Nordic Technology (Norway) Market Value
| NTG Stock | 2.70 0.00 0.00% |
| Symbol | Nordic |
Nordic Technology '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 Technology'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 Technology.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Nordic Technology on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Nordic Technology Group or generate 0.0% return on investment in Nordic Technology over 720 days. Nordic Technology is related to or competes with Next Biometrics, Elkem ASA, Integrated Wind, Vow ASA, North Energy, Axactor SE, and Arcticzymes Technologies. More
Nordic Technology 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 Technology'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 Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.97 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 0.6494 |
Nordic Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Technology's standard deviation. In reality, there are many statistical measures that can use Nordic Technology historical prices to predict the future Nordic Technology's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 2.05 |
Nordic Technology Backtested Returns
Nordic Technology has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Nordic Technology exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Technology's Standard Deviation of 2.61, risk adjusted performance of (0.11), and Mean Deviation of 1.11 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordic Technology are expected to decrease at a much lower rate. During the bear market, Nordic Technology is likely to outperform the market. At this point, Nordic Technology has a negative expected return of -0.39%. Please make sure to verify Nordic Technology's maximum drawdown, skewness, as well as the relationship between the Skewness and day median price , to decide if Nordic Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Nordic Technology Group has modest predictability. Overlapping area represents the amount of predictability between Nordic Technology time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Nordic Technology price movement. The serial correlation of 0.51 indicates that about 51.0% of current Nordic Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Nordic Technology lagged returns against current returns
Autocorrelation, which is Nordic Technology 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 Technology's stock expected returns. We can calculate the autocorrelation of Nordic Technology returns to help us make a trade decision. For example, suppose you find that Nordic Technology 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 Technology 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 Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Technology Lagged Returns
When evaluating Nordic Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Technology stock have on its future price. Nordic Technology 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 Technology autocorrelation shows the relationship between Nordic Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Technology Group.
Regressed Prices |
| Timeline |
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Nordic Technology 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 Technology security.