Nordic Asia (Sweden) Market Value
| NAIG-B Stock | 2.81 0.03 1.06% |
| Symbol | Nordic |
Nordic Asia '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 Nordic Asia'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 Nordic Asia.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Nordic Asia on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nordic Asia Investment or generate 0.0% return on investment in Nordic Asia over 30 days. Nordic Asia is related to or competes with Investor, Industrivarden, Tele2 AB, and Boliden AB. More
Nordic Asia 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 Nordic Asia'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 Nordic Asia Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.28 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 4.73 |
Nordic Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Asia's standard deviation. In reality, there are many statistical measures that can use Nordic Asia historical prices to predict the future Nordic Asia's volatility.| Risk Adjusted Performance | 0.0177 | |||
| Jensen Alpha | 0.0407 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.39) |
Nordic Asia Investment Backtested Returns
At this point, Nordic Asia is unstable. Nordic Asia Investment has Sharpe Ratio of 0.0081, which conveys that the firm had a 0.0081% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nordic Asia, which you can use to evaluate the volatility of the firm. Please verify Nordic Asia's Mean Deviation of 2.18, downside deviation of 3.24, and Risk Adjusted Performance of 0.0177 to check out if the risk estimate we provide is consistent with the expected return of 0.025%. The company secures a Beta (Market Risk) of -0.0784, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordic Asia are expected to decrease at a much lower rate. During the bear market, Nordic Asia is likely to outperform the market. Nordic Asia Investment right now secures a risk of 3.08%. Please verify Nordic Asia Investment maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Nordic Asia Investment will be following its current price movements.
Auto-correlation | 0.45 |
Average predictability
Nordic Asia Investment has average predictability. Overlapping area represents the amount of predictability between Nordic Asia 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 Nordic Asia Investment price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Nordic Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nordic Asia Investment lagged returns against current returns
Autocorrelation, which is Nordic Asia 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 Nordic Asia's stock expected returns. We can calculate the autocorrelation of Nordic Asia returns to help us make a trade decision. For example, suppose you find that Nordic Asia 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 |
Nordic Asia 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 Nordic Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Asia Lagged Returns
When evaluating Nordic Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Asia stock have on its future price. Nordic Asia 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, Nordic Asia autocorrelation shows the relationship between Nordic Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Asia Investment.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nordic Stock
Nordic Asia financial ratios help investors to determine whether Nordic 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 Nordic with respect to the benefits of owning Nordic Asia security.