Norwegian Cruise (Brazil) Market Value
| N1CL34 Stock | BRL 160.00 0.80 0.50% |
| Symbol | Norwegian |
Norwegian Cruise '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 Norwegian Cruise'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 Norwegian Cruise.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Norwegian Cruise on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Norwegian Cruise Line or generate 0.0% return on investment in Norwegian Cruise over 90 days. Norwegian Cruise is related to or competes with Royal Caribbean, Carnival Plc, and CVC Brasil. Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in the North America, ... More
Norwegian Cruise 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 Norwegian Cruise'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 Norwegian Cruise Line upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | 0.2237 | |||
| Maximum Drawdown | 17.0 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 5.66 |
Norwegian Cruise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norwegian Cruise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norwegian Cruise's standard deviation. In reality, there are many statistical measures that can use Norwegian Cruise historical prices to predict the future Norwegian Cruise's volatility.| Risk Adjusted Performance | 0.217 | |||
| Jensen Alpha | 0.7209 | |||
| Total Risk Alpha | 0.2813 | |||
| Sortino Ratio | 0.2488 | |||
| Treynor Ratio | 7.57 |
Norwegian Cruise Line Backtested Returns
Norwegian Cruise appears to be very steady, given 3 months investment horizon. Norwegian Cruise Line has Sharpe Ratio of 0.27, which conveys that the firm had a 0.27% return per unit of risk over the last 3 months. By analyzing Norwegian Cruise's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please exercise Norwegian Cruise's Mean Deviation of 1.61, downside deviation of 2.43, and Risk Adjusted Performance of 0.217 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Norwegian Cruise holds a performance score of 21. The company secures a Beta (Market Risk) of 0.0968, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Norwegian Cruise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Norwegian Cruise is expected to be smaller as well. Please check Norwegian Cruise's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Norwegian Cruise's current price movements will revert.
Auto-correlation | 0.83 |
Very good predictability
Norwegian Cruise Line has very good predictability. Overlapping area represents the amount of predictability between Norwegian Cruise time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Norwegian Cruise Line price movement. The serial correlation of 0.83 indicates that around 83.0% of current Norwegian Cruise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 99.92 |
Norwegian Cruise Line lagged returns against current returns
Autocorrelation, which is Norwegian Cruise 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 Norwegian Cruise's stock expected returns. We can calculate the autocorrelation of Norwegian Cruise returns to help us make a trade decision. For example, suppose you find that Norwegian Cruise 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 |
Norwegian Cruise 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 Norwegian Cruise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norwegian Cruise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norwegian Cruise stock over time.
Current vs Lagged Prices |
| Timeline |
Norwegian Cruise Lagged Returns
When evaluating Norwegian Cruise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norwegian Cruise stock have on its future price. Norwegian Cruise 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, Norwegian Cruise autocorrelation shows the relationship between Norwegian Cruise stock current value and its past values and can show if there is a momentum factor associated with investing in Norwegian Cruise Line.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Norwegian Stock
When determining whether Norwegian Cruise Line offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Norwegian Cruise's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Norwegian Cruise Line Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Norwegian Cruise Line Stock:Check out Norwegian Cruise Correlation, Norwegian Cruise Volatility and Norwegian Cruise Alpha and Beta module to complement your research on Norwegian Cruise. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Norwegian Cruise technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.