NTG Nordic (Denmark) Market Value
| NTG Stock | DKK 261.50 8.50 3.36% |
| 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.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in NTG Nordic on December 15, 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 CBrain AS, Netcompany Group, ChemoMetec, NKT AS, and DSV Panalpina. 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 | 0.0057 | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.77 |
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 | (0.04) | |||
| Total Risk Alpha | 0.1135 | |||
| Treynor Ratio | (0.20) |
NTG Nordic Transport Backtested Returns
As of now, NTG Stock is very steady. NTG Nordic Transport has Sharpe Ratio of 0.0102, which conveys that the firm had a 0.0102 % 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 risk adjusted performance of (0.04), and Mean Deviation of 1.31 to check out if the risk estimate we provide is consistent with the expected return of 0.0174%. The company secures a Beta (Market Risk) of 0.5, 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 | -0.69 |
Very good reverse predictability
NTG Nordic Transport has very good reverse predictability. Overlapping area represents the amount of predictability between NTG Nordic time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 -0.69 indicates that around 69.0% of current NTG Nordic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 40.52 |
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 |
Pair Trading with NTG Nordic
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 NTG Nordic 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 NTG Nordic will appreciate offsetting losses from the drop in the long position's value.Moving together with NTG Stock
Moving against NTG Stock
The ability to find closely correlated positions to NTG Nordic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NTG Nordic 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 NTG Nordic - 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 NTG Nordic Transport to buy it.
The correlation of NTG Nordic 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 NTG Nordic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NTG Nordic Transport 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 NTG Nordic 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 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.