Nordic Unmanned (Norway) Market Value
| NUMND Stock | NOK 0.77 0.02 2.67% |
| Symbol | Nordic |
Nordic Unmanned '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 Unmanned'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 Unmanned.
| 11/28/2024 |
| 02/26/2025 |
If you would invest 0.00 in Nordic Unmanned on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nordic Unmanned As or generate 0.0% return on investment in Nordic Unmanned over 90 days. Nordic Unmanned is related to or competes with SpareBank, Odfjell Technology, Nordhealth, Nidaros Sparebank, Lery Seafood, Polaris Media, and Norwegian Air. Nordic Unmanned AS provides remotely piloted aircraft system services in Norway and internationally More
Nordic Unmanned 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 Unmanned'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 Unmanned As upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.48 | |||
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 101.8 | |||
| Value At Risk | (12.31) | |||
| Potential Upside | 13.75 |
Nordic Unmanned Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Unmanned's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Unmanned's standard deviation. In reality, there are many statistical measures that can use Nordic Unmanned historical prices to predict the future Nordic Unmanned's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.6134 | |||
| Total Risk Alpha | 0.5177 | |||
| Sortino Ratio | 0.0448 | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nordic Unmanned's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nordic Unmanned As Backtested Returns
Nordic Unmanned appears to be out of control, given 3 months investment horizon. Nordic Unmanned As has Sharpe Ratio of 0.072, which conveys that the firm had a 0.072 % return per unit of risk over the last 3 months. By analyzing Nordic Unmanned's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please exercise Nordic Unmanned's Mean Deviation of 7.01, risk adjusted performance of 0.0432, and Downside Deviation of 13.48 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nordic Unmanned holds a performance score of 5. The company secures a Beta (Market Risk) of -1.03, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Nordic Unmanned are expected to decrease slowly. On the other hand, during market turmoil, Nordic Unmanned is expected to outperform it slightly. Please check Nordic Unmanned's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Nordic Unmanned's current price movements will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
Nordic Unmanned As has excellent reverse predictability. Overlapping area represents the amount of predictability between Nordic Unmanned time series from 28th of November 2024 to 12th of January 2025 and 12th of January 2025 to 26th of February 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 Nordic Unmanned As price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Nordic Unmanned price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nordic Unmanned As lagged returns against current returns
Autocorrelation, which is Nordic Unmanned 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 Unmanned's stock expected returns. We can calculate the autocorrelation of Nordic Unmanned returns to help us make a trade decision. For example, suppose you find that Nordic Unmanned 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 Unmanned 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 Unmanned stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Unmanned stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Unmanned stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Unmanned Lagged Returns
When evaluating Nordic Unmanned's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Unmanned stock have on its future price. Nordic Unmanned 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 Unmanned autocorrelation shows the relationship between Nordic Unmanned stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Unmanned As.
Regressed Prices |
| Timeline |
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Nordic Unmanned 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 Unmanned security.