Norma Group (Germany) Market Value
| NOEJ Stock | 13.52 1.70 14.38% |
| Symbol | Norma |
Norma Group '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 Norma Group'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 Norma Group.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Norma Group on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Norma Group AG or generate 0.0% return on investment in Norma Group over 720 days. Norma Group is related to or competes with METTLER TOLEDO, METTLER TOLEDO, Mitie Group, Impinj, Impinj, Carmat SA, and Air Canada. More
Norma Group 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 Norma Group'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 Norma Group AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.83 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.41 |
Norma Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norma Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norma Group's standard deviation. In reality, there are many statistical measures that can use Norma Group historical prices to predict the future Norma Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.22) |
Norma Group AG Backtested Returns
Norma Group AG has Sharpe Ratio of -0.0441, which conveys that the firm had a -0.0441% return per unit of risk over the last 3 months. Norma Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Norma Group's Risk Adjusted Performance of (0.02), mean deviation of 1.65, and Standard Deviation of 2.54 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, Norma Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Norma Group is expected to be smaller as well. At this point, Norma Group AG has a negative expected return of -0.11%. Please make sure to verify Norma Group's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Norma Group AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Norma Group AG has virtually no predictability. Overlapping area represents the amount of predictability between Norma Group time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Norma Group AG price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Norma Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 4.16 |
Norma Group AG lagged returns against current returns
Autocorrelation, which is Norma Group 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 Norma Group's stock expected returns. We can calculate the autocorrelation of Norma Group returns to help us make a trade decision. For example, suppose you find that Norma Group 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 |
Norma Group 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 Norma Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norma Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norma Group stock over time.
Current vs Lagged Prices |
| Timeline |
Norma Group Lagged Returns
When evaluating Norma Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norma Group stock have on its future price. Norma Group 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, Norma Group autocorrelation shows the relationship between Norma Group stock current value and its past values and can show if there is a momentum factor associated with investing in Norma Group AG.
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 Norma Stock
Norma Group financial ratios help investors to determine whether Norma 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 Norma with respect to the benefits of owning Norma Group security.