Nordea Invest (Denmark) Market Value
| NDI4KL1 Stock | 156.95 0.55 0.35% |
| Symbol | Nordea |
Nordea Invest '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 Nordea Invest'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 Nordea Invest.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Nordea Invest on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Nordea Invest Basis or generate 0.0% return on investment in Nordea Invest over 30 days.
Nordea Invest 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 Nordea Invest'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 Nordea Invest Basis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5191 | |||
| Information Ratio | 0.0279 | |||
| Maximum Drawdown | 3.13 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.8917 |
Nordea Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordea Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordea Invest's standard deviation. In reality, there are many statistical measures that can use Nordea Invest historical prices to predict the future Nordea Invest's volatility.| Risk Adjusted Performance | 0.1099 | |||
| Jensen Alpha | 0.0719 | |||
| Total Risk Alpha | 0.0306 | |||
| Sortino Ratio | 0.0283 | |||
| Treynor Ratio | 9.05 |
Nordea Invest Basis Backtested Returns
At this point, Nordea Invest is very steady. Nordea Invest Basis has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nordea Invest, which you can use to evaluate the volatility of the firm. Please verify Nordea Invest's Risk Adjusted Performance of 0.1099, downside deviation of 0.5191, and Mean Deviation of 0.3638 to check out if the risk estimate we provide is consistent with the expected return of 0.0638%. Nordea Invest has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.008, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nordea Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordea Invest is expected to be smaller as well. Nordea Invest Basis right now secures a risk of 0.52%. Please verify Nordea Invest Basis treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if Nordea Invest Basis will be following its current price movements.
Auto-correlation | -0.61 |
Very good reverse predictability
Nordea Invest Basis has very good reverse predictability. Overlapping area represents the amount of predictability between Nordea Invest time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th of December 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 Nordea Invest Basis price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Nordea Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Nordea Invest Basis lagged returns against current returns
Autocorrelation, which is Nordea Invest 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 Nordea Invest's stock expected returns. We can calculate the autocorrelation of Nordea Invest returns to help us make a trade decision. For example, suppose you find that Nordea Invest 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 |
Nordea Invest 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 Nordea Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordea Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordea Invest stock over time.
Current vs Lagged Prices |
| Timeline |
Nordea Invest Lagged Returns
When evaluating Nordea Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordea Invest stock have on its future price. Nordea Invest 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, Nordea Invest autocorrelation shows the relationship between Nordea Invest stock current value and its past values and can show if there is a momentum factor associated with investing in Nordea Invest Basis.
Regressed Prices |
| Timeline |
Pair Trading with Nordea Invest
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nordea Invest position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nordea Invest will appreciate offsetting losses from the drop in the long position's value.Moving together with Nordea Stock
Moving against Nordea Stock
| 0.81 | VWS | Vestas Wind Systems | PairCorr |
| 0.79 | ORSTED | Orsted AS | PairCorr |
| 0.67 | CARL-B | Carlsberg AS | PairCorr |
| 0.61 | GMAB | Genmab AS | PairCorr |
| 0.41 | NOVO-B | Novo Nordisk AS | PairCorr |
The ability to find closely correlated positions to Nordea Invest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordea Invest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nordea Invest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nordea Invest Basis to buy it.
The correlation of Nordea Invest is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nordea Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordea Invest Basis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nordea Invest can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.