Nordic Iron (Sweden) Market Value
| NIO Stock | SEK 5.00 0.02 0.40% |
| Symbol | Nordic |
Nordic Iron '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 Iron'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 Nordic Iron.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Nordic Iron on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Nordic Iron Ore or generate 0.0% return on investment in Nordic Iron over 720 days. Nordic Iron is related to or competes with Leading Edge, Alzinova, SaltX Technology, KABE Group, IAR Systems, Mekonomen, and Norva24 Group. Nordic Iron Ore AB engages in the exploration, development, and mining of iron-ore deposits in Vsterbergslagen, Sweden More
Nordic Iron 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 Iron'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 Nordic Iron Ore upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.0233 | |||
| Maximum Drawdown | 25.71 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 6.14 |
Nordic Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Iron's standard deviation. In reality, there are many statistical measures that can use Nordic Iron historical prices to predict the future Nordic Iron's volatility.| Risk Adjusted Performance | 0.0528 | |||
| Jensen Alpha | 0.2696 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0345 | |||
| Treynor Ratio | (0.39) |
Nordic Iron Ore Backtested Returns
Nordic Iron appears to be relatively risky, given 3 months investment horizon. Nordic Iron Ore has Sharpe Ratio of 0.0669, which conveys that the firm had a 0.0669% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nordic Iron, which you can use to evaluate the volatility of the firm. Please exercise Nordic Iron's Mean Deviation of 2.33, risk adjusted performance of 0.0528, and Downside Deviation of 2.49 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nordic Iron holds a performance score of 5. The company secures a Beta (Market Risk) of -0.52, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nordic Iron are expected to decrease at a much lower rate. During the bear market, Nordic Iron is likely to outperform the market. Please check Nordic Iron's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Nordic Iron's current price movements will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Nordic Iron Ore has good reverse predictability. Overlapping area represents the amount of predictability between Nordic Iron time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Nordic Iron Ore price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Nordic Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
Nordic Iron Ore lagged returns against current returns
Autocorrelation, which is Nordic Iron 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 Nordic Iron's stock expected returns. We can calculate the autocorrelation of Nordic Iron returns to help us make a trade decision. For example, suppose you find that Nordic Iron 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 |
Nordic Iron 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 Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Iron Lagged Returns
When evaluating Nordic Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Iron stock have on its future price. Nordic Iron 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 Iron autocorrelation shows the relationship between Nordic Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Iron Ore.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nordic Stock Analysis
When running Nordic Iron's price analysis, check to measure Nordic Iron'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 Iron is operating at the current time. Most of Nordic Iron's value examination focuses on studying past and present price action to predict the probability of Nordic Iron'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 Iron's price. Additionally, you may evaluate how the addition of Nordic Iron to your portfolios can decrease your overall portfolio volatility.