NP3 Fastigheter (Sweden) Market Value
| NP3-PREF | SEK 30.45 0.30 1.00% |
| Symbol | NP3 |
NP3 Fastigheter '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 NP3 Fastigheter'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 NP3 Fastigheter.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in NP3 Fastigheter on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding NP3 Fastigheter AB or generate 0.0% return on investment in NP3 Fastigheter over 60 days. NP3 Fastigheter is related to or competes with Fastighets, and Wallenstam. NP3 Fastigheter AB primarily rents commercial real properties in northern Sweden More
NP3 Fastigheter 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 NP3 Fastigheter'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 NP3 Fastigheter AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5908 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.995 |
NP3 Fastigheter Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NP3 Fastigheter's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NP3 Fastigheter's standard deviation. In reality, there are many statistical measures that can use NP3 Fastigheter historical prices to predict the future NP3 Fastigheter's volatility.| Risk Adjusted Performance | 0.061 | |||
| Jensen Alpha | 0.0319 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.6621 |
NP3 Fastigheter AB Backtested Returns
At this point, NP3 Fastigheter is very steady. NP3 Fastigheter AB retains Efficiency (Sharpe Ratio) of 0.0844, which conveys that the firm had a 0.0844% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for NP3 Fastigheter, which you can use to evaluate the volatility of the firm. Please verify NP3 Fastigheter's Market Risk Adjusted Performance of 0.6721, standard deviation of 0.5811, and Mean Deviation of 0.4392 to check out if the risk estimate we provide is consistent with the expected return of 0.0494%. NP3 Fastigheter has a performance score of 6 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.0584, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NP3 Fastigheter's returns are expected to increase less than the market. However, during the bear market, the loss of holding NP3 Fastigheter is expected to be smaller as well. NP3 Fastigheter AB at this time owns a risk of 0.59%. Please verify NP3 Fastigheter AB mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if NP3 Fastigheter AB will be following its current price history.
Auto-correlation | -0.4 |
Poor reverse predictability
NP3 Fastigheter AB has poor reverse predictability. Overlapping area represents the amount of predictability between NP3 Fastigheter time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 NP3 Fastigheter AB price movement. The serial correlation of -0.4 indicates that just about 40.0% of current NP3 Fastigheter price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
NP3 Fastigheter AB lagged returns against current returns
Autocorrelation, which is NP3 Fastigheter 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 NP3 Fastigheter's stock expected returns. We can calculate the autocorrelation of NP3 Fastigheter returns to help us make a trade decision. For example, suppose you find that NP3 Fastigheter 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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NP3 Fastigheter 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 NP3 Fastigheter stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NP3 Fastigheter stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NP3 Fastigheter stock over time.
Current vs Lagged Prices |
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NP3 Fastigheter Lagged Returns
When evaluating NP3 Fastigheter's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NP3 Fastigheter stock have on its future price. NP3 Fastigheter 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, NP3 Fastigheter autocorrelation shows the relationship between NP3 Fastigheter stock current value and its past values and can show if there is a momentum factor associated with investing in NP3 Fastigheter AB.
Regressed Prices |
| Timeline |
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Other Information on Investing in NP3 Stock
NP3 Fastigheter financial ratios help investors to determine whether NP3 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 NP3 with respect to the benefits of owning NP3 Fastigheter security.