EN EXPAND (Norway) Market Value

OAAXP
  

 29.20  0.90  3.18%   

EN EXPAND's market value is the price at which a share of EN EXPAND stock trades on a public exchange. It measures the collective expectations of EN EXPAND ALL S investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of EN EXPAND ALL S and determine expected loss or profit from investing in EN EXPAND over a given investment horizon. Check out Your Equity Center.
Symbol

EN EXPAND '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 EN EXPAND'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 EN EXPAND.
0.00
09/01/2022
No Change 0.00  0.0 
In 30 days
10/01/2022
0.00
If you would invest  0.00  in EN EXPAND on September 1, 2022 and sell it all today you would earn a total of 0.00 from holding EN EXPAND ALL S or generate 0.0% return on investment in EN EXPAND over 30 days.

EN EXPAND 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 EN EXPAND'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 EN EXPAND ALL S upside and downside potential and time the market with a certain degree of confidence.

EN EXPAND Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for EN EXPAND's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EN EXPAND's standard deviation. In reality, there are many statistical measures that can use EN EXPAND historical prices to predict the future EN EXPAND's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of EN EXPAND'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 EN EXPAND in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as EN EXPAND. Your research has to be compared to or analyzed against EN EXPAND's peers to derive any actionable benefits. When done correctly, EN EXPAND'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 EN EXPAND ALL.

EN EXPAND ALL Backtested Returns

EN EXPAND ALL retains Efficiency (Sharpe Ratio) of -0.0992, which denotes the index had -0.0992% of return per unit of price deviation over the last 3 months. Macroaxis outlook to predicting the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. EN EXPAND exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
The index owns a Beta (Systematic Risk) of 0.0, which means not very significant fluctuations relative to the market. Let's try to break down what OAAXP's beta means in this case. the returns on MARKET and EN EXPAND are completely uncorrelated. Even though it is essential to pay attention to EN EXPAND ALL existing price patterns, it is always good to be careful when utilizing equity price patterns. Our way in which we are predicting any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. EN EXPAND exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.61  

Very good reverse predictability

EN EXPAND ALL S has very good reverse predictability. Overlapping area represents the amount of predictability between EN EXPAND time series from 1st of September 2022 to 16th of September 2022 and 16th of September 2022 to 1st of October 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 EN EXPAND ALL price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current EN EXPAND price fluctuation can be explain by its past prices.
Correlation Coefficient-0.61
Spearman Rank Test-0.77
Residual Average0.0
Price Variance4.59

EN EXPAND ALL lagged returns against current returns

Autocorrelation, which is EN EXPAND 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 EN EXPAND's index expected returns. We can calculate the autocorrelation of EN EXPAND returns to help us make a trade decision. For example, suppose you find that EN EXPAND index 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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EN EXPAND 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 EN EXPAND index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EN EXPAND index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EN EXPAND index over time.
   Current vs Lagged Prices   
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       Timeline  

EN EXPAND Lagged Returns

When evaluating EN EXPAND's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EN EXPAND index have on its future price. EN EXPAND 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, EN EXPAND autocorrelation shows the relationship between EN EXPAND index current value and its past values and can show if there is a momentum factor associated with investing in EN EXPAND ALL S.
   Regressed Prices   
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       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 EN EXPAND 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, EN EXPAND's short interest history, or implied volatility extrapolated from EN EXPAND options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as EN EXPAND ALL using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Check out Your Equity Center. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Other Tools for OAAXP Index

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