Nordic Waterproofing (Sweden) Market Value
| NWG Stock | SEK 163.60 8.80 5.10% |
| Symbol | Nordic |
Nordic Waterproofing '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 Waterproofing'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 Waterproofing.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Nordic Waterproofing on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Nordic Waterproofing Holding or generate 0.0% return on investment in Nordic Waterproofing over 720 days. Nordic Waterproofing is related to or competes with Inwido AB, Byggmax Group, AQ Group, Garo AB, and Bufab Holding. Nordic Waterproofing Holding AS develops, manufactures, and distributes a range of waterproofing products and solutions ... More
Nordic Waterproofing 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 Waterproofing'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 Waterproofing Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.69 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.77 |
Nordic Waterproofing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Waterproofing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Waterproofing's standard deviation. In reality, there are many statistical measures that can use Nordic Waterproofing historical prices to predict the future Nordic Waterproofing's volatility.| Risk Adjusted Performance | 0.0125 | |||
| Jensen Alpha | 0.0669 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.01) |
Nordic Waterproofing Backtested Returns
Currently, Nordic Waterproofing Holding is very steady. Nordic Waterproofing has Sharpe Ratio of 0.0081, which conveys that the firm had a 0.0081% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nordic Waterproofing, which you can use to evaluate the volatility of the firm. Please verify Nordic Waterproofing's Mean Deviation of 1.09, downside deviation of 1.86, and Risk Adjusted Performance of 0.0125 to check out if the risk estimate we provide is consistent with the expected return of 0.0168%. The company secures a Beta (Market Risk) of -0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nordic Waterproofing are expected to decrease at a much lower rate. During the bear market, Nordic Waterproofing is likely to outperform the market. Nordic Waterproofing right now secures a risk of 2.07%. Please verify Nordic Waterproofing Holding expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Nordic Waterproofing Holding will be following its current price movements.
Auto-correlation | 0.63 |
Good predictability
Nordic Waterproofing Holding has good predictability. Overlapping area represents the amount of predictability between Nordic Waterproofing time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Waterproofing price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Nordic Waterproofing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 20.81 |
Nordic Waterproofing lagged returns against current returns
Autocorrelation, which is Nordic Waterproofing 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 Waterproofing's stock expected returns. We can calculate the autocorrelation of Nordic Waterproofing returns to help us make a trade decision. For example, suppose you find that Nordic Waterproofing 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 Waterproofing 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 Waterproofing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Waterproofing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Waterproofing stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Waterproofing Lagged Returns
When evaluating Nordic Waterproofing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Waterproofing stock have on its future price. Nordic Waterproofing 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 Waterproofing autocorrelation shows the relationship between Nordic Waterproofing stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Waterproofing Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Nordic Stock Analysis
When running Nordic Waterproofing's price analysis, check to measure Nordic Waterproofing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nordic Waterproofing is operating at the current time. Most of Nordic Waterproofing's value examination focuses on studying past and present price action to predict the probability of Nordic Waterproofing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic Waterproofing's price. Additionally, you may evaluate how the addition of Nordic Waterproofing to your portfolios can decrease your overall portfolio volatility.