Norske Skog (Norway) Market Value
| NSKOG Stock | NOK 24.48 0.30 1.24% |
| Symbol | Norske |
Norske Skog '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 Norske Skog'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 Norske Skog.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Norske Skog on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Norske Skog Asa or generate 0.0% return on investment in Norske Skog over 90 days. Norske Skog is related to or competes with Sparebank, Tysnes Sparebank, Odfjell Technology, Helgeland Sparebank, Romerike Sparebank, Techstep ASA, and Nidaros Sparebank. Norske Skog ASA produces and sells newsprint and magazine paper primarily in Europe and Australasia More
Norske Skog 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 Norske Skog'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 Norske Skog Asa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.08 | |||
| Information Ratio | 0.0535 | |||
| Maximum Drawdown | 39.17 | |||
| Value At Risk | (6.50) | |||
| Potential Upside | 6.18 |
Norske Skog Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norske Skog's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norske Skog's standard deviation. In reality, there are many statistical measures that can use Norske Skog historical prices to predict the future Norske Skog's volatility.| Risk Adjusted Performance | 0.0409 | |||
| Jensen Alpha | 0.2155 | |||
| Total Risk Alpha | 0.6909 | |||
| Sortino Ratio | 0.0653 | |||
| Treynor Ratio | 0.3975 |
Norske Skog Asa Backtested Returns
Norske Skog appears to be not too volatile, given 3 months investment horizon. Norske Skog Asa has Sharpe Ratio of 0.0495, which conveys that the firm had a 0.0495 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Norske Skog, which you can use to evaluate the volatility of the firm. Please exercise Norske Skog's Mean Deviation of 2.84, risk adjusted performance of 0.0409, and Downside Deviation of 4.08 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Norske Skog holds a performance score of 3. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Norske Skog's returns are expected to increase less than the market. However, during the bear market, the loss of holding Norske Skog is expected to be smaller as well. Please check Norske Skog's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Norske Skog's current price movements will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Norske Skog Asa has very good reverse predictability. Overlapping area represents the amount of predictability between Norske Skog time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Norske Skog Asa price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Norske Skog price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 2.84 |
Norske Skog Asa lagged returns against current returns
Autocorrelation, which is Norske Skog 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 Norske Skog's stock expected returns. We can calculate the autocorrelation of Norske Skog returns to help us make a trade decision. For example, suppose you find that Norske Skog 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 |
Norske Skog 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 Norske Skog stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norske Skog stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norske Skog stock over time.
Current vs Lagged Prices |
| Timeline |
Norske Skog Lagged Returns
When evaluating Norske Skog's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norske Skog stock have on its future price. Norske Skog 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, Norske Skog autocorrelation shows the relationship between Norske Skog stock current value and its past values and can show if there is a momentum factor associated with investing in Norske Skog Asa.
Regressed Prices |
| Timeline |
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Norske Skog financial ratios help investors to determine whether Norske 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 Norske with respect to the benefits of owning Norske Skog security.