NTG Nordic (Germany) Market Value
| NRSA Stock | EUR 34.85 1.10 3.26% |
| Symbol | NTG |
NTG Nordic '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 NTG Nordic'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 NTG Nordic.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in NTG Nordic on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding NTG Nordic Transport or generate 0.0% return on investment in NTG Nordic over 90 days. NTG Nordic is related to or competes with Magnachip Semiconductor, TOREX SEMICONDUCTOR, Mobilezone Holding, Cairo Communication, Scandinavian Tobacco, T MOBILE, and Hua Hong. NTG Nordic Transport Group AS, through its subsidiaries, provides cargo transportation services through truck, ship, and... More
NTG Nordic 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 NTG Nordic'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 NTG Nordic Transport upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0013 | |||
| Maximum Drawdown | 6.79 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.36 |
NTG Nordic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NTG Nordic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NTG Nordic's standard deviation. In reality, there are many statistical measures that can use NTG Nordic historical prices to predict the future NTG Nordic's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.1051 | |||
| Treynor Ratio | (0.25) |
NTG Nordic Transport Backtested Returns
At this point, NTG Nordic is very steady. NTG Nordic Transport has Sharpe Ratio of 0.0126, which conveys that the firm had a 0.0126 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for NTG Nordic, which you can use to evaluate the volatility of the firm. Please verify NTG Nordic's mean deviation of 1.29, and Risk Adjusted Performance of (0.04) to check out if the risk estimate we provide is consistent with the expected return of 0.0215%. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NTG Nordic's returns are expected to increase less than the market. However, during the bear market, the loss of holding NTG Nordic is expected to be smaller as well. NTG Nordic Transport currently secures a risk of 1.7%. Please verify NTG Nordic Transport standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if NTG Nordic Transport will be following its current price movements.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
NTG Nordic Transport has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NTG Nordic 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 NTG Nordic Transport price movement. The serial correlation of -0.74 indicates that around 74.0% of current NTG Nordic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
NTG Nordic Transport lagged returns against current returns
Autocorrelation, which is NTG Nordic 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 NTG Nordic's stock expected returns. We can calculate the autocorrelation of NTG Nordic returns to help us make a trade decision. For example, suppose you find that NTG Nordic 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 |
NTG Nordic 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 NTG Nordic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NTG Nordic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NTG Nordic stock over time.
Current vs Lagged Prices |
| Timeline |
NTG Nordic Lagged Returns
When evaluating NTG Nordic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NTG Nordic stock have on its future price. NTG Nordic 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, NTG Nordic autocorrelation shows the relationship between NTG Nordic stock current value and its past values and can show if there is a momentum factor associated with investing in NTG Nordic Transport.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NTG Stock
NTG Nordic financial ratios help investors to determine whether NTG 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 NTG with respect to the benefits of owning NTG Nordic security.