NORANDA INC 62 Market Value
| 655422AV5 | 104.56 1.03 0.99% |
| Symbol | NORANDA |
NORANDA '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 NORANDA's bond 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 NORANDA.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in NORANDA on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding NORANDA INC 62 or generate 0.0% return on investment in NORANDA over 90 days. NORANDA is related to or competes with 00108WAF7, Bayer AG, Sailfish Royalty, GoGold Resources, Mediwound, and Telecom Italia. More
NORANDA 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 NORANDA's bond 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 NORANDA INC 62 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.65 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.46 |
NORANDA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORANDA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORANDA's standard deviation. In reality, there are many statistical measures that can use NORANDA historical prices to predict the future NORANDA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.0175 | |||
| Treynor Ratio | (0.46) |
NORANDA INC 62 Backtested Returns
NORANDA INC 62 has Sharpe Ratio of close to zero, which conveys that the entity had a close to zero % return per unit of standard deviation over the last 3 months. NORANDA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORANDA's Market Risk Adjusted Performance of (0.45), mean deviation of 0.7687, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NORANDA's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORANDA is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
NORANDA INC 62 has modest predictability. Overlapping area represents the amount of predictability between NORANDA time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th 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 NORANDA INC 62 price movement. The serial correlation of 0.52 indicates that about 52.0% of current NORANDA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
NORANDA INC 62 lagged returns against current returns
Autocorrelation, which is NORANDA bond'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 NORANDA's bond expected returns. We can calculate the autocorrelation of NORANDA returns to help us make a trade decision. For example, suppose you find that NORANDA has exhibited high autocorrelation historically, and you observe that the bond 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 |
NORANDA 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 NORANDA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORANDA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORANDA bond over time.
Current vs Lagged Prices |
| Timeline |
NORANDA Lagged Returns
When evaluating NORANDA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORANDA bond have on its future price. NORANDA 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, NORANDA autocorrelation shows the relationship between NORANDA bond current value and its past values and can show if there is a momentum factor associated with investing in NORANDA INC 62.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NORANDA Bond
NORANDA financial ratios help investors to determine whether NORANDA Bond 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 NORANDA with respect to the benefits of owning NORANDA security.