Nurminen Logistics (Finland) Market Value
| NLG1V Stock | EUR 0.96 0.01 1.03% |
| Symbol | Nurminen |
Nurminen Logistics '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 Nurminen Logistics' 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 Nurminen Logistics.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Nurminen Logistics on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Nurminen Logistics Oyj or generate 0.0% return on investment in Nurminen Logistics over 480 days. Nurminen Logistics is related to or competes with Telefonaktiebolaget, KONE Oyj, Nordea Bank, TietoEVRY Corp, Stora Enso, Stora Enso, and Telia Company. Nurminen Logistics Oyj provides logistics services in Finland, Russia, and Baltic countries More
Nurminen Logistics 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 Nurminen Logistics' 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 Nurminen Logistics Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.1238 | |||
| Maximum Drawdown | 12.15 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.9 |
Nurminen Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nurminen Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nurminen Logistics' standard deviation. In reality, there are many statistical measures that can use Nurminen Logistics historical prices to predict the future Nurminen Logistics' volatility.| Risk Adjusted Performance | 0.1367 | |||
| Jensen Alpha | 0.4094 | |||
| Total Risk Alpha | 0.0377 | |||
| Sortino Ratio | 0.1272 | |||
| Treynor Ratio | (2.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nurminen Logistics' 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.
Nurminen Logistics Oyj Backtested Returns
Nurminen Logistics appears to be dangerous, given 3 months investment horizon. Nurminen Logistics Oyj has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nurminen Logistics, which you can use to evaluate the volatility of the firm. Please exercise Nurminen Logistics' Downside Deviation of 2.15, mean deviation of 1.65, and Risk Adjusted Performance of 0.1367 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nurminen Logistics holds a performance score of 13. The company secures a Beta (Market Risk) of -0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nurminen Logistics are expected to decrease at a much lower rate. During the bear market, Nurminen Logistics is likely to outperform the market. Please check Nurminen Logistics' value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Nurminen Logistics' current price movements will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Nurminen Logistics Oyj has very good reverse predictability. Overlapping area represents the amount of predictability between Nurminen Logistics time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Nurminen Logistics Oyj price movement. The serial correlation of -0.68 indicates that around 68.0% of current Nurminen Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nurminen Logistics Oyj lagged returns against current returns
Autocorrelation, which is Nurminen Logistics 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 Nurminen Logistics' stock expected returns. We can calculate the autocorrelation of Nurminen Logistics returns to help us make a trade decision. For example, suppose you find that Nurminen Logistics 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 |
Nurminen Logistics 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 Nurminen Logistics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nurminen Logistics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nurminen Logistics stock over time.
Current vs Lagged Prices |
| Timeline |
Nurminen Logistics Lagged Returns
When evaluating Nurminen Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nurminen Logistics stock have on its future price. Nurminen Logistics 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, Nurminen Logistics autocorrelation shows the relationship between Nurminen Logistics stock current value and its past values and can show if there is a momentum factor associated with investing in Nurminen Logistics Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Nurminen Stock
Nurminen Logistics financial ratios help investors to determine whether Nurminen 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 Nurminen with respect to the benefits of owning Nurminen Logistics security.