Nordic Semiconductor (Germany) Market Value
| N0S Stock | EUR 11.08 0.07 0.63% |
| Symbol | Nordic |
Nordic Semiconductor '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 Nordic Semiconductor'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 Nordic Semiconductor.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Nordic Semiconductor on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nordic Semiconductor ASA or generate 0.0% return on investment in Nordic Semiconductor over 90 days. Nordic Semiconductor is related to or competes with Infrastrutture Wireless, SOUTHWEST AIRLINES, SINGAPORE AIRLINES, Ribbon Communications, Geely Automobile, SCANSOURCE, and Singapore Telecommunicatio. Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, markets, and sells integrated circuits, sy... More
Nordic Semiconductor 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 Nordic Semiconductor'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 Nordic Semiconductor ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.1447 | |||
| Maximum Drawdown | 31.09 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 3.13 |
Nordic Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Semiconductor's standard deviation. In reality, there are many statistical measures that can use Nordic Semiconductor historical prices to predict the future Nordic Semiconductor's volatility.| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | 0.483 | |||
| Total Risk Alpha | 0.8994 | |||
| Sortino Ratio | 0.21 | |||
| Treynor Ratio | 0.9128 |
Nordic Semiconductor ASA Backtested Returns
Nordic Semiconductor appears to be somewhat reliable, given 3 months investment horizon. Nordic Semiconductor ASA has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. By analyzing Nordic Semiconductor's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please exercise Nordic Semiconductor's Downside Deviation of 2.57, risk adjusted performance of 0.1105, and Mean Deviation of 1.83 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nordic Semiconductor holds a performance score of 10. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nordic Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordic Semiconductor is expected to be smaller as well. Please check Nordic Semiconductor's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Nordic Semiconductor's current price movements will revert.
Auto-correlation | 0.45 |
Average predictability
Nordic Semiconductor ASA has average predictability. Overlapping area represents the amount of predictability between Nordic Semiconductor 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 Nordic Semiconductor ASA price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Nordic Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
Nordic Semiconductor ASA lagged returns against current returns
Autocorrelation, which is Nordic Semiconductor 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 Nordic Semiconductor's stock expected returns. We can calculate the autocorrelation of Nordic Semiconductor returns to help us make a trade decision. For example, suppose you find that Nordic Semiconductor 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 |
Nordic Semiconductor 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 Nordic Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Semiconductor Lagged Returns
When evaluating Nordic Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Semiconductor stock have on its future price. Nordic Semiconductor 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, Nordic Semiconductor autocorrelation shows the relationship between Nordic Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Semiconductor ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nordic Stock
Nordic Semiconductor financial ratios help investors to determine whether Nordic 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 Nordic with respect to the benefits of owning Nordic Semiconductor security.