Nekkar Asa (Norway) Market Value
| NKR Stock | NOK 9.78 0.08 0.82% |
| Symbol | Nekkar |
Nekkar Asa '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 Nekkar Asa'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 Nekkar Asa.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nekkar Asa on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Nekkar Asa or generate 0.0% return on investment in Nekkar Asa over 210 days. Nekkar Asa is related to or competes with Carasent ASA, 2020 Bulkers, Kitron ASA, MPC Container, and Vow ASA. Nekkar ASA operates in shipyard, aquaculture, renewables, and digital solutions More
Nekkar Asa 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 Nekkar Asa'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 Nekkar Asa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 13.86 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.67 |
Nekkar Asa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nekkar Asa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nekkar Asa's standard deviation. In reality, there are many statistical measures that can use Nekkar Asa historical prices to predict the future Nekkar Asa's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.2183 |
Nekkar Asa Backtested Returns
Nekkar Asa has Sharpe Ratio of -0.0166, which conveys that the firm had a -0.0166% return per unit of risk over the last 3 months. Nekkar Asa exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nekkar Asa's Standard Deviation of 2.28, risk adjusted performance of (0.02), and Mean Deviation of 1.5 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nekkar Asa are expected to decrease at a much lower rate. During the bear market, Nekkar Asa is likely to outperform the market. At this point, Nekkar Asa has a negative expected return of -0.038%. Please make sure to verify Nekkar Asa's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Nekkar Asa performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Nekkar Asa has modest reverse predictability. Overlapping area represents the amount of predictability between Nekkar Asa time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Nekkar Asa price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Nekkar Asa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Nekkar Asa lagged returns against current returns
Autocorrelation, which is Nekkar Asa 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 Nekkar Asa's stock expected returns. We can calculate the autocorrelation of Nekkar Asa returns to help us make a trade decision. For example, suppose you find that Nekkar Asa 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 |
Nekkar Asa 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 Nekkar Asa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nekkar Asa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nekkar Asa stock over time.
Current vs Lagged Prices |
| Timeline |
Nekkar Asa Lagged Returns
When evaluating Nekkar Asa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nekkar Asa stock have on its future price. Nekkar Asa 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, Nekkar Asa autocorrelation shows the relationship between Nekkar Asa stock current value and its past values and can show if there is a momentum factor associated with investing in Nekkar Asa.
Regressed Prices |
| Timeline |
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Nekkar Asa financial ratios help investors to determine whether Nekkar 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 Nekkar with respect to the benefits of owning Nekkar Asa security.