Norditek Group (Sweden) Market Value
| NOTEK Stock | 14.60 0.70 5.04% |
| Symbol | Norditek |
Norditek Group '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 Norditek Group'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 Norditek Group.
| 01/26/2024 |
| 01/15/2026 |
If you would invest 0.00 in Norditek Group on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Norditek Group AB or generate 0.0% return on investment in Norditek Group over 720 days.
Norditek Group 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 Norditek Group'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 Norditek Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.0789 | |||
| Maximum Drawdown | 22.96 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 5.66 |
Norditek Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norditek Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norditek Group's standard deviation. In reality, there are many statistical measures that can use Norditek Group historical prices to predict the future Norditek Group's volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 0.3172 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0731 | |||
| Treynor Ratio | 0.9803 |
Norditek Group AB Backtested Returns
Norditek Group appears to be somewhat reliable, given 3 months investment horizon. Norditek Group AB has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Norditek Group, which you can use to evaluate the volatility of the firm. Please exercise Norditek Group's Risk Adjusted Performance of 0.0861, downside deviation of 3.47, and Mean Deviation of 2.12 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Norditek Group holds a performance score of 8. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Norditek Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Norditek Group is expected to be smaller as well. Please check Norditek Group's potential upside, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Norditek Group's current price movements will revert.
Auto-correlation | 0.26 |
Poor predictability
Norditek Group AB has poor predictability. Overlapping area represents the amount of predictability between Norditek Group time series from 26th of January 2024 to 20th of January 2025 and 20th of January 2025 to 15th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Norditek Group AB price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Norditek Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 3.83 |
Norditek Group AB lagged returns against current returns
Autocorrelation, which is Norditek Group 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 Norditek Group's stock expected returns. We can calculate the autocorrelation of Norditek Group returns to help us make a trade decision. For example, suppose you find that Norditek Group 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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Norditek Group 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 Norditek Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norditek Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norditek Group stock over time.
Current vs Lagged Prices |
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Norditek Group Lagged Returns
When evaluating Norditek Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norditek Group stock have on its future price. Norditek Group 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, Norditek Group autocorrelation shows the relationship between Norditek Group stock current value and its past values and can show if there is a momentum factor associated with investing in Norditek Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Norditek Stock Analysis
When running Norditek Group's price analysis, check to measure Norditek Group'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 Norditek Group is operating at the current time. Most of Norditek Group's value examination focuses on studying past and present price action to predict the probability of Norditek Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norditek Group's price. Additionally, you may evaluate how the addition of Norditek Group to your portfolios can decrease your overall portfolio volatility.