Nordisk Bergteknik (Sweden) Market Value
| NORB-B Stock | 12.54 0.46 3.81% |
| Symbol | Nordisk |
Nordisk Bergteknik '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 Nordisk Bergteknik'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 Nordisk Bergteknik.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Nordisk Bergteknik on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Nordisk Bergteknik AB or generate 0.0% return on investment in Nordisk Bergteknik over 540 days. Nordisk Bergteknik is related to or competes with NCAB, Bufab Holding, and Profoto Holding. More
Nordisk Bergteknik 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 Nordisk Bergteknik'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 Nordisk Bergteknik AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 8.97 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 1.65 |
Nordisk Bergteknik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordisk Bergteknik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordisk Bergteknik's standard deviation. In reality, there are many statistical measures that can use Nordisk Bergteknik historical prices to predict the future Nordisk Bergteknik's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 1.88 |
Nordisk Bergteknik Backtested Returns
Nordisk Bergteknik has Sharpe Ratio of -0.32, which conveys that the firm had a -0.32% return per unit of risk over the last 3 months. Nordisk Bergteknik exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordisk Bergteknik's Risk Adjusted Performance of (0.23), standard deviation of 1.67, and Mean Deviation of 1.27 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordisk Bergteknik are expected to decrease at a much lower rate. During the bear market, Nordisk Bergteknik is likely to outperform the market. At this point, Nordisk Bergteknik has a negative expected return of -0.53%. Please make sure to verify Nordisk Bergteknik's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Nordisk Bergteknik performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Nordisk Bergteknik AB has virtually no predictability. Overlapping area represents the amount of predictability between Nordisk Bergteknik time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Nordisk Bergteknik price movement. The serial correlation of 0.03 indicates that only 3.0% of current Nordisk Bergteknik price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.28 |
Nordisk Bergteknik lagged returns against current returns
Autocorrelation, which is Nordisk Bergteknik 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 Nordisk Bergteknik's stock expected returns. We can calculate the autocorrelation of Nordisk Bergteknik returns to help us make a trade decision. For example, suppose you find that Nordisk Bergteknik 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 |
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Nordisk Bergteknik 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 Nordisk Bergteknik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordisk Bergteknik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordisk Bergteknik stock over time.
Current vs Lagged Prices |
| Timeline |
Nordisk Bergteknik Lagged Returns
When evaluating Nordisk Bergteknik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordisk Bergteknik stock have on its future price. Nordisk Bergteknik 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, Nordisk Bergteknik autocorrelation shows the relationship between Nordisk Bergteknik stock current value and its past values and can show if there is a momentum factor associated with investing in Nordisk Bergteknik AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nordisk Stock
Nordisk Bergteknik financial ratios help investors to determine whether Nordisk 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 Nordisk with respect to the benefits of owning Nordisk Bergteknik security.