NCC AB (Sweden) Market Value
| NCC-B Stock | SEK 160.40 2.60 1.65% |
| Symbol | NCC |
NCC AB '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 NCC AB'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 NCC AB.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in NCC AB on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding NCC AB or generate 0.0% return on investment in NCC AB over 90 days. NCC AB is related to or competes with Skanska AB, Peab AB, JM AB, Tele2 AB, and AB SKF. NCC AB operates as a construction and property development company in Sweden, Norway, Denmark, and Finland More
NCC AB 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 NCC AB'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 NCC AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.56 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.95 |
NCC AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NCC AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NCC AB's standard deviation. In reality, there are many statistical measures that can use NCC AB historical prices to predict the future NCC AB's volatility.| Risk Adjusted Performance | 0.0407 | |||
| Jensen Alpha | 0.0167 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1969 |
NCC AB Backtested Returns
Currently, NCC AB is very steady. NCC AB retains Efficiency (Sharpe Ratio) of 0.0744, which conveys that the company had a 0.0744% return per unit of risk over the last 3 months. We have found thirty technical indicators for NCC AB, which you can use to evaluate the volatility of the entity. Please verify NCC AB's Market Risk Adjusted Performance of 0.2069, mean deviation of 0.8676, and Semi Deviation of 0.9943 to check out if the risk estimate we provide is consistent with the expected return of 0.0789%. NCC AB has a performance score of 5 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NCC AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding NCC AB is expected to be smaller as well. NCC AB at this time owns a risk of 1.06%. Please verify NCC AB semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if NCC AB will be following its current price history.
Auto-correlation | -0.31 |
Poor reverse predictability
NCC AB has poor reverse predictability. Overlapping area represents the amount of predictability between NCC AB time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 NCC AB price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current NCC AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 7.81 |
NCC AB lagged returns against current returns
Autocorrelation, which is NCC AB 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 NCC AB's stock expected returns. We can calculate the autocorrelation of NCC AB returns to help us make a trade decision. For example, suppose you find that NCC AB 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 |
NCC AB 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 NCC AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NCC AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NCC AB stock over time.
Current vs Lagged Prices |
| Timeline |
NCC AB Lagged Returns
When evaluating NCC AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NCC AB stock have on its future price. NCC AB 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, NCC AB autocorrelation shows the relationship between NCC AB stock current value and its past values and can show if there is a momentum factor associated with investing in NCC AB.
Regressed Prices |
| Timeline |
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Additional Tools for NCC Stock Analysis
When running NCC AB's price analysis, check to measure NCC AB'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 NCC AB is operating at the current time. Most of NCC AB's value examination focuses on studying past and present price action to predict the probability of NCC AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NCC AB's price. Additionally, you may evaluate how the addition of NCC AB to your portfolios can decrease your overall portfolio volatility.