Nordnet One (Ireland) Market Value
| 0P0001PDI0 | 136.73 0.90 0.65% |
| Symbol | Nordnet |
Nordnet One '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 Nordnet One's fund 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 Nordnet One.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Nordnet One on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nordnet One Balansert or generate 0.0% return on investment in Nordnet One over 30 days.
Nordnet One 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 Nordnet One's fund 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 Nordnet One Balansert upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3522 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.03 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.7509 |
Nordnet One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordnet One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordnet One's standard deviation. In reality, there are many statistical measures that can use Nordnet One historical prices to predict the future Nordnet One's volatility.| Risk Adjusted Performance | 0.0734 | |||
| Jensen Alpha | 0.0566 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.20) |
Nordnet One Balansert Backtested Returns
Currently, Nordnet One Balansert is out of control. Nordnet One Balansert has Sharpe Ratio of 0.0947, which conveys that the entity had a 0.0947% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nordnet One, which you can use to evaluate the volatility of the fund. Please verify Nordnet One's Mean Deviation of 0.3191, risk adjusted performance of 0.0734, and Downside Deviation of 0.3522 to check out if the risk estimate we provide is consistent with the expected return of 0.0398%. The fund secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordnet One are expected to decrease at a much lower rate. During the bear market, Nordnet One is likely to outperform the market.
Auto-correlation | 0.88 |
Very good predictability
Nordnet One Balansert has very good predictability. Overlapping area represents the amount of predictability between Nordnet One time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Nordnet One Balansert price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Nordnet One price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Nordnet One Balansert lagged returns against current returns
Autocorrelation, which is Nordnet One fund'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 Nordnet One's fund expected returns. We can calculate the autocorrelation of Nordnet One returns to help us make a trade decision. For example, suppose you find that Nordnet One has exhibited high autocorrelation historically, and you observe that the fund 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 |
Nordnet One 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 Nordnet One fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordnet One fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordnet One fund over time.
Current vs Lagged Prices |
| Timeline |
Nordnet One Lagged Returns
When evaluating Nordnet One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordnet One fund have on its future price. Nordnet One 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, Nordnet One autocorrelation shows the relationship between Nordnet One fund current value and its past values and can show if there is a momentum factor associated with investing in Nordnet One Balansert.
Regressed Prices |
| Timeline |
Pair Trading with Nordnet One
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nordnet One position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nordnet One will appreciate offsetting losses from the drop in the long position's value.Moving together with Nordnet Fund
| 0.85 | IE00B065CV35 | Franklin Floating Rate | PairCorr |
| 0.86 | IE0032578035 | Franklin Floating Rate | PairCorr |
| 0.85 | IE00B000C709 | Franklin Floating Rate | PairCorr |
The ability to find closely correlated positions to Nordnet One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordnet One when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nordnet One - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nordnet One Balansert to buy it.
The correlation of Nordnet One is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nordnet One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordnet One Balansert moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nordnet One can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
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