Norwegian Block (Norway) Market Value
| NBX Stock | 0.40 0.01 2.56% |
| Symbol | Norwegian |
Norwegian Block '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 Norwegian Block'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 Norwegian Block.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Norwegian Block on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Norwegian Block Exchange or generate 0.0% return on investment in Norwegian Block over 360 days. Norwegian Block is related to or competes with Bergen Carbon, Aker Horizons, North Energy, and Sparebanken Sor. More
Norwegian Block 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 Norwegian Block'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 Norwegian Block Exchange upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 60.18 | |||
| Value At Risk | (18.00) | |||
| Potential Upside | 17.65 |
Norwegian Block Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norwegian Block's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norwegian Block's standard deviation. In reality, there are many statistical measures that can use Norwegian Block historical prices to predict the future Norwegian Block's volatility.| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (1.65) | |||
| Treynor Ratio | 0.5851 |
Norwegian Block Exchange Backtested Returns
As of now, Norwegian Stock is out of control. Norwegian Block Exchange has Sharpe Ratio of 0.0125, which conveys that the firm had a 0.0125% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Norwegian Block, which you can use to evaluate the volatility of the firm. Please verify Norwegian Block's Risk Adjusted Performance of 0.0012, standard deviation of 10.84, and Mean Deviation of 7.53 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. The company secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Norwegian Block are expected to decrease at a much lower rate. During the bear market, Norwegian Block is likely to outperform the market. Norwegian Block Exchange right now secures a risk of 10.28%. Please verify Norwegian Block Exchange skewness, as well as the relationship between the daily balance of power and day typical price , to decide if Norwegian Block Exchange will be following its current price movements.
Auto-correlation | -0.41 |
Modest reverse predictability
Norwegian Block Exchange has modest reverse predictability. Overlapping area represents the amount of predictability between Norwegian Block time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Norwegian Block Exchange price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Norwegian Block price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Norwegian Block Exchange lagged returns against current returns
Autocorrelation, which is Norwegian Block 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 Norwegian Block's stock expected returns. We can calculate the autocorrelation of Norwegian Block returns to help us make a trade decision. For example, suppose you find that Norwegian Block 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 |
Norwegian Block 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 Norwegian Block stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norwegian Block stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norwegian Block stock over time.
Current vs Lagged Prices |
| Timeline |
Norwegian Block Lagged Returns
When evaluating Norwegian Block's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norwegian Block stock have on its future price. Norwegian Block 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, Norwegian Block autocorrelation shows the relationship between Norwegian Block stock current value and its past values and can show if there is a momentum factor associated with investing in Norwegian Block Exchange.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Norwegian Stock
Norwegian Block financial ratios help investors to determine whether Norwegian 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 Norwegian with respect to the benefits of owning Norwegian Block security.