Nordnet Teknologi (Ireland) Market Value
| 0P0001M5YQ | 238.11 0.00 0.00% |
| Symbol | Nordnet |
Nordnet Teknologi '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 Nordnet Teknologi'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 Nordnet Teknologi.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Nordnet Teknologi on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Nordnet Teknologi Indeks or generate 0.0% return on investment in Nordnet Teknologi over 30 days.
Nordnet Teknologi 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 Nordnet Teknologi'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 Nordnet Teknologi Indeks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.1817 | |||
| Maximum Drawdown | 5.73 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 1.79 |
Nordnet Teknologi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordnet Teknologi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordnet Teknologi's standard deviation. In reality, there are many statistical measures that can use Nordnet Teknologi historical prices to predict the future Nordnet Teknologi's volatility.| Risk Adjusted Performance | 0.1665 | |||
| Jensen Alpha | 0.2336 | |||
| Total Risk Alpha | 0.2087 | |||
| Sortino Ratio | 0.175 | |||
| Treynor Ratio | 3.05 |
Nordnet Teknologi Indeks Backtested Returns
As of now, Nordnet Fund is very steady. Nordnet Teknologi Indeks has Sharpe Ratio of 0.16, which conveys that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Nordnet Teknologi, which you can use to evaluate the volatility of the fund. Please verify Nordnet Teknologi's Mean Deviation of 0.9386, downside deviation of 1.24, and Risk Adjusted Performance of 0.1665 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. The fund secures a Beta (Market Risk) of 0.0771, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nordnet Teknologi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordnet Teknologi is expected to be smaller as well.
Auto-correlation | -0.29 |
Weak reverse predictability
Nordnet Teknologi Indeks has weak reverse predictability. Overlapping area represents the amount of predictability between Nordnet Teknologi 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 Nordnet Teknologi Indeks price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Nordnet Teknologi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 7.57 |
Nordnet Teknologi Indeks lagged returns against current returns
Autocorrelation, which is Nordnet Teknologi 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 Nordnet Teknologi's fund expected returns. We can calculate the autocorrelation of Nordnet Teknologi returns to help us make a trade decision. For example, suppose you find that Nordnet Teknologi 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 |
Nordnet Teknologi 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 Nordnet Teknologi fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordnet Teknologi fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordnet Teknologi fund over time.
Current vs Lagged Prices |
| Timeline |
Nordnet Teknologi Lagged Returns
When evaluating Nordnet Teknologi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordnet Teknologi fund have on its future price. Nordnet Teknologi 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, Nordnet Teknologi autocorrelation shows the relationship between Nordnet Teknologi fund current value and its past values and can show if there is a momentum factor associated with investing in Nordnet Teknologi Indeks.
Regressed Prices |
| Timeline |
Pair Trading with Nordnet Teknologi
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 Nordnet Teknologi 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 Nordnet Teknologi will appreciate offsetting losses from the drop in the long position's value.Moving together with Nordnet Fund
| 0.92 | IE00B065CV35 | Franklin Floating Rate | PairCorr |
| 0.9 | IE0032578035 | Franklin Floating Rate | PairCorr |
| 0.92 | IE00B000C709 | Franklin Floating Rate | PairCorr |
The ability to find closely correlated positions to Nordnet Teknologi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordnet Teknologi 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 Nordnet Teknologi - 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 Nordnet Teknologi Indeks to buy it.
The correlation of Nordnet Teknologi 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 Nordnet Teknologi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordnet Teknologi Indeks 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 Nordnet Teknologi 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.| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
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