Nordon Indstrias (Brazil) Market Value
| NORD3 Stock | BRL 6.86 0.48 6.54% |
| Symbol | Nordon |
Nordon Indstrias '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 Nordon Indstrias' 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 Nordon Indstrias.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Nordon Indstrias on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Nordon Indstrias Metalrgicas or generate 0.0% return on investment in Nordon Indstrias over 360 days. Nordon Indstrias is related to or competes with METISA Metalrgica, Lupatech, Fras Le, Energisa, BTG Pactual, Procter Gamble, and Companhia Paranaense. Nordon Indstrias Metalrgicas SA engages in the production of capital goods for chemical, oil, petrochemical, cryogenic, ... More
Nordon Indstrias 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 Nordon Indstrias' 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 Nordon Indstrias Metalrgicas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 36.32 | |||
| Value At Risk | (10.98) | |||
| Potential Upside | 8.4 |
Nordon Indstrias Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordon Indstrias' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordon Indstrias' standard deviation. In reality, there are many statistical measures that can use Nordon Indstrias historical prices to predict the future Nordon Indstrias' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.86) | |||
| Total Risk Alpha | (1.65) | |||
| Treynor Ratio | (0.69) |
Nordon Indstrias Met Backtested Returns
Nordon Indstrias Met has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Nordon Indstrias exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordon Indstrias' Standard Deviation of 5.55, mean deviation of 3.36, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.06, which conveys a somewhat significant risk relative to the market. Nordon Indstrias returns are very sensitive to returns on the market. As the market goes up or down, Nordon Indstrias is expected to follow. At this point, Nordon Indstrias Met has a negative expected return of -0.73%. Please make sure to verify Nordon Indstrias' skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if Nordon Indstrias Met performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Nordon Indstrias Metalrgicas has virtually no predictability. Overlapping area represents the amount of predictability between Nordon Indstrias time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Nordon Indstrias Met price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Nordon Indstrias price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 4.3 |
Nordon Indstrias Met lagged returns against current returns
Autocorrelation, which is Nordon Indstrias 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 Nordon Indstrias' stock expected returns. We can calculate the autocorrelation of Nordon Indstrias returns to help us make a trade decision. For example, suppose you find that Nordon Indstrias 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 |
Nordon Indstrias 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 Nordon Indstrias stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordon Indstrias stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordon Indstrias stock over time.
Current vs Lagged Prices |
| Timeline |
Nordon Indstrias Lagged Returns
When evaluating Nordon Indstrias' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordon Indstrias stock have on its future price. Nordon Indstrias 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, Nordon Indstrias autocorrelation shows the relationship between Nordon Indstrias stock current value and its past values and can show if there is a momentum factor associated with investing in Nordon Indstrias Metalrgicas.
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.Additional Tools for Nordon Stock Analysis
When running Nordon Indstrias' price analysis, check to measure Nordon Indstrias' 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 Nordon Indstrias is operating at the current time. Most of Nordon Indstrias' value examination focuses on studying past and present price action to predict the probability of Nordon Indstrias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordon Indstrias' price. Additionally, you may evaluate how the addition of Nordon Indstrias to your portfolios can decrease your overall portfolio volatility.