Nordic Unmanned (Norway) Market Value
| NUMND Stock | NOK 0.64 0.10 18.52% |
| 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.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nordic Unmanned on June 1, 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 180 days. Nordic Unmanned is related to or competes with Kongsberg Gruppen, Elkem ASA, Integrated Wind, Vow ASA, North Energy, Arcticzymes Technologies, and Eqva ASA. 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.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 101.8 | |||
| Value At Risk | (25.45) | |||
| Potential Upside | 13.04 |
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 | (0.12) | |||
| Jensen Alpha | (2.42) | |||
| Total Risk Alpha | (4.86) | |||
| Treynor Ratio | 2.5 |
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 As has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Nordic Unmanned exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Unmanned's Risk Adjusted Performance of (0.12), standard deviation of 15.44, and Mean Deviation of 9.73 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.01, 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. At this point, Nordic Unmanned As has a negative expected return of -2.47%. Please make sure to verify Nordic Unmanned's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day median price , to decide if Nordic Unmanned As performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Nordic Unmanned As has average predictability. Overlapping area represents the amount of predictability between Nordic Unmanned time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Unmanned As price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Nordic Unmanned price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 4.58 |
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.