Nordic Entertainment Group Stock Market Value
| NENTY Stock | USD 0.01 0.00 0.00% |
| Symbol | Nordic |
Nordic Entertainment '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 Nordic Entertainment's pink sheet 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 Nordic Entertainment.
| 01/04/2025 |
| 12/30/2025 |
If you would invest 0.00 in Nordic Entertainment on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding Nordic Entertainment Group or generate 0.0% return on investment in Nordic Entertainment over 360 days. Nordic Entertainment is related to or competes with Nine Entertainment, Atresmedia Corporación, Juventus Football, ProSiebenSat1 Media, StarHub, Atresmedia Corporación, and ProSiebenSat1 Media. Viaplay Group AB operates as an entertainment provider and streaming company in Sweden, Norway, Denmark, Finland, the Un... More
Nordic Entertainment 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 Nordic Entertainment's pink sheet 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 Nordic Entertainment Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 86.13 |
Nordic Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Entertainment's standard deviation. In reality, there are many statistical measures that can use Nordic Entertainment historical prices to predict the future Nordic Entertainment's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.30) | |||
| Total Risk Alpha | (2.45) | |||
| Treynor Ratio | 7.69 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nordic Entertainment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nordic Entertainment Backtested Returns
We have found sixteen technical indicators for Nordic Entertainment, which you can use to evaluate the volatility of the firm. Please verify Nordic Entertainment's Mean Deviation of 2.57, risk adjusted performance of (0.08), and Standard Deviation of 10.6 to check out if the risk estimate we provide is consistent with the expected return of 0.0%. The company secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordic Entertainment are expected to decrease at a much lower rate. During the bear market, Nordic Entertainment is likely to outperform the market. Nordic Entertainment right now secures a risk of 0.0%. Please verify Nordic Entertainment Group risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and day median price , to decide if Nordic Entertainment Group will be following its current price movements.
Auto-correlation | 0.00 |
No correlation between past and present
Nordic Entertainment Group has no correlation between past and present. Overlapping area represents the amount of predictability between Nordic Entertainment time series from 4th of January 2025 to 3rd of July 2025 and 3rd of July 2025 to 30th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nordic Entertainment price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nordic Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nordic Entertainment lagged returns against current returns
Autocorrelation, which is Nordic Entertainment pink sheet'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 Nordic Entertainment's pink sheet expected returns. We can calculate the autocorrelation of Nordic Entertainment returns to help us make a trade decision. For example, suppose you find that Nordic Entertainment has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nordic Entertainment 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 Nordic Entertainment pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Entertainment pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Entertainment pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nordic Entertainment Lagged Returns
When evaluating Nordic Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Entertainment pink sheet have on its future price. Nordic Entertainment 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, Nordic Entertainment autocorrelation shows the relationship between Nordic Entertainment pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nordic Entertainment Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Nordic Pink Sheet Analysis
When running Nordic Entertainment's price analysis, check to measure Nordic Entertainment'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 Nordic Entertainment is operating at the current time. Most of Nordic Entertainment's value examination focuses on studying past and present price action to predict the probability of Nordic Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic Entertainment's price. Additionally, you may evaluate how the addition of Nordic Entertainment to your portfolios can decrease your overall portfolio volatility.