NP3 Fastigheter (Sweden) Market Value
| NP3 Stock | SEK 250.50 4.00 1.62% |
| 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.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in NP3 Fastigheter on May 30, 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 180 days. NP3 Fastigheter is related to or competes with Platzer Fastigheter, Catena AB, AB Sagax, and Dios Fastigheter. 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.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.74 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.64 |
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 | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.28) |
NP3 Fastigheter AB Backtested Returns
NP3 Fastigheter AB retains Efficiency (Sharpe Ratio) of -0.0628, which conveys that the firm had a -0.0628% return per unit of price deviation over the last 3 months. NP3 Fastigheter exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NP3 Fastigheter's Information Ratio of (0.15), market risk adjusted performance of (0.27), and Mean Deviation of 1.39 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.49, which conveys possible diversification benefits within a given portfolio. 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. At this point, NP3 Fastigheter AB has a negative expected return of -0.11%. Please make sure to verify NP3 Fastigheter's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if NP3 Fastigheter AB performance from the past will be repeated in the future.
Auto-correlation | 0.09 |
Virtually no predictability
NP3 Fastigheter AB has virtually no predictability. Overlapping area represents the amount of predictability between NP3 Fastigheter time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 0.09 indicates that less than 9.0% of current NP3 Fastigheter price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 92.76 |
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 |
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Additional Tools for NP3 Stock Analysis
When running NP3 Fastigheter's price analysis, check to measure NP3 Fastigheter'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 NP3 Fastigheter is operating at the current time. Most of NP3 Fastigheter's value examination focuses on studying past and present price action to predict the probability of NP3 Fastigheter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NP3 Fastigheter's price. Additionally, you may evaluate how the addition of NP3 Fastigheter to your portfolios can decrease your overall portfolio volatility.