NORFOLK SOUTHN P Market Value

655844CA4   97.87  1.70  1.71%   
NORFOLK's market value is the price at which a share of NORFOLK trades on an exchange. It measures the collective expectations of NORFOLK SOUTHN P investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of NORFOLK SOUTHN P and determine expected loss or profit from investing in NORFOLK over a given investment horizon.
Check out NORFOLK Correlation, NORFOLK Volatility and NORFOLK Alpha and Beta module to complement your research on NORFOLK.
Symbol

Please note, there is a significant difference between NORFOLK's value and its price as these two are different measures arrived at by different means. Investors typically determine if NORFOLK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NORFOLK's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

NORFOLK '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 NORFOLK'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 NORFOLK.
0.00
08/01/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/23/2024
0.00
If you would invest  0.00  in NORFOLK on August 1, 2023 and sell it all today you would earn a total of 0.00 from holding NORFOLK SOUTHN P or generate 0.0% return on investment in NORFOLK over 510 days. NORFOLK is related to or competes with 00108WAF7, 90331HPL1, Brightsphere Investment, Neurocrine Biosciences, Alphabet, Saipem SpA, and Bristol Myers. More

NORFOLK 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 NORFOLK'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 NORFOLK SOUTHN P upside and downside potential and time the market with a certain degree of confidence.

NORFOLK Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NORFOLK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORFOLK's standard deviation. In reality, there are many statistical measures that can use NORFOLK historical prices to predict the future NORFOLK's volatility.
Hype
Prediction
LowEstimatedHigh
97.6297.8798.12
Details
Intrinsic
Valuation
LowRealHigh
90.8991.14107.66
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NORFOLK. Your research has to be compared to or analyzed against NORFOLK's peers to derive any actionable benefits. When done correctly, NORFOLK's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NORFOLK SOUTHN P.

NORFOLK SOUTHN P Backtested Returns

NORFOLK SOUTHN P has Sharpe Ratio of -0.0981, which conveys that the entity had a -0.0981% return per unit of standard deviation over the last 3 months. NORFOLK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORFOLK's Risk Adjusted Performance of (0.05), mean deviation of 0.217, and Market Risk Adjusted Performance of 0.8201 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.0374, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NORFOLK are expected to decrease at a much lower rate. During the bear market, NORFOLK is likely to outperform the market.

Auto-correlation

    
  0.87  

Very good predictability

NORFOLK SOUTHN P has very good predictability. Overlapping area represents the amount of predictability between NORFOLK time series from 1st of August 2023 to 12th of April 2024 and 12th of April 2024 to 23rd 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 NORFOLK SOUTHN P price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current NORFOLK price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.8
Residual Average0.0
Price Variance0.27

NORFOLK SOUTHN P lagged returns against current returns

Autocorrelation, which is NORFOLK 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 NORFOLK's bond expected returns. We can calculate the autocorrelation of NORFOLK returns to help us make a trade decision. For example, suppose you find that NORFOLK 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  

NORFOLK 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 NORFOLK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORFOLK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORFOLK bond over time.
   Current vs Lagged Prices   
       Timeline  

NORFOLK Lagged Returns

When evaluating NORFOLK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORFOLK bond have on its future price. NORFOLK 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, NORFOLK autocorrelation shows the relationship between NORFOLK bond current value and its past values and can show if there is a momentum factor associated with investing in NORFOLK SOUTHN P.
   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 NORFOLK Bond

NORFOLK financial ratios help investors to determine whether NORFOLK 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 NORFOLK with respect to the benefits of owning NORFOLK security.