Nidaros Sparebank (Norway) Market Value
| NISB Stock | NOK 104.00 0.98 0.95% |
| Symbol | Nidaros |
Nidaros Sparebank '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 Nidaros Sparebank'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 Nidaros Sparebank.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Nidaros Sparebank on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nidaros Sparebank or generate 0.0% return on investment in Nidaros Sparebank over 30 days. Nidaros Sparebank is related to or competes with Techstep ASA, Proximar Seafood, Norwegian Air, Goodtech, SD Standard, Awilco Drilling, and Austevoll Seafood. Nidaros Sparebank, a savings bank, provides loans, savings, insurance, pension products, and payment services for privat... More
Nidaros Sparebank 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 Nidaros Sparebank'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 Nidaros Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.0209 | |||
| Maximum Drawdown | 7.77 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.48 |
Nidaros Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nidaros Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nidaros Sparebank's standard deviation. In reality, there are many statistical measures that can use Nidaros Sparebank historical prices to predict the future Nidaros Sparebank's volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | 0.0433 | |||
| Total Risk Alpha | 0.0163 | |||
| Sortino Ratio | 0.0195 | |||
| Treynor Ratio | (0.38) |
Nidaros Sparebank Backtested Returns
Nidaros Sparebank has Sharpe Ratio of -0.0074, which conveys that the firm had a -0.0074% return per unit of risk over the last 3 months. Nidaros Sparebank exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nidaros Sparebank's Risk Adjusted Performance of 0.0389, mean deviation of 0.5294, and Downside Deviation of 1.22 to check out the risk estimate we provide. 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 Nidaros Sparebank are expected to decrease at a much lower rate. During the bear market, Nidaros Sparebank is likely to outperform the market. At this point, Nidaros Sparebank has a negative expected return of -0.0077%. Please make sure to verify Nidaros Sparebank's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Nidaros Sparebank performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.89 |
Excellent reverse predictability
Nidaros Sparebank has excellent reverse predictability. Overlapping area represents the amount of predictability between Nidaros Sparebank time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Nidaros Sparebank price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Nidaros Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 3.53 |
Nidaros Sparebank lagged returns against current returns
Autocorrelation, which is Nidaros Sparebank 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 Nidaros Sparebank's stock expected returns. We can calculate the autocorrelation of Nidaros Sparebank returns to help us make a trade decision. For example, suppose you find that Nidaros Sparebank 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 |
Nidaros Sparebank 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 Nidaros Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nidaros Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nidaros Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Nidaros Sparebank Lagged Returns
When evaluating Nidaros Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nidaros Sparebank stock have on its future price. Nidaros Sparebank 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, Nidaros Sparebank autocorrelation shows the relationship between Nidaros Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Nidaros Sparebank.
Regressed Prices |
| Timeline |
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Nidaros Sparebank financial ratios help investors to determine whether Nidaros 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 Nidaros with respect to the benefits of owning Nidaros Sparebank security.