Norwegian Air's market value is the price at which a share of Norwegian Air trades on a public exchange. It measures the collective expectations of Norwegian Air Shuttle investors about its performance. Norwegian Air is trading at 0.92 as of the 18th of January 2025. This is a 6.98% up since the beginning of the trading day. The stock's lowest day price was 0.87. With this module, you can estimate the performance of a buy and hold strategy of Norwegian Air Shuttle and determine expected loss or profit from investing in Norwegian Air over a given investment horizon. Check out Norwegian Air Correlation, Norwegian Air Volatility and Norwegian Air Alpha and Beta module to complement your research on Norwegian Air.
Please note, there is a significant difference between Norwegian Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Norwegian Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Norwegian Air'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.
Norwegian Air '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 Norwegian Air'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 Norwegian Air.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Norwegian Air on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Norwegian Air Shuttle or generate 0.0% return on investment in Norwegian Air over 30 days. Norwegian Air is related to or competes with Air France, EasyJet Plc, Norse Atlantic, Air China, Finnair Oyj, Air New, and AirAsia Group. Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and... More
Norwegian Air 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 Norwegian Air'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 Norwegian Air Shuttle upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norwegian Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norwegian Air's standard deviation. In reality, there are many statistical measures that can use Norwegian Air historical prices to predict the future Norwegian Air's volatility.
Norwegian Air Shuttle has Sharpe Ratio of -0.0256, which conveys that the firm had a -0.0256% return per unit of risk over the last 3 months. Norwegian Air exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Norwegian Air's Mean Deviation of 4.06, standard deviation of 5.73, and Risk Adjusted Performance of 9.0E-4 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.07, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Norwegian Air are expected to decrease slowly. On the other hand, during market turmoil, Norwegian Air is expected to outperform it slightly. At this point, Norwegian Air Shuttle has a negative expected return of -0.14%. Please make sure to verify Norwegian Air's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Norwegian Air Shuttle performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.08
Very weak reverse predictability
Norwegian Air Shuttle has very weak reverse predictability. Overlapping area represents the amount of predictability between Norwegian Air time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Norwegian Air Shuttle price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Norwegian Air price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.08
Spearman Rank Test
-0.88
Residual Average
0.0
Price Variance
0.0
Norwegian Air Shuttle lagged returns against current returns
Autocorrelation, which is Norwegian Air 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 Norwegian Air's pink sheet expected returns. We can calculate the autocorrelation of Norwegian Air returns to help us make a trade decision. For example, suppose you find that Norwegian Air 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
Norwegian Air 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 Norwegian Air pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norwegian Air pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norwegian Air pink sheet over time.
Current vs Lagged Prices
Timeline
Norwegian Air Lagged Returns
When evaluating Norwegian Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norwegian Air pink sheet have on its future price. Norwegian Air 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, Norwegian Air autocorrelation shows the relationship between Norwegian Air pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Norwegian Air Shuttle.
Other Information on Investing in Norwegian Pink Sheet
Norwegian Air financial ratios help investors to determine whether Norwegian 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 Norwegian with respect to the benefits of owning Norwegian Air security.