NKT A/S (Germany) Market Value
| NKT Stock | EUR 73.00 0.70 0.95% |
| Symbol | NKT |
NKT A/S '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 NKT A/S'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 NKT A/S.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in NKT A/S on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding NKT AS or generate 0.0% return on investment in NKT A/S over 720 days. NKT A/S is related to or competes with SPARTAN STORES, JAPAN AIRLINES, Burlington Stores, MARKET VECTR, and BRIT AMER. NKT AS develops, manufactures, and markets cables, accessories, and solutions worldwide More
NKT A/S 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 NKT A/S'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 NKT AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.37 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 4.05 |
NKT A/S Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NKT A/S's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NKT A/S's standard deviation. In reality, there are many statistical measures that can use NKT A/S historical prices to predict the future NKT A/S's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.9391 |
NKT A/S Backtested Returns
NKT A/S has Sharpe Ratio of -0.0931, which conveys that the firm had a -0.0931% return per unit of standard deviation over the last 3 months. NKT A/S exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NKT A/S's Mean Deviation of 1.58, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 0.9491 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NKT A/S are expected to decrease at a much lower rate. During the bear market, NKT A/S is likely to outperform the market. At this point, NKT A/S has a negative expected return of -0.19%. Please make sure to verify NKT A/S's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if NKT A/S performance from the past will be repeated at future time.
Auto-correlation | -0.46 |
Modest reverse predictability
NKT AS has modest reverse predictability. Overlapping area represents the amount of predictability between NKT A/S time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 NKT A/S price movement. The serial correlation of -0.46 indicates that about 46.0% of current NKT A/S price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 66.46 |
NKT A/S lagged returns against current returns
Autocorrelation, which is NKT A/S 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 NKT A/S's stock expected returns. We can calculate the autocorrelation of NKT A/S returns to help us make a trade decision. For example, suppose you find that NKT A/S 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 |
NKT A/S 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 NKT A/S stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NKT A/S stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NKT A/S stock over time.
Current vs Lagged Prices |
| Timeline |
NKT A/S Lagged Returns
When evaluating NKT A/S's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NKT A/S stock have on its future price. NKT A/S 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, NKT A/S autocorrelation shows the relationship between NKT A/S stock current value and its past values and can show if there is a momentum factor associated with investing in NKT AS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NKT Stock
NKT A/S financial ratios help investors to determine whether NKT 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 NKT with respect to the benefits of owning NKT A/S security.