NKT AS (Denmark) Market Value
| NKT Stock | DKK 519.50 27.50 5.59% |
| Symbol | NKT |
NKT AS '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 NKT AS'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 NKT AS.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in NKT AS on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding NKT AS or generate 0.0% return on investment in NKT AS over 90 days. NKT AS is related to or competes with FLSmidth, GN Store, DSV Panalpina, ROCKWOOL International, and ALK Abell. NKT AS develops, manufactures, and markets cables, accessories, and solutions worldwide More
NKT AS 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 NKT AS'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 NKT AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.076 | |||
| Maximum Drawdown | 11.23 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.98 |
NKT AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NKT AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NKT AS's standard deviation. In reality, there are many statistical measures that can use NKT AS historical prices to predict the future NKT AS's volatility.| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.3379 | |||
| Sortino Ratio | 0.0753 | |||
| Treynor Ratio | (0.1) |
NKT AS Backtested Returns
As of now, NKT Stock is very steady. NKT AS has Sharpe Ratio of 0.0314, which conveys that the firm had a 0.0314 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for NKT AS, which you can use to evaluate the volatility of the firm. Please verify NKT AS's Market Risk Adjusted Performance of (0.09), risk adjusted performance of 0.0334, and Mean Deviation of 1.56 to check out if the risk estimate we provide is consistent with the expected return of 0.0697%. NKT AS has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.62, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NKT AS are expected to decrease at a much lower rate. During the bear market, NKT AS is likely to outperform the market. NKT AS currently secures a risk of 2.22%. Please verify NKT AS treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if NKT AS will be following its current price movements.
Auto-correlation | -0.49 |
Modest reverse predictability
NKT AS has modest reverse predictability. Overlapping area represents the amount of predictability between NKT AS time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 NKT AS price movement. The serial correlation of -0.49 indicates that about 49.0% of current NKT AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 351.16 |
NKT AS lagged returns against current returns
Autocorrelation, which is NKT AS 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 NKT AS's stock expected returns. We can calculate the autocorrelation of NKT AS returns to help us make a trade decision. For example, suppose you find that NKT AS 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 |
NKT AS 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 NKT AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NKT AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NKT AS stock over time.
Current vs Lagged Prices |
| Timeline |
NKT AS Lagged Returns
When evaluating NKT AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NKT AS stock have on its future price. NKT AS 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, NKT AS autocorrelation shows the relationship between NKT AS stock current value and its past values and can show if there is a momentum factor associated with investing in NKT AS.
Regressed Prices |
| Timeline |
Pair Trading with NKT AS
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NKT AS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NKT AS will appreciate offsetting losses from the drop in the long position's value.Moving against NKT Stock
| 0.55 | YOYO | Orderyoyo AS Earnings Call This Week | PairCorr |
| 0.49 | DKIEUADKKH | Danske Invest Europa | PairCorr |
| 0.45 | RTX | RTX AS | PairCorr |
| 0.43 | BAIKHYORLA | BankInv Kort HY | PairCorr |
| 0.41 | KBHL | Copenhagen Airports | PairCorr |
The ability to find closely correlated positions to NKT AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NKT AS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NKT AS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NKT AS to buy it.
The correlation of NKT AS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NKT AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NKT AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NKT AS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in NKT Stock
NKT AS financial ratios help investors to determine whether NKT 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 NKT with respect to the benefits of owning NKT AS security.