New Nordic (Sweden) Market Value
| NNH Stock | SEK 15.00 0.10 0.66% |
| Symbol | New |
New Nordic '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 New Nordic'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 New Nordic.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in New Nordic on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding New Nordic Healthbrands or generate 0.0% return on investment in New Nordic over 30 days. New Nordic is related to or competes with Stille AB, Midsona AB, Precio Fishbone, C Rad, and Novotek AB. New Nordic Healthbrands AB develops and markets branded food supplements, natural remedies, and related personal care pr... More
New Nordic 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 New Nordic'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 New Nordic Healthbrands upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.48 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 3.85 |
New Nordic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Nordic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Nordic's standard deviation. In reality, there are many statistical measures that can use New Nordic historical prices to predict the future New Nordic's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.2751 |
New Nordic Healthbrands Backtested Returns
New Nordic Healthbrands has Sharpe Ratio of -0.0271, which conveys that the firm had a -0.0271% return per unit of risk over the last 3 months. New Nordic exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Nordic's Risk Adjusted Performance of (0.01), mean deviation of 1.84, and Standard Deviation of 2.69 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Nordic are expected to decrease at a much lower rate. During the bear market, New Nordic is likely to outperform the market. At this point, New Nordic Healthbrands has a negative expected return of -0.0727%. Please make sure to verify New Nordic's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if New Nordic Healthbrands performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
New Nordic Healthbrands has below average predictability. Overlapping area represents the amount of predictability between New Nordic time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 New Nordic Healthbrands price movement. The serial correlation of 0.38 indicates that just about 38.0% of current New Nordic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
New Nordic Healthbrands lagged returns against current returns
Autocorrelation, which is New Nordic 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 New Nordic's stock expected returns. We can calculate the autocorrelation of New Nordic returns to help us make a trade decision. For example, suppose you find that New Nordic 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 |
New Nordic 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 New Nordic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Nordic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Nordic stock over time.
Current vs Lagged Prices |
| Timeline |
New Nordic Lagged Returns
When evaluating New Nordic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Nordic stock have on its future price. New Nordic 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, New Nordic autocorrelation shows the relationship between New Nordic stock current value and its past values and can show if there is a momentum factor associated with investing in New Nordic Healthbrands.
Regressed Prices |
| Timeline |
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Additional Tools for New Stock Analysis
When running New Nordic's price analysis, check to measure New Nordic'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 New Nordic is operating at the current time. Most of New Nordic's value examination focuses on studying past and present price action to predict the probability of New Nordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Nordic's price. Additionally, you may evaluate how the addition of New Nordic to your portfolios can decrease your overall portfolio volatility.