NORW CRS (Germany) Market Value
| 1NC Stock | EUR 25.41 0.45 1.74% |
| Symbol | NORW |
NORW CRS '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 NORW CRS'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 NORW CRS.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in NORW CRS on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding NORW CRS LINE or generate 0.0% return on investment in NORW CRS over 30 days. NORW CRS is related to or competes with Chiba Bank, Heartland Financial, Webster Financial, Regions Financial, GREENX METALS, and TFS FINANCIAL. More
NORW CRS 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 NORW CRS'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 NORW CRS LINE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.1968 | |||
| Maximum Drawdown | 17.91 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 5.01 |
NORW CRS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORW CRS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORW CRS's standard deviation. In reality, there are many statistical measures that can use NORW CRS historical prices to predict the future NORW CRS's volatility.| Risk Adjusted Performance | 0.1926 | |||
| Jensen Alpha | 0.5908 | |||
| Total Risk Alpha | 0.2184 | |||
| Sortino Ratio | 0.2989 | |||
| Treynor Ratio | 0.6884 |
NORW CRS LINE Backtested Returns
NORW CRS appears to be not too volatile, given 3 months investment horizon. NORW CRS LINE has Sharpe Ratio of 0.24, which conveys that the firm had a 0.24% return per unit of standard deviation over the last 3 months. By inspecting NORW CRS's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise NORW CRS's Mean Deviation of 1.99, market risk adjusted performance of 0.6984, and Risk Adjusted Performance of 0.1926 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NORW CRS holds a performance score of 19. The company secures a Beta (Market Risk) of 1.05, which conveys a somewhat significant risk relative to the market. NORW CRS returns are very sensitive to returns on the market. As the market goes up or down, NORW CRS is expected to follow. Please check NORW CRS's treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to make a quick decision on whether NORW CRS's current price movements will revert.
Auto-correlation | 0.60 |
Good predictability
NORW CRS LINE has good predictability. Overlapping area represents the amount of predictability between NORW CRS 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 NORW CRS LINE price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current NORW CRS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
NORW CRS LINE lagged returns against current returns
Autocorrelation, which is NORW CRS 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 NORW CRS's stock expected returns. We can calculate the autocorrelation of NORW CRS returns to help us make a trade decision. For example, suppose you find that NORW CRS 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 |
NORW CRS 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 NORW CRS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORW CRS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORW CRS stock over time.
Current vs Lagged Prices |
| Timeline |
NORW CRS Lagged Returns
When evaluating NORW CRS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORW CRS stock have on its future price. NORW CRS 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, NORW CRS autocorrelation shows the relationship between NORW CRS stock current value and its past values and can show if there is a momentum factor associated with investing in NORW CRS LINE.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for NORW Stock Analysis
When running NORW CRS's price analysis, check to measure NORW CRS'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 NORW CRS is operating at the current time. Most of NORW CRS's value examination focuses on studying past and present price action to predict the probability of NORW CRS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NORW CRS's price. Additionally, you may evaluate how the addition of NORW CRS to your portfolios can decrease your overall portfolio volatility.