Northern Data (Germany) Market Value
| NB2 Stock | EUR 34.95 0.55 1.60% |
| Symbol | Northern |
Please note, there is a significant difference between Northern Data's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Data is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Data's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Northern Data '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 Northern Data'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 Northern Data.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Northern Data on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Northern Data AG or generate 0.0% return on investment in Northern Data over 720 days. Northern Data is related to or competes with SWISS WATER, ANTA SPORTS, Fukuyama Transporting, Fevertree Drinks, NTG Nordic, Transport International, and Thai Beverage. More
Northern Data 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 Northern Data'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 Northern Data AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.28 | |||
| Information Ratio | 0.0999 | |||
| Maximum Drawdown | 18.49 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 7.68 |
Northern Data Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Data's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Data's standard deviation. In reality, there are many statistical measures that can use Northern Data historical prices to predict the future Northern Data's volatility.| Risk Adjusted Performance | 0.1116 | |||
| Jensen Alpha | 0.4066 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1127 | |||
| Treynor Ratio | 0.7051 |
Northern Data AG Backtested Returns
Northern Data appears to be not too volatile, given 3 months investment horizon. Northern Data AG has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Northern Data, which you can use to evaluate the volatility of the firm. Please exercise Northern Data's Downside Deviation of 3.28, risk adjusted performance of 0.1116, and Mean Deviation of 2.58 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northern Data holds a performance score of 8. The company secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Data's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Data is expected to be smaller as well. Please check Northern Data'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 Northern Data's current price movements will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Northern Data AG has very weak reverse predictability. Overlapping area represents the amount of predictability between Northern Data time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Northern Data AG price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Northern Data price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 11.18 |
Northern Data AG lagged returns against current returns
Autocorrelation, which is Northern Data 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 Northern Data's stock expected returns. We can calculate the autocorrelation of Northern Data returns to help us make a trade decision. For example, suppose you find that Northern Data 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 |
Northern Data 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 Northern Data stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Data stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Data stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Data Lagged Returns
When evaluating Northern Data's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Data stock have on its future price. Northern Data 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, Northern Data autocorrelation shows the relationship between Northern Data stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Data AG.
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.Other Information on Investing in Northern Stock
Northern Data financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern Data security.