American Shipping (Norway) Market Value
| AMSC Stock | NOK 30.75 0.50 1.60% |
| Symbol | American |
American Shipping '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 American Shipping'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 American Shipping.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in American Shipping on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding American Shipping or generate 0.0% return on investment in American Shipping over 30 days. American Shipping is related to or competes with Aker Horizons, REC Silicon, Kongsberg Automotive, and EverfuelAS. American Shipping Company ASA, through its subsidiaries, operates as a ship owning and lease finance company in the Unit... More
American Shipping 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 American Shipping'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 American Shipping upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.0626 | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.94 |
American Shipping Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Shipping's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Shipping's standard deviation. In reality, there are many statistical measures that can use American Shipping historical prices to predict the future American Shipping's volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 0.2008 | |||
| Total Risk Alpha | 0.0212 | |||
| Sortino Ratio | 0.0724 | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Shipping'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.
American Shipping Backtested Returns
American Shipping appears to be very steady, given 3 months investment horizon. American Shipping secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for American Shipping, which you can use to evaluate the volatility of the firm. Please makes use of American Shipping's risk adjusted performance of 0.0664, and Mean Deviation of 1.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, American Shipping holds a performance score of 9. The firm shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning American Shipping are expected to decrease at a much lower rate. During the bear market, American Shipping is likely to outperform the market. Please check American Shipping's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether American Shipping's price patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
American Shipping has insignificant predictability. Overlapping area represents the amount of predictability between American Shipping time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 American Shipping price movement. The serial correlation of 0.12 indicates that less than 12.0% of current American Shipping price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
American Shipping lagged returns against current returns
Autocorrelation, which is American Shipping 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 American Shipping's stock expected returns. We can calculate the autocorrelation of American Shipping returns to help us make a trade decision. For example, suppose you find that American Shipping 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
American Shipping 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 American Shipping stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Shipping stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Shipping stock over time.
Current vs Lagged Prices |
| Timeline |
American Shipping Lagged Returns
When evaluating American Shipping's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Shipping stock have on its future price. American Shipping 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, American Shipping autocorrelation shows the relationship between American Shipping stock current value and its past values and can show if there is a momentum factor associated with investing in American Shipping.
Regressed Prices |
| 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 American Shipping 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, American Shipping's short interest history, or implied volatility extrapolated from American Shipping options trading.
Pair Trading with American Shipping
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Shipping position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Shipping will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
| 0.78 | SNI | Stolt Nielsen Limited | PairCorr |
| 0.62 | BWLPG | BW LPG | PairCorr |
Moving against American Stock
| 0.62 | PYRUM | Pyrum Innovations | PairCorr |
The ability to find closely correlated positions to American Shipping could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Shipping when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Shipping - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Shipping to buy it.
The correlation of American Shipping is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Shipping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Shipping moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Shipping can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out American Shipping Correlation, American Shipping Volatility and American Shipping Alpha and Beta module to complement your research on American Shipping. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for American Stock analysis
When running American Shipping's price analysis, check to measure American Shipping'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 American Shipping is operating at the current time. Most of American Shipping's value examination focuses on studying past and present price action to predict the probability of American Shipping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Shipping's price. Additionally, you may evaluate how the addition of American Shipping to your portfolios can decrease your overall portfolio volatility.
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American Shipping 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.