Norcod As (Norway) Market Value
| NCOD Stock | NOK 13.00 0.35 2.62% |
| Symbol | Norcod |
Norcod As '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 Norcod As' 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 Norcod As.
| 12/15/2025 |
| 01/14/2026 |
If you would invest 0.00 in Norcod As on December 15, 2025 and sell it all today you would earn a total of 0.00 from holding Norcod As or generate 0.0% return on investment in Norcod As over 30 days. Norcod As is related to or competes with Nordic Halibut, Arctic Fish, Lumi Gruppen, Atlantic Sapphire, Gigante Salmon, Salmon Evolution, and Icelandic Salmon. The company was incorporated in 2018 and is headquartered in Trondheim, Norway More
Norcod As 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 Norcod As' 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 Norcod As upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 37.52 | |||
| Value At Risk | (7.06) | |||
| Potential Upside | 5.79 |
Norcod As Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norcod As' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norcod As' standard deviation. In reality, there are many statistical measures that can use Norcod As historical prices to predict the future Norcod As' volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | 0.0369 | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.0501 |
Norcod As Backtested Returns
Norcod As has Sharpe Ratio of -0.0608, which conveys that the firm had a -0.0608 % return per unit of risk over the last 3 months. Norcod As exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Norcod As' Standard Deviation of 4.91, mean deviation of 3.41, and Risk Adjusted Performance of 0.0014 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.13, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Norcod As are expected to decrease slowly. On the other hand, during market turmoil, Norcod As is expected to outperform it slightly. At this point, Norcod As has a negative expected return of -0.22%. Please make sure to verify Norcod As' skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Norcod As performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Norcod As has weak reverse predictability. Overlapping area represents the amount of predictability between Norcod As time series from 15th of December 2025 to 30th of December 2025 and 30th of December 2025 to 14th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Norcod As price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Norcod As price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Norcod As lagged returns against current returns
Autocorrelation, which is Norcod As 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 Norcod As' stock expected returns. We can calculate the autocorrelation of Norcod As returns to help us make a trade decision. For example, suppose you find that Norcod As 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 |
Norcod As 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 Norcod As stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norcod As stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norcod As stock over time.
Current vs Lagged Prices |
| Timeline |
Norcod As Lagged Returns
When evaluating Norcod As' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norcod As stock have on its future price. Norcod As 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, Norcod As autocorrelation shows the relationship between Norcod As stock current value and its past values and can show if there is a momentum factor associated with investing in Norcod As.
Regressed Prices |
| Timeline |
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Try AI Portfolio ProphetOther Information on Investing in Norcod Stock
Norcod As financial ratios help investors to determine whether Norcod 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 Norcod with respect to the benefits of owning Norcod As security.