Gjensidige Forsikring (Norway) Market Value
| GJF Stock | NOK 179.50 1.90 1.07% |
| Symbol | Gjensidige |
Gjensidige Forsikring '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 Gjensidige Forsikring'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 Gjensidige Forsikring.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Gjensidige Forsikring on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Gjensidige Forsikring ASA or generate 0.0% return on investment in Gjensidige Forsikring over 30 days. Gjensidige Forsikring is related to or competes with DnB ASA, Storebrand ASA, Orkla ASA, Telenor ASA, and Yara International. Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Est... More
Gjensidige Forsikring 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 Gjensidige Forsikring'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 Gjensidige Forsikring ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.0066 | |||
| Maximum Drawdown | 9.08 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 2.17 |
Gjensidige Forsikring Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gjensidige Forsikring's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gjensidige Forsikring's standard deviation. In reality, there are many statistical measures that can use Gjensidige Forsikring historical prices to predict the future Gjensidige Forsikring's volatility.| Risk Adjusted Performance | 0.0436 | |||
| Jensen Alpha | 0.1033 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0077 | |||
| Treynor Ratio | (0.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gjensidige Forsikring'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.
Gjensidige Forsikring ASA Backtested Returns
Gjensidige Forsikring appears to be very steady, given 3 months investment horizon. Gjensidige Forsikring ASA holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gjensidige Forsikring ASA, which you can use to evaluate the volatility of the firm. Please utilize Gjensidige Forsikring's Risk Adjusted Performance of 0.0436, downside deviation of 1.44, and Market Risk Adjusted Performance of (0.54) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gjensidige Forsikring holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gjensidige Forsikring are expected to decrease at a much lower rate. During the bear market, Gjensidige Forsikring is likely to outperform the market. Please check Gjensidige Forsikring's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Gjensidige Forsikring's current trending patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Gjensidige Forsikring ASA has average predictability. Overlapping area represents the amount of predictability between Gjensidige Forsikring time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th 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 Gjensidige Forsikring ASA price movement. The serial correlation of 0.49 indicates that about 49.0% of current Gjensidige Forsikring price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 33.82 |
Gjensidige Forsikring ASA lagged returns against current returns
Autocorrelation, which is Gjensidige Forsikring 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 Gjensidige Forsikring's stock expected returns. We can calculate the autocorrelation of Gjensidige Forsikring returns to help us make a trade decision. For example, suppose you find that Gjensidige Forsikring 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 |
Gjensidige Forsikring 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 Gjensidige Forsikring stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gjensidige Forsikring stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gjensidige Forsikring stock over time.
Current vs Lagged Prices |
| Timeline |
Gjensidige Forsikring Lagged Returns
When evaluating Gjensidige Forsikring's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gjensidige Forsikring stock have on its future price. Gjensidige Forsikring 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, Gjensidige Forsikring autocorrelation shows the relationship between Gjensidige Forsikring stock current value and its past values and can show if there is a momentum factor associated with investing in Gjensidige Forsikring ASA.
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 Gjensidige Forsikring 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, Gjensidige Forsikring's short interest history, or implied volatility extrapolated from Gjensidige Forsikring options trading.
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Try AI Portfolio ArchitectCheck out Gjensidige Forsikring Correlation, Gjensidige Forsikring Volatility and Gjensidige Forsikring Alpha and Beta module to complement your research on Gjensidige Forsikring. Note that the Gjensidige Forsikring ASA information on this page should be used as a complementary analysis to other Gjensidige Forsikring's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Gjensidige Stock analysis
When running Gjensidige Forsikring's price analysis, check to measure Gjensidige Forsikring'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 Gjensidige Forsikring is operating at the current time. Most of Gjensidige Forsikring's value examination focuses on studying past and present price action to predict the probability of Gjensidige Forsikring's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gjensidige Forsikring's price. Additionally, you may evaluate how the addition of Gjensidige Forsikring to your portfolios can decrease your overall portfolio volatility.
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Gjensidige Forsikring 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.