NN Group's market value is the price at which a share of NN Group trades on a public exchange. It measures the collective expectations of NN Group NV investors about its performance. NN Group is trading at 41.74 as of the 31st of December 2024. This is a 0.17 percent down since the beginning of the trading day. The stock's lowest day price was 41.74. With this module, you can estimate the performance of a buy and hold strategy of NN Group NV and determine expected loss or profit from investing in NN Group over a given investment horizon. Check out NN Group Correlation, NN Group Volatility and NN Group Alpha and Beta module to complement your research on NN Group.
Please note, there is a significant difference between NN Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if NN Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NN Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NN Group '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 NN Group'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 NN Group.
0.00
07/04/2024
No Change 0.00
0.0
In 5 months and 30 days
12/31/2024
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If you would invest 0.00 in NN Group on July 4, 2024 and sell it all today you would earn a total of 0.00 from holding NN Group NV or generate 0.0% return on investment in NN Group over 180 days. NN Group is related to or competes with Jupiter Fund, CEOTRONICS (CEKSG), CARSALES, Japan Tobacco, INTER CARS, and IMPERIAL TOBACCO. NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands, rest of Euro... More
NN Group 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 NN Group'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 NN Group NV upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NN Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NN Group's standard deviation. In reality, there are many statistical measures that can use NN Group historical prices to predict the future NN Group's volatility.
NN Group NV retains Efficiency (Sharpe Ratio) of -0.0983, which conveys that the firm had a -0.0983% return per unit of price deviation over the last 3 months. NN Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NN Group's Information Ratio of (0.13), market risk adjusted performance of (0.47), and Mean Deviation of 0.6884 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NN Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding NN Group is expected to be smaller as well. At this point, NN Group NV has a negative expected return of -0.0911%. Please make sure to verify NN Group's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if NN Group NV performance from the past will be repeated sooner or later.
Auto-correlation
-0.46
Modest reverse predictability
NN Group NV has modest reverse predictability. Overlapping area represents the amount of predictability between NN Group time series from 4th of July 2024 to 2nd of October 2024 and 2nd of October 2024 to 31st of December 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 NN Group NV price movement. The serial correlation of -0.46 indicates that about 46.0% of current NN Group price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.46
Spearman Rank Test
-0.33
Residual Average
0.0
Price Variance
2.28
NN Group NV lagged returns against current returns
Autocorrelation, which is NN Group 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 NN Group's stock expected returns. We can calculate the autocorrelation of NN Group returns to help us make a trade decision. For example, suppose you find that NN Group 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
NN Group 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 NN Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NN Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NN Group stock over time.
Current vs Lagged Prices
Timeline
NN Group Lagged Returns
When evaluating NN Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NN Group stock have on its future price. NN Group 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, NN Group autocorrelation shows the relationship between NN Group stock current value and its past values and can show if there is a momentum factor associated with investing in NN Group NV.
NN Group financial ratios help investors to determine whether 2NN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 2NN with respect to the benefits of owning NN Group security.