Nok Airlines Public Stock Market Value
Nok Airlines' market value is the price at which a share of Nok Airlines trades on a public exchange. It measures the collective expectations of Nok Airlines Public investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Nok Airlines Public and determine expected loss or profit from investing in Nok Airlines over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
| Symbol | Nok |
Nok Airlines '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 Nok Airlines' pink sheet 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 Nok Airlines.
| 12/24/2023 |
| 12/18/2024 |
If you would invest 0.00 in Nok Airlines on December 24, 2023 and sell it all today you would earn a total of 0.00 from holding Nok Airlines Public or generate 0.0% return on investment in Nok Airlines over 360 days. Nok Airlines is related to or competes with Norse Atlantic, Finnair Oyj, EasyJet Plc, Air China, AirAsia Group, Air New, and Air France. Nok Airlines Public Company Limited, together with its subsidiaries, offers air transport services for passengers, and p... More
Nok Airlines 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 Nok Airlines' pink sheet 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 Nok Airlines Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 84.53 | |||
| Information Ratio | 0.3047 | |||
| Maximum Drawdown | 1099.0 | |||
| Value At Risk | (90.00) | |||
| Potential Upside | 566.67 |
Nok Airlines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nok Airlines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nok Airlines' standard deviation. In reality, there are many statistical measures that can use Nok Airlines historical prices to predict the future Nok Airlines' volatility.| Risk Adjusted Performance | 0.231 | |||
| Jensen Alpha | 61.93 | |||
| Total Risk Alpha | 49.81 | |||
| Sortino Ratio | 0.7968 | |||
| Treynor Ratio | 0.7096 |
Nok Airlines Public Backtested Returns
Nok Airlines is out of control given 3 months investment horizon. Nok Airlines Public has Sharpe Ratio of 0.31, which conveys that the firm had a 0.31% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 67.42% are justified by taking the suggested risk. Use Nok Airlines Public Mean Deviation of 127.93, risk adjusted performance of 0.231, and Downside Deviation of 84.53 to evaluate company specific risk that cannot be diversified away. Nok Airlines holds a performance score of 24 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 95.0, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nok Airlines will likely underperform. Use Nok Airlines Public sortino ratio and the relationship between the potential upside and day median price , to analyze future returns on Nok Airlines Public.
Auto-correlation | -0.09 |
Very weak reverse predictability
Nok Airlines Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Nok Airlines time series from 24th of December 2023 to 21st of June 2024 and 21st of June 2024 to 18th 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 Nok Airlines Public price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Nok Airlines price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nok Airlines Public lagged returns against current returns
Autocorrelation, which is Nok Airlines pink sheet'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 Nok Airlines' pink sheet expected returns. We can calculate the autocorrelation of Nok Airlines returns to help us make a trade decision. For example, suppose you find that Nok Airlines has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nok Airlines 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 Nok Airlines pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nok Airlines pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nok Airlines pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nok Airlines Lagged Returns
When evaluating Nok Airlines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nok Airlines pink sheet have on its future price. Nok Airlines 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, Nok Airlines autocorrelation shows the relationship between Nok Airlines pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nok Airlines Public.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nok Pink Sheet
Nok Airlines financial ratios help investors to determine whether Nok Pink Sheet 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 Nok with respect to the benefits of owning Nok Airlines security.