Nordex Se Stock Market Value

NRDXF Stock  USD 14.23  0.00  0.00%   
Nordex SE's market value is the price at which a share of Nordex SE trades on a public exchange. It measures the collective expectations of Nordex SE investors about its performance. Nordex SE is trading at 14.23 as of the 23rd of November 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 14.23.
With this module, you can estimate the performance of a buy and hold strategy of Nordex SE and determine expected loss or profit from investing in Nordex SE over a given investment horizon. Check out Nordex SE Correlation, Nordex SE Volatility and Nordex SE Alpha and Beta module to complement your research on Nordex SE.
Symbol

Please note, there is a significant difference between Nordex SE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nordex SE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordex SE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Nordex SE '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 Nordex SE's pink sheet 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 Nordex SE.
0.00
05/27/2024
No Change 0.00  0.0 
In 5 months and 30 days
11/23/2024
0.00
If you would invest  0.00  in Nordex SE on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nordex SE or generate 0.0% return on investment in Nordex SE over 180 days. Nordex SE is related to or competes with Atlas Copco, Atlas Copco, Siemens AG, Sandvik AB, Schneider Electric, Nordex SE, and Xinjiang Goldwind. Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines ... More

Nordex SE 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 Nordex SE's pink sheet 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 Nordex SE upside and downside potential and time the market with a certain degree of confidence.

Nordex SE Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordex SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordex SE's standard deviation. In reality, there are many statistical measures that can use Nordex SE historical prices to predict the future Nordex SE's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nordex SE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
11.0814.2317.38
Details
Intrinsic
Valuation
LowRealHigh
9.1812.3315.48
Details
Naive
Forecast
LowNextHigh
10.9314.0817.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.2314.2314.23
Details

Nordex SE Backtested Returns

At this point, Nordex SE is somewhat reliable. Nordex SE has Sharpe Ratio of 0.0462, which conveys that the firm had a 0.0462% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Nordex SE, which you can use to evaluate the volatility of the firm. Please verify Nordex SE's Mean Deviation of 0.8138, risk adjusted performance of 0.0424, and Standard Deviation of 3.1 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Nordex SE has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.88, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Nordex SE are expected to decrease slowly. On the other hand, during market turmoil, Nordex SE is expected to outperform it slightly. Nordex SE right now secures a risk of 3.15%. Please verify Nordex SE maximum drawdown and day median price , to decide if Nordex SE will be following its current price movements.

Auto-correlation

    
  0.13  

Insignificant predictability

Nordex SE has insignificant predictability. Overlapping area represents the amount of predictability between Nordex SE time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Nordex SE price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Nordex SE price fluctuation can be explain by its past prices.
Correlation Coefficient0.13
Spearman Rank Test0.45
Residual Average0.0
Price Variance1.24

Nordex SE lagged returns against current returns

Autocorrelation, which is Nordex SE pink sheet'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 Nordex SE's pink sheet expected returns. We can calculate the autocorrelation of Nordex SE returns to help us make a trade decision. For example, suppose you find that Nordex SE has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

Nordex SE 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 Nordex SE pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordex SE pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordex SE pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Nordex SE Lagged Returns

When evaluating Nordex SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordex SE pink sheet have on its future price. Nordex SE 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, Nordex SE autocorrelation shows the relationship between Nordex SE pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nordex SE.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Nordex Pink Sheet

Nordex SE financial ratios help investors to determine whether Nordex Pink Sheet 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 Nordex with respect to the benefits of owning Nordex SE security.