Northern Data (Germany) Market Value
| NB2 Stock | 50.30 1.00 1.95% |
| Symbol | Northern |
Northern Data '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 Northern Data'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 Northern Data.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Northern Data on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Data AG or generate 0.0% return on investment in Northern Data over 60 days. Northern Data is related to or competes with MPH Health, Elmos Semiconductor, ADRIATIC METALS, MCEWEN MINING, Tower Semiconductor, Western Copper, and OPKO HEALTH. More
Northern Data 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 Northern Data'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 Northern Data AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.2472 | |||
| Maximum Drawdown | 20.88 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 9.43 |
Northern Data Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Data's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Data's standard deviation. In reality, there are many statistical measures that can use Northern Data historical prices to predict the future Northern Data's volatility.| Risk Adjusted Performance | 0.2128 | |||
| Jensen Alpha | 1.09 | |||
| Total Risk Alpha | 1.02 | |||
| Sortino Ratio | 0.3907 | |||
| Treynor Ratio | (2.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Data's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Northern Data AG Backtested Returns
Northern Data is not too volatile given 3 months investment horizon. Northern Data AG has Sharpe Ratio of 0.26, which conveys that the firm had a 0.26% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Northern Data AG Downside Deviation of 2.74, risk adjusted performance of 0.2128, and Mean Deviation of 3.12 to evaluate company specific risk that cannot be diversified away. Northern Data holds a performance score of 20 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Northern Data are expected to decrease at a much lower rate. During the bear market, Northern Data is likely to outperform the market. Use Northern Data AG maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to analyze future returns on Northern Data AG.
Auto-correlation | 0.51 |
Modest predictability
Northern Data AG has modest predictability. Overlapping area represents the amount of predictability between Northern Data time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Northern Data AG price movement. The serial correlation of 0.51 indicates that about 51.0% of current Northern Data price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 9.16 |
Northern Data AG lagged returns against current returns
Autocorrelation, which is Northern Data 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 Northern Data's stock expected returns. We can calculate the autocorrelation of Northern Data returns to help us make a trade decision. For example, suppose you find that Northern Data 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 |
Northern Data 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 Northern Data stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Data stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Data stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Data Lagged Returns
When evaluating Northern Data's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Data stock have on its future price. Northern Data 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, Northern Data autocorrelation shows the relationship between Northern Data stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Data AG.
Regressed Prices |
| Timeline |
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Additional Tools for Northern Stock Analysis
When running Northern Data's price analysis, check to measure Northern Data's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Data is operating at the current time. Most of Northern Data's value examination focuses on studying past and present price action to predict the probability of Northern Data's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Data's price. Additionally, you may evaluate how the addition of Northern Data to your portfolios can decrease your overall portfolio volatility.