NN Group (Germany) Market Value
| 2NN Stock | EUR 43.87 0.19 0.43% |
| Symbol | 2NN |
NN Group '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 NN Group'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 NN Group.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in NN Group on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding NN Group NV or generate 0.0% return on investment in NN Group over 30 days. NN Group is related to or competes with Goodyear Tire, Bank of America, NAKED WINES, Martin Marietta, Iridium Communications, ITALIAN WINE, and Sumitomo Rubber. NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands, rest of Euro... More
NN Group 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 NN Group'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 NN Group NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.31 |
NN Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NN Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NN Group's standard deviation. In reality, there are many statistical measures that can use NN Group historical prices to predict the future NN Group's volatility.| Risk Adjusted Performance | 0.0402 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1038 |
NN Group NV Backtested Returns
At this point, NN Group is very steady. NN Group NV retains Efficiency (Sharpe Ratio) of 0.0099, which conveys that the firm had a 0.0099% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for NN Group, which you can use to evaluate the volatility of the firm. Please verify NN Group's Standard Deviation of 0.9803, market risk adjusted performance of 0.1138, and Mean Deviation of 0.7454 to check out if the risk estimate we provide is consistent with the expected return of 0.0092%. The company owns a Beta (Systematic Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NN Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding NN Group is expected to be smaller as well. NN Group NV today owns a risk of 0.93%. Please verify NN Group NV market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if NN Group NV will be following its current price history.
Auto-correlation | 0.32 |
Below average predictability
NN Group NV has below average predictability. Overlapping area represents the amount of predictability between NN Group time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 NN Group NV price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current NN Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
NN Group NV lagged returns against current returns
Autocorrelation, which is NN Group 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 NN Group's stock expected returns. We can calculate the autocorrelation of NN Group returns to help us make a trade decision. For example, suppose you find that NN Group 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 |
NN Group 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 NN Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NN Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NN Group stock over time.
Current vs Lagged Prices |
| Timeline |
NN Group Lagged Returns
When evaluating NN Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NN Group stock have on its future price. NN Group 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, NN Group autocorrelation shows the relationship between NN Group stock current value and its past values and can show if there is a momentum factor associated with investing in NN Group NV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 2NN Stock
NN Group financial ratios help investors to determine whether 2NN 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 2NN with respect to the benefits of owning NN Group security.