Nordic Aqua (Norway) Market Value
| NOAP Stock | NOK 74.50 2.00 2.76% |
| Symbol | Nordic |
Nordic Aqua '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 Aqua'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 Aqua.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Nordic Aqua on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Nordic Aqua Partners or generate 0.0% return on investment in Nordic Aqua over 390 days. Nordic Aqua is related to or competes with Andfjord Salmon, Elkem ASA, Integrated Wind, Vow ASA, North Energy, Axactor SE, and Arcticzymes Technologies. Nordic Aqua Partners AS, a holding company, provides aquaculture services in the Peoples Republic of China More
Nordic Aqua 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 Aqua'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 Aqua Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 16.41 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.76 |
Nordic Aqua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Aqua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Aqua's standard deviation. In reality, there are many statistical measures that can use Nordic Aqua historical prices to predict the future Nordic Aqua's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 0.6409 |
Nordic Aqua Partners Backtested Returns
Nordic Aqua Partners has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Nordic Aqua exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Aqua's Risk Adjusted Performance of (0.1), standard deviation of 2.26, and Mean Deviation of 1.48 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nordic Aqua are expected to decrease at a much lower rate. During the bear market, Nordic Aqua is likely to outperform the market. At this point, Nordic Aqua Partners has a negative expected return of -0.28%. Please make sure to verify Nordic Aqua's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Nordic Aqua Partners performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Nordic Aqua Partners has near perfect reversele predictability. Overlapping area represents the amount of predictability between Nordic Aqua time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Aqua Partners price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Nordic Aqua price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 1113.92 |
Nordic Aqua Partners lagged returns against current returns
Autocorrelation, which is Nordic Aqua 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 Aqua's stock expected returns. We can calculate the autocorrelation of Nordic Aqua returns to help us make a trade decision. For example, suppose you find that Nordic Aqua 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 Aqua 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 Aqua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Aqua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Aqua stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Aqua Lagged Returns
When evaluating Nordic Aqua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Aqua stock have on its future price. Nordic Aqua 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 Aqua autocorrelation shows the relationship between Nordic Aqua stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Aqua Partners.
Regressed Prices |
| Timeline |
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Nordic Aqua financial ratios help investors to determine whether Nordic 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 Nordic with respect to the benefits of owning Nordic Aqua security.