NAXS Nordic (Sweden) Market Value
| NAXS Stock | SEK 51.80 0.40 0.78% |
| Symbol | NAXS |
NAXS Nordic '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 NAXS Nordic'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 NAXS Nordic.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in NAXS Nordic on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding NAXS Nordic Access or generate 0.0% return on investment in NAXS Nordic over 180 days. NAXS Nordic is related to or competes with AB Traction, Havsfrun Investment, Novotek AB, and Investment. NAXS AB is an investment firm specializing in fund of funds and secondary indirect investments More
NAXS Nordic 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 NAXS Nordic'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 NAXS Nordic Access upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 6.6 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.36 |
NAXS Nordic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NAXS Nordic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NAXS Nordic's standard deviation. In reality, there are many statistical measures that can use NAXS Nordic historical prices to predict the future NAXS Nordic's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.74) |
NAXS Nordic Access Backtested Returns
NAXS Nordic Access has Sharpe Ratio of -0.18, which conveys that the company had a -0.18% return per unit of standard deviation over the last 3 months. NAXS Nordic exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NAXS Nordic's mean deviation of 0.7731, and Standard Deviation of 1.04 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NAXS Nordic's returns are expected to increase less than the market. However, during the bear market, the loss of holding NAXS Nordic is expected to be smaller as well. At this point, NAXS Nordic Access has a negative expected return of -0.19%. Please make sure to verify NAXS Nordic's skewness, accumulation distribution, rate of daily change, as well as the relationship between the kurtosis and daily balance of power , to decide if NAXS Nordic Access performance from the past will be repeated at future time.
Auto-correlation | 0.62 |
Good predictability
NAXS Nordic Access has good predictability. Overlapping area represents the amount of predictability between NAXS Nordic time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 NAXS Nordic Access price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current NAXS Nordic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 9.38 |
NAXS Nordic Access lagged returns against current returns
Autocorrelation, which is NAXS Nordic 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 NAXS Nordic's stock expected returns. We can calculate the autocorrelation of NAXS Nordic returns to help us make a trade decision. For example, suppose you find that NAXS Nordic 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 |
NAXS Nordic 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 NAXS Nordic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NAXS Nordic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NAXS Nordic stock over time.
Current vs Lagged Prices |
| Timeline |
NAXS Nordic Lagged Returns
When evaluating NAXS Nordic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NAXS Nordic stock have on its future price. NAXS Nordic 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, NAXS Nordic autocorrelation shows the relationship between NAXS Nordic stock current value and its past values and can show if there is a momentum factor associated with investing in NAXS Nordic Access.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NAXS Stock Analysis
When running NAXS Nordic's price analysis, check to measure NAXS Nordic'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 NAXS Nordic is operating at the current time. Most of NAXS Nordic's value examination focuses on studying past and present price action to predict the probability of NAXS Nordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NAXS Nordic's price. Additionally, you may evaluate how the addition of NAXS Nordic to your portfolios can decrease your overall portfolio volatility.