NORSKE SKOG (Germany) Market Value
| 0BQ Stock | EUR 1.76 0.01 0.56% |
| Symbol | NORSKE |
NORSKE SKOG '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 NORSKE SKOG'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 NORSKE SKOG.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in NORSKE SKOG on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding NORSKE SKOG AS or generate 0.0% return on investment in NORSKE SKOG over 390 days. NORSKE SKOG is related to or competes with SPORT LISBOA, Pure Storage, Transport International, Cass Information, PUBLIC STORAGE, DOCDATA, and Fukuyama Transporting. Norske Skog ASA produces and sells newsprint and magazine paper primarily in Europe and Australasia More
NORSKE SKOG 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 NORSKE SKOG'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 NORSKE SKOG AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 24.74 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 7.64 |
NORSKE SKOG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORSKE SKOG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORSKE SKOG's standard deviation. In reality, there are many statistical measures that can use NORSKE SKOG historical prices to predict the future NORSKE SKOG's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.23) | |||
| Treynor Ratio | (6.34) |
NORSKE SKOG AS Backtested Returns
NORSKE SKOG AS has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of standard deviation over the last 3 months. NORSKE SKOG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORSKE SKOG's Mean Deviation of 3.09, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of (6.33) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0901, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NORSKE SKOG's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORSKE SKOG is expected to be smaller as well. At this point, NORSKE SKOG AS has a negative expected return of -0.71%. Please make sure to verify NORSKE SKOG's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if NORSKE SKOG AS performance from the past will be repeated at future time.
Auto-correlation | 0.27 |
Poor predictability
NORSKE SKOG AS has poor predictability. Overlapping area represents the amount of predictability between NORSKE SKOG time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 NORSKE SKOG AS price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current NORSKE SKOG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
NORSKE SKOG AS lagged returns against current returns
Autocorrelation, which is NORSKE SKOG 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 NORSKE SKOG's stock expected returns. We can calculate the autocorrelation of NORSKE SKOG returns to help us make a trade decision. For example, suppose you find that NORSKE SKOG 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 |
NORSKE SKOG 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 NORSKE SKOG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORSKE SKOG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORSKE SKOG stock over time.
Current vs Lagged Prices |
| Timeline |
NORSKE SKOG Lagged Returns
When evaluating NORSKE SKOG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORSKE SKOG stock have on its future price. NORSKE SKOG 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, NORSKE SKOG autocorrelation shows the relationship between NORSKE SKOG stock current value and its past values and can show if there is a momentum factor associated with investing in NORSKE SKOG AS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NORSKE Stock
NORSKE SKOG financial ratios help investors to determine whether NORSKE 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 NORSKE with respect to the benefits of owning NORSKE SKOG security.