Nordic Mining (Norway) Market Value
| NOM Stock | NOK 20.91 0.05 0.24% |
| Symbol | Nordic |
Nordic Mining '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 Mining'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 Mining.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Nordic Mining on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Nordic Mining ASA or generate 0.0% return on investment in Nordic Mining over 90 days. Nordic Mining is related to or competes with Proximar Seafood, 5Th Planet, Austevoll Seafood, SpareBank, Polaris Media, and Lery Seafood. Nordic Mining ASA, together with its subsidiaries, engages in the exploration, extraction, and production of industrial ... More
Nordic Mining 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 Mining'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 Mining ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.53 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.12 |
Nordic Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Mining's standard deviation. In reality, there are many statistical measures that can use Nordic Mining historical prices to predict the future Nordic Mining's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | 0.0425 | |||
| Treynor Ratio | (0.75) |
Nordic Mining ASA Backtested Returns
Nordic Mining ASA has Sharpe Ratio of -0.0941, which conveys that the firm had a -0.0941 % return per unit of risk over the last 3 months. Nordic Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Mining's Standard Deviation of 2.31, risk adjusted performance of (0.08), and Mean Deviation of 1.62 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nordic Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordic Mining is expected to be smaller as well. At this point, Nordic Mining ASA has a negative expected return of -0.22%. Please make sure to verify Nordic Mining's daily balance of power, and the relationship between the skewness and day typical price , to decide if Nordic Mining ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Nordic Mining ASA has no correlation between past and present. Overlapping area represents the amount of predictability between Nordic Mining time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Nordic Mining ASA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nordic Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Nordic Mining ASA lagged returns against current returns
Autocorrelation, which is Nordic Mining 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 Mining's stock expected returns. We can calculate the autocorrelation of Nordic Mining returns to help us make a trade decision. For example, suppose you find that Nordic Mining 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 Mining 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 Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Mining Lagged Returns
When evaluating Nordic Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Mining stock have on its future price. Nordic Mining 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 Mining autocorrelation shows the relationship between Nordic Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Mining ASA.
Regressed Prices |
| Timeline |
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Nordic Mining 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 Mining security.