NordTelekom Telecommunicatio (Hungary) Market Value
| NORD Stock | 12.55 1.30 11.56% |
| Symbol | NordTelekom |
Please note, there is a significant difference between NordTelekom Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine if NordTelekom Telecommunicatio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NordTelekom Telecommunicatio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NordTelekom Telecommunicatio '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 NordTelekom Telecommunicatio'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 NordTelekom Telecommunicatio.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in NordTelekom Telecommunicatio on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding NordTelekom Telecommunications Service or generate 0.0% return on investment in NordTelekom Telecommunicatio over 30 days. NordTelekom Telecommunicatio is related to or competes with OTP Bank, MOL Nyrt, OPUS GLOBAL, ALTEO Energiaszolgalta, Budapesti Ingatlan, ANY Security, and Raba Jarmuipari. More
NordTelekom Telecommunicatio 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 NordTelekom Telecommunicatio'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 NordTelekom Telecommunications Service upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 22.15 | |||
| Value At Risk | (6.09) | |||
| Potential Upside | 7.75 |
NordTelekom Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NordTelekom Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NordTelekom Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use NordTelekom Telecommunicatio historical prices to predict the future NordTelekom Telecommunicatio's volatility.| Risk Adjusted Performance | 0.025 | |||
| Jensen Alpha | 0.1359 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.15) |
NordTelekom Telecommunicatio Backtested Returns
NordTelekom Telecommunicatio has Sharpe Ratio of -0.0321, which conveys that the firm had a -0.0321% return per unit of risk over the last 3 months. NordTelekom Telecommunicatio exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NordTelekom Telecommunicatio's Risk Adjusted Performance of 0.025, downside deviation of 4.09, and Mean Deviation of 2.87 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NordTelekom Telecommunicatio are expected to decrease at a much lower rate. During the bear market, NordTelekom Telecommunicatio is likely to outperform the market. At this point, NordTelekom Telecommunicatio has a negative expected return of -0.12%. Please make sure to verify NordTelekom Telecommunicatio's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if NordTelekom Telecommunicatio performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
NordTelekom Telecommunications Service has weak reverse predictability. Overlapping area represents the amount of predictability between NordTelekom Telecommunicatio time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 NordTelekom Telecommunicatio price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current NordTelekom Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
NordTelekom Telecommunicatio lagged returns against current returns
Autocorrelation, which is NordTelekom Telecommunicatio 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 NordTelekom Telecommunicatio's stock expected returns. We can calculate the autocorrelation of NordTelekom Telecommunicatio returns to help us make a trade decision. For example, suppose you find that NordTelekom Telecommunicatio 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 |
NordTelekom Telecommunicatio 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 NordTelekom Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NordTelekom Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NordTelekom Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
NordTelekom Telecommunicatio Lagged Returns
When evaluating NordTelekom Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NordTelekom Telecommunicatio stock have on its future price. NordTelekom Telecommunicatio 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, NordTelekom Telecommunicatio autocorrelation shows the relationship between NordTelekom Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in NordTelekom Telecommunications Service.
Regressed Prices |
| Timeline |
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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.Additional Tools for NordTelekom Stock Analysis
When running NordTelekom Telecommunicatio's price analysis, check to measure NordTelekom Telecommunicatio'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 NordTelekom Telecommunicatio is operating at the current time. Most of NordTelekom Telecommunicatio's value examination focuses on studying past and present price action to predict the probability of NordTelekom Telecommunicatio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NordTelekom Telecommunicatio's price. Additionally, you may evaluate how the addition of NordTelekom Telecommunicatio to your portfolios can decrease your overall portfolio volatility.