North Media (Denmark) Market Value
| NORTHM Stock | DKK 50.60 0.70 1.40% |
| Symbol | North |
North Media '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 North Media'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 North Media.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in North Media on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding North Media AS or generate 0.0% return on investment in North Media over 390 days. North Media is related to or competes with Matas AS, CBrain AS, Alm Brand, Netcompany Group, and Tryg AS. The company disseminates offers and information to various Danish consumers through minetilbud.dk and distributes advert... More
North Media 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 North Media'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 North Media AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.63 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 1.81 |
North Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Media's standard deviation. In reality, there are many statistical measures that can use North Media historical prices to predict the future North Media's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.92) |
North Media AS Backtested Returns
North Media AS has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. North Media exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify North Media's Mean Deviation of 1.03, standard deviation of 1.32, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, North Media's returns are expected to increase less than the market. However, during the bear market, the loss of holding North Media is expected to be smaller as well. At this point, North Media AS has a negative expected return of -0.16%. Please make sure to verify North Media's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if North Media AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
North Media AS has weak reverse predictability. Overlapping area represents the amount of predictability between North Media time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 North Media AS price movement. The serial correlation of -0.21 indicates that over 21.0% of current North Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 4.03 |
North Media AS lagged returns against current returns
Autocorrelation, which is North Media 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 North Media's stock expected returns. We can calculate the autocorrelation of North Media returns to help us make a trade decision. For example, suppose you find that North Media 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 |
North Media 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 North Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Media stock over time.
Current vs Lagged Prices |
| Timeline |
North Media Lagged Returns
When evaluating North Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Media stock have on its future price. North Media 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, North Media autocorrelation shows the relationship between North Media stock current value and its past values and can show if there is a momentum factor associated with investing in North Media AS.
Regressed Prices |
| Timeline |
Pair Trading with North Media
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if North Media position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in North Media will appreciate offsetting losses from the drop in the long position's value.Moving together with North Stock
Moving against North Stock
The ability to find closely correlated positions to North Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North Media when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back North Media - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling North Media AS to buy it.
The correlation of North Media is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as North Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North Media AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for North Media can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in North Stock
North Media financial ratios help investors to determine whether North 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 North with respect to the benefits of owning North Media security.