK's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in SPAREBANK 1 SMN.

SPAREBANK 1 SMN Backtested Returns

SPAREBANK 1 SMN retains Efficiency (Sharpe Ratio) of -0.0287, which indicates the firm had -0.0287% of return per unit of risk over the last 3 months. Macroaxis philosophy in measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. SPAREBANK exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SPAREBANK 1 SMN risk adjusted performance of (0.004834) to confirm the risk estimate we provide.
The entity owns a Beta (Systematic Risk) of 0.1887, which indicates not very significant fluctuations relative to the market. Let's try to break down what SPAREBANK's beta means in this case. As returns on the market increase, SPAREBANK returns are expected to increase less than the market. However, during the bear market, the loss on holding SPAREBANK will be expected to be smaller as well. Even though it is essential to pay attention to SPAREBANK 1 SMN existing price patterns, it is always good to be careful when utilizing equity price patterns. Our philosophy in measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SPAREBANK exposes twenty-eight different technical indicators, which can help you to evaluate its performance. SPAREBANK 1 SMN has an expected return of -0.0369%. Please be advised to validate SPAREBANK 1 SMN downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation to decide if SPAREBANK 1 SMN performance from the past will be repeated at future time.

Auto-correlation

    
  -0.55  

Good reverse predictability

SPAREBANK 1 SMN has good reverse predictability. Overlapping area represents the amount of predictability between SPAREBANK time series from 2nd of October 2021 to 31st of March 2022 and 31st of March 2022 to 27th of September 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPAREBANK 1 SMN price movement. The serial correlation of -0.55 indicates that about 55.0% of current SPAREBANK price fluctuation can be explain by its past prices.
Correlation Coefficient-0.55
Spearman Rank Test-0.35
Residual Average0.0
Price Variance43.81

SPAREBANK 1 SMN lagged returns against current returns

Autocorrelation, which is SPAREBANK 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 SPAREBANK's stock expected returns. We can calculate the autocorrelation of SPAREBANK returns to help us make a trade decision. For example, suppose you find that SPAREBANK stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

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

SPAREBANK Lagged Returns

When evaluating SPAREBANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPAREBANK stock have on its future price. SPAREBANK 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, SPAREBANK autocorrelation shows the relationship between SPAREBANK stock current value and its past values and can show if there is a momentum factor associated with investing in SPAREBANK 1 SMN.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in SPAREBANK without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see SPAREBANK Correlation, SPAREBANK Volatility and SPAREBANK Alpha and Beta module to complement your research on SPAREBANK. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Other Tools for SPAREBANK Stock

When running SPAREBANK 1 SMN price analysis, check to measure SPAREBANK'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 SPAREBANK is operating at the current time. Most of SPAREBANK's value examination focuses on studying past and present price action to predict the probability of SPAREBANK's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPAREBANK's price. Additionally, you may evaluate how the addition of SPAREBANK to your portfolios can decrease your overall portfolio volatility.
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