Nordex Se Stock Market Value
| NRXXY Stock | USD 7.38 0.00 0.00% |
| Symbol | Nordex |
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.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Nordex SE on November 29, 2023 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 360 days. Nordex SE is related to or competes with Aumann AG, and Atlas Copco. 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.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 7.39 |
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.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.72) |
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.
Nordex SE Backtested Returns
Nordex SE has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Nordex SE exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordex SE's Risk Adjusted Performance of (0.1), mean deviation of 0.3271, and Standard Deviation of 0.9129 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nordex SE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordex SE is expected to be smaller as well. At this point, Nordex SE has a negative expected return of -0.12%. Please make sure to verify Nordex SE's information ratio, and the relationship between the coefficient of variation and skewness , to decide if Nordex SE performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Nordex SE has weak predictability. Overlapping area represents the amount of predictability between Nordex SE time series from 29th of November 2023 to 27th of May 2024 and 27th 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 Nordex SE price movement. The serial correlation of 0.22 indicates that over 22.0% of current Nordex SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Nordex Pink Sheet Analysis
When running Nordex SE's price analysis, check to measure Nordex SE'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 Nordex SE is operating at the current time. Most of Nordex SE's value examination focuses on studying past and present price action to predict the probability of Nordex SE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordex SE's price. Additionally, you may evaluate how the addition of Nordex SE to your portfolios can decrease your overall portfolio volatility.