Nordinvestments (Denmark) Market Value
| NORD Stock | 1.23 0.00 0.00% |
| Symbol | Nordinvestments |
Nordinvestments '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 Nordinvestments' 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 Nordinvestments.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Nordinvestments on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Nordinvestments AS or generate 0.0% return on investment in Nordinvestments over 720 days. Nordinvestments is related to or competes with MapsPeople, Dataproces Group, Bavarian Nordic, LUXOR-B, CBrain AS, Fast Ejendom, and PF Atlantic. More
Nordinvestments 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 Nordinvestments' 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 Nordinvestments AS upside and downside potential and time the market with a certain degree of confidence.
Nordinvestments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordinvestments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordinvestments' standard deviation. In reality, there are many statistical measures that can use Nordinvestments historical prices to predict the future Nordinvestments' volatility.Nordinvestments AS Backtested Returns
We have found three technical indicators for Nordinvestments, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Nordinvestments are completely uncorrelated.
Auto-correlation | 0.21 |
Weak predictability
Nordinvestments AS has weak predictability. Overlapping area represents the amount of predictability between Nordinvestments time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 Nordinvestments AS price movement. The serial correlation of 0.21 indicates that over 21.0% of current Nordinvestments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nordinvestments AS lagged returns against current returns
Autocorrelation, which is Nordinvestments 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 Nordinvestments' stock expected returns. We can calculate the autocorrelation of Nordinvestments returns to help us make a trade decision. For example, suppose you find that Nordinvestments 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 |
Nordinvestments 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 Nordinvestments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordinvestments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordinvestments stock over time.
Current vs Lagged Prices |
| Timeline |
Nordinvestments Lagged Returns
When evaluating Nordinvestments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordinvestments stock have on its future price. Nordinvestments 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, Nordinvestments autocorrelation shows the relationship between Nordinvestments stock current value and its past values and can show if there is a momentum factor associated with investing in Nordinvestments AS.
Regressed Prices |
| Timeline |
Pair Trading with Nordinvestments
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 Nordinvestments 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 Nordinvestments will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nordinvestments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordinvestments 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 Nordinvestments - 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 Nordinvestments AS to buy it.
The correlation of Nordinvestments 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 Nordinvestments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordinvestments 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 Nordinvestments 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 Nordinvestments Stock
Nordinvestments financial ratios help investors to determine whether Nordinvestments 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 Nordinvestments with respect to the benefits of owning Nordinvestments security.