Norion Bank's market value is the price at which a share of Norion Bank trades on a public exchange. It measures the collective expectations of Norion Bank investors about its performance. Norion Bank is trading at 39.35 as of the 30th of November 2024, a 1.99 percent decrease since the beginning of the trading day. The stock's open price was 40.15. With this module, you can estimate the performance of a buy and hold strategy of Norion Bank and determine expected loss or profit from investing in Norion Bank 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 persons.
Symbol
Norion
Norion Bank '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 Norion Bank'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 Norion Bank.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in Norion Bank on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Norion Bank or generate 0.0% return on investment in Norion Bank over 30 days.
Norion Bank 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 Norion Bank'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 Norion Bank upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norion Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norion Bank's standard deviation. In reality, there are many statistical measures that can use Norion Bank historical prices to predict the future Norion Bank's volatility.
Norion Bank has Sharpe Ratio of -0.0359, which conveys that the firm had a -0.0359% return per unit of risk over the last 3 months. Norion Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Norion Bank's Mean Deviation of 1.41, risk adjusted performance of (0.02), and Standard Deviation of 1.98 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Norion Bank are expected to decrease at a much lower rate. During the bear market, Norion Bank is likely to outperform the market. At this point, Norion Bank has a negative expected return of -0.0715%. Please make sure to verify Norion Bank's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Norion Bank performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.2
Insignificant reverse predictability
Norion Bank has insignificant reverse predictability. Overlapping area represents the amount of predictability between Norion Bank time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Norion Bank price movement. The serial correlation of -0.2 indicates that over 20.0% of current Norion Bank price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.2
Spearman Rank Test
0.42
Residual Average
0.0
Price Variance
0.73
Norion Bank lagged returns against current returns
Autocorrelation, which is Norion Bank 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 Norion Bank's stock expected returns. We can calculate the autocorrelation of Norion Bank returns to help us make a trade decision. For example, suppose you find that Norion Bank 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
Norion Bank 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 Norion Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norion Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norion Bank stock over time.
Current vs Lagged Prices
Timeline
Norion Bank Lagged Returns
When evaluating Norion Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norion Bank stock have on its future price. Norion Bank 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, Norion Bank autocorrelation shows the relationship between Norion Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Norion Bank.
Regressed Prices
Timeline
Thematic Opportunities
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