Nordic Halibut (Norway) Market Value
| NOHAL Stock | NOK 22.20 0.40 1.77% |
| Symbol | Nordic |
Nordic Halibut '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 Nordic Halibut'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 Nordic Halibut.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nordic Halibut on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Nordic Halibut AS or generate 0.0% return on investment in Nordic Halibut over 210 days. Nordic Halibut is related to or competes with SalMar ASA, Austevoll Seafood, Icelandic Salmon, Masoval AS, Arctic Fish, and Salmon Evolution. Nordic Halibut AS produces and sells farmed Atlantic halibut products in Norway and internationally More
Nordic Halibut 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 Nordic Halibut'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 Nordic Halibut AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 12.02 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.0 |
Nordic Halibut Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Halibut's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Halibut's standard deviation. In reality, there are many statistical measures that can use Nordic Halibut historical prices to predict the future Nordic Halibut's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (1.50) |
Nordic Halibut AS Backtested Returns
Nordic Halibut AS has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Nordic Halibut exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Halibut's Mean Deviation of 1.77, risk adjusted performance of (0.10), and Standard Deviation of 2.39 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nordic Halibut's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordic Halibut is expected to be smaller as well. At this point, Nordic Halibut AS has a negative expected return of -0.33%. Please make sure to verify Nordic Halibut's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Nordic Halibut AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Nordic Halibut AS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nordic Halibut 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 Nordic Halibut AS price movement. The serial correlation of -0.74 indicates that around 74.0% of current Nordic Halibut price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 2.47 |
Nordic Halibut AS lagged returns against current returns
Autocorrelation, which is Nordic Halibut 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 Nordic Halibut's stock expected returns. We can calculate the autocorrelation of Nordic Halibut returns to help us make a trade decision. For example, suppose you find that Nordic Halibut 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 |
Nordic Halibut 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 Nordic Halibut stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Halibut stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Halibut stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Halibut Lagged Returns
When evaluating Nordic Halibut's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Halibut stock have on its future price. Nordic Halibut 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, Nordic Halibut autocorrelation shows the relationship between Nordic Halibut stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Halibut AS.
Regressed Prices |
| Timeline |
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Nordic Halibut financial ratios help investors to determine whether Nordic 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 Nordic with respect to the benefits of owning Nordic Halibut security.