Nordea Norwegian (Ireland) Market Value
| 0P0001IIFG | 170.07 0.45 0.27% |
| Symbol | Nordea |
Nordea Norwegian '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 Nordea Norwegian'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 Nordea Norwegian.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Nordea Norwegian on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Nordea Norwegian Stars or generate 0.0% return on investment in Nordea Norwegian over 30 days.
Nordea Norwegian 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 Nordea Norwegian'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 Nordea Norwegian Stars upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5249 | |||
| Information Ratio | 0.0321 | |||
| Maximum Drawdown | 2.02 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.7807 |
Nordea Norwegian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordea Norwegian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordea Norwegian's standard deviation. In reality, there are many statistical measures that can use Nordea Norwegian historical prices to predict the future Nordea Norwegian's volatility.| Risk Adjusted Performance | 0.0648 | |||
| Jensen Alpha | 0.036 | |||
| Total Risk Alpha | 0.0224 | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | (0.18) |
Nordea Norwegian Stars Backtested Returns
Nordea Norwegian is very steady at the moment. Nordea Norwegian Stars has Sharpe Ratio of 0.0474, which conveys that the entity had a 0.0474% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nordea Norwegian, which you can use to evaluate the volatility of the fund. Please verify Nordea Norwegian's Risk Adjusted Performance of 0.0648, downside deviation of 0.5249, and Mean Deviation of 0.3764 to check out if the risk estimate we provide is consistent with the expected return of 0.0222%. The fund secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordea Norwegian are expected to decrease at a much lower rate. During the bear market, Nordea Norwegian is likely to outperform the market.
Auto-correlation | -0.28 |
Weak reverse predictability
Nordea Norwegian Stars has weak reverse predictability. Overlapping area represents the amount of predictability between Nordea Norwegian time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 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 Nordea Norwegian Stars price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Nordea Norwegian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Nordea Norwegian Stars lagged returns against current returns
Autocorrelation, which is Nordea Norwegian 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 Nordea Norwegian's fund expected returns. We can calculate the autocorrelation of Nordea Norwegian returns to help us make a trade decision. For example, suppose you find that Nordea Norwegian 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 |
Nordea Norwegian 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 Nordea Norwegian fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordea Norwegian fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordea Norwegian fund over time.
Current vs Lagged Prices |
| Timeline |
Nordea Norwegian Lagged Returns
When evaluating Nordea Norwegian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordea Norwegian fund have on its future price. Nordea Norwegian 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, Nordea Norwegian autocorrelation shows the relationship between Nordea Norwegian fund current value and its past values and can show if there is a momentum factor associated with investing in Nordea Norwegian Stars.
Regressed Prices |
| Timeline |
Pair Trading with Nordea Norwegian
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 Nordea Norwegian 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 Nordea Norwegian will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nordea Norwegian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordea Norwegian 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 Nordea Norwegian - 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 Nordea Norwegian Stars to buy it.
The correlation of Nordea Norwegian 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 Nordea Norwegian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordea Norwegian Stars 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 Nordea Norwegian 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.| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
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