Nordea Bank (Sweden) Market Value
| NDA-SE Stock | SEK 123.55 1.65 1.35% |
| Symbol | Nordea |
Nordea Bank '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 Nordea Bank'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 Nordea Bank.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Nordea Bank on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nordea Bank Abp or generate 0.0% return on investment in Nordea Bank over 30 days. Nordea Bank is related to or competes with Svenska Handelsbanken, Telia Company, Tele2 AB, and H M. Nordea Bank Abp provides various banking products and services for personal customers, small and medium businesses, and ... More
Nordea Bank 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 Nordea Bank'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 Nordea Bank Abp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.28 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.92 |
Nordea Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordea Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordea Bank's standard deviation. In reality, there are many statistical measures that can use Nordea Bank historical prices to predict the future Nordea Bank's volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | 0.0479 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nordea Bank'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.
Nordea Bank Abp Backtested Returns
At this point, Nordea Bank is very steady. Nordea Bank Abp has Sharpe Ratio of 0.0253, which conveys that the firm had a 0.0253% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nordea Bank, which you can use to evaluate the volatility of the firm. Please verify Nordea Bank's Downside Deviation of 1.03, mean deviation of 0.8733, and Risk Adjusted Performance of 0.0318 to check out if the risk estimate we provide is consistent with the expected return of 0.0319%. Nordea Bank has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordea Bank are expected to decrease at a much lower rate. During the bear market, Nordea Bank is likely to outperform the market. Nordea Bank Abp right now secures a risk of 1.26%. Please verify Nordea Bank Abp maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to decide if Nordea Bank Abp will be following its current price movements.
Auto-correlation | 0.48 |
Average predictability
Nordea Bank Abp has average predictability. Overlapping area represents the amount of predictability between Nordea Bank time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Nordea Bank Abp price movement. The serial correlation of 0.48 indicates that about 48.0% of current Nordea Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
Nordea Bank Abp lagged returns against current returns
Autocorrelation, which is Nordea Bank 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 Nordea Bank's stock expected returns. We can calculate the autocorrelation of Nordea Bank returns to help us make a trade decision. For example, suppose you find that Nordea Bank 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 |
Nordea Bank 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 Nordea Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordea Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordea Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Nordea Bank Lagged Returns
When evaluating Nordea Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordea Bank stock have on its future price. Nordea Bank 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, Nordea Bank autocorrelation shows the relationship between Nordea Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Nordea Bank Abp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nordea Stock
Nordea Bank financial ratios help investors to determine whether Nordea 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 Nordea with respect to the benefits of owning Nordea Bank security.