SalMar ASA (Norway) Market Value

SALM
 Stock
  

NOK 346.00  0.20  0.06%   

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

Please note, there is a significant difference between SalMar ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine SalMar ASA value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SalMar ASA'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.

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.
0.00
11/02/2022
No Change 0.00  0.0 
In 31 days
12/02/2022
0.00
If you would invest  0.00  in SalMar ASA on November 2, 2022 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 30 days. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of SalMar ASA in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
327.96332.80337.64
Details
Intrinsic
Valuation
LowReal ValueHigh
299.52384.71389.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SalMar ASA. Your research has to be compared to or analyzed against SalMar ASA's peers to derive any actionable benefits. When done correctly, SalMar ASA'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 SalMar ASA.

SalMar ASA Backtested Returns

SalMar ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had -0.17% of return per unit of risk over the last 3 months. Macroaxis standpoint towards 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. SalMar ASA exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SalMar ASA risk adjusted performance of (0.26), and Coefficient Of Variation of (563.29) to confirm the risk estimate we provide.
The entity has a beta of -0.0136, which indicates not very significant fluctuations relative to the market. Let's try to break down what SalMar's beta means in this case. As returns on the market increase, returns on owning SalMar ASA are expected to decrease at a much lower rate. During the bear market, SalMar ASA is likely to outperform the market. Even though it is essential to pay attention to SalMar ASA current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards 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. SalMar ASA exposes twenty-eight different technical indicators, which can help you to evaluate its performance. SalMar ASA has an expected return of -0.82%. Please be advised to validate SalMar ASA jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio to decide if SalMar ASA performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.62  

Good predictability

SalMar ASA has good predictability. Overlapping area represents the amount of predictability between SalMar ASA time series from 2nd of November 2022 to 17th of November 2022 and 17th of November 2022 to 2nd of December 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 SalMar ASA price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current SalMar ASA price fluctuation can be explain by its past prices.
Correlation Coefficient0.62
Spearman Rank Test-0.24
Residual Average0.0
Price Variance58.49

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 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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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   
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       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   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in SalMar ASA 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, take a look at SalMar ASA Correlation, SalMar ASA Volatility and SalMar ASA Alpha and Beta module to complement your research on SalMar ASA. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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When running SalMar ASA 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 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.
A focus of SalMar ASA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SalMar ASA trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...