Pareto Nordic (Germany) Market Value
| 0P0001F6GT | 157.34 2.50 1.56% |
| Symbol | Pareto |
Pareto Nordic '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 Pareto Nordic's fund 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 Pareto Nordic.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Pareto Nordic on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Pareto Nordic Equity or generate 0.0% return on investment in Pareto Nordic over 90 days.
Pareto Nordic 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 Pareto Nordic's fund 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 Pareto Nordic Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8533 | |||
| Information Ratio | 0.1579 | |||
| Maximum Drawdown | 5.36 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.29 |
Pareto Nordic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pareto Nordic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pareto Nordic's standard deviation. In reality, there are many statistical measures that can use Pareto Nordic historical prices to predict the future Pareto Nordic's volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | 0.0064 | |||
| Total Risk Alpha | 0.1361 | |||
| Sortino Ratio | 0.1602 | |||
| Treynor Ratio | (0.14) |
Pareto Nordic Equity Backtested Returns
At this point, Pareto Nordic is very steady. Pareto Nordic Equity maintains Sharpe Ratio (i.e., Efficiency) of 0.0511, which implies the entity had a 0.0511 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pareto Nordic Equity, which you can use to evaluate the volatility of the fund. Please check Pareto Nordic's Coefficient Of Variation of 2297.92, semi deviation of 0.7786, and Risk Adjusted Performance of 0.0378 to confirm if the risk estimate we provide is consistent with the expected return of 0.0466%. The fund holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pareto Nordic are expected to decrease at a much lower rate. During the bear market, Pareto Nordic is likely to outperform the market.
Auto-correlation | 0.09 |
Virtually no predictability
Pareto Nordic Equity has virtually no predictability. Overlapping area represents the amount of predictability between Pareto Nordic time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pareto Nordic Equity price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Pareto Nordic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 10.7 |
Pareto Nordic Equity lagged returns against current returns
Autocorrelation, which is Pareto Nordic fund'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 Pareto Nordic's fund expected returns. We can calculate the autocorrelation of Pareto Nordic returns to help us make a trade decision. For example, suppose you find that Pareto Nordic has exhibited high autocorrelation historically, and you observe that the fund 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 |
Pareto Nordic 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 Pareto Nordic fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pareto Nordic fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pareto Nordic fund over time.
Current vs Lagged Prices |
| Timeline |
Pareto Nordic Lagged Returns
When evaluating Pareto Nordic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pareto Nordic fund have on its future price. Pareto Nordic 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, Pareto Nordic autocorrelation shows the relationship between Pareto Nordic fund current value and its past values and can show if there is a momentum factor associated with investing in Pareto Nordic Equity.
Regressed Prices |
| Timeline |
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