NORDHEALTH's market value is the price at which a share of NORDHEALTH trades on a public exchange. It measures the collective expectations of NORDHEALTH AS NK investors about its performance. NORDHEALTH is trading at 3.07 as of the 22nd of November 2024. This is a 0.33% up since the beginning of the trading day. The stock's lowest day price was 3.07. With this module, you can estimate the performance of a buy and hold strategy of NORDHEALTH AS NK and determine expected loss or profit from investing in NORDHEALTH over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
NORDHEALTH
NORDHEALTH '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 NORDHEALTH'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 NORDHEALTH.
0.00
10/23/2024
No Change 0.00
0.0
In 31 days
11/22/2024
0.00
If you would invest 0.00 in NORDHEALTH on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding NORDHEALTH AS NK or generate 0.0% return on investment in NORDHEALTH over 30 days.
NORDHEALTH 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 NORDHEALTH'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 NORDHEALTH AS NK upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORDHEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORDHEALTH's standard deviation. In reality, there are many statistical measures that can use NORDHEALTH historical prices to predict the future NORDHEALTH's volatility.
NORDHEALTH appears to be very risky, given 3 months investment horizon. NORDHEALTH AS NK has Sharpe Ratio of 0.05, which conveys that the firm had a 0.05% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for NORDHEALTH, which you can use to evaluate the volatility of the firm. Please exercise NORDHEALTH's Market Risk Adjusted Performance of 0.316, risk adjusted performance of 0.0525, and Mean Deviation of 3.38 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NORDHEALTH holds a performance score of 3. The company secures a Beta (Market Risk) of 0.82, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NORDHEALTH's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORDHEALTH is expected to be smaller as well. Please check NORDHEALTH's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether NORDHEALTH's current price movements will revert.
Auto-correlation
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No correlation between past and present
NORDHEALTH AS NK has no correlation between past and present. Overlapping area represents the amount of predictability between NORDHEALTH time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 NORDHEALTH AS NK price movement. The serial correlation of 0.0 indicates that just 0.0% of current NORDHEALTH price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
-0.03
Residual Average
0.0
Price Variance
0.02
NORDHEALTH AS NK lagged returns against current returns
Autocorrelation, which is NORDHEALTH 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 NORDHEALTH's stock expected returns. We can calculate the autocorrelation of NORDHEALTH returns to help us make a trade decision. For example, suppose you find that NORDHEALTH 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
NORDHEALTH 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 NORDHEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORDHEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORDHEALTH stock over time.
Current vs Lagged Prices
Timeline
NORDHEALTH Lagged Returns
When evaluating NORDHEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORDHEALTH stock have on its future price. NORDHEALTH 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, NORDHEALTH autocorrelation shows the relationship between NORDHEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in NORDHEALTH AS NK.