Nordnet AB (Sweden) Market Value
| SAVE Stock | SEK 227.80 4.40 1.97% |
| Symbol | Nordnet |
Nordnet AB '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 Nordnet AB'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 Nordnet AB.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Nordnet AB on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nordnet AB or generate 0.0% return on investment in Nordnet AB over 30 days. Nordnet AB is related to or competes with Avanza Bank, NIBE Industrier, Sinch AB, Axfood AB, and EQT AB. Nordnet AB engages in the investments and savings, pensions, and loans businesses in Sweden, Norway, Denmark, and Finlan... More
Nordnet AB 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 Nordnet AB'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 Nordnet AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.86 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.26 |
Nordnet AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordnet AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordnet AB's standard deviation. In reality, there are many statistical measures that can use Nordnet AB historical prices to predict the future Nordnet AB's volatility.| Risk Adjusted Performance | 0.0021 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.02) |
Nordnet AB Backtested Returns
Currently, Nordnet AB is very steady. Nordnet AB has Sharpe Ratio of 0.0139, which conveys that the firm had a 0.0139% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Nordnet AB, which you can use to evaluate the volatility of the firm. Please verify Nordnet AB's Standard Deviation of 1.59, risk adjusted performance of 0.0021, and Mean Deviation of 1.12 to check out if the risk estimate we provide is consistent with the expected return of 0.0225%. Nordnet AB has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nordnet AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordnet AB is expected to be smaller as well. Nordnet AB right now secures a risk of 1.62%. Please verify Nordnet AB skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Nordnet AB will be following its current price movements.
Auto-correlation | -0.57 |
Good reverse predictability
Nordnet AB has good reverse predictability. Overlapping area represents the amount of predictability between Nordnet AB time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Nordnet AB price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Nordnet AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 22.87 |
Nordnet AB lagged returns against current returns
Autocorrelation, which is Nordnet AB 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 Nordnet AB's stock expected returns. We can calculate the autocorrelation of Nordnet AB returns to help us make a trade decision. For example, suppose you find that Nordnet AB 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 |
| Timeline |
Nordnet AB 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 Nordnet AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordnet AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordnet AB stock over time.
Current vs Lagged Prices |
| Timeline |
Nordnet AB Lagged Returns
When evaluating Nordnet AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordnet AB stock have on its future price. Nordnet AB 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, Nordnet AB autocorrelation shows the relationship between Nordnet AB stock current value and its past values and can show if there is a momentum factor associated with investing in Nordnet AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Nordnet Stock Analysis
When running Nordnet AB's price analysis, check to measure Nordnet AB'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 Nordnet AB is operating at the current time. Most of Nordnet AB's value examination focuses on studying past and present price action to predict the probability of Nordnet AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordnet AB's price. Additionally, you may evaluate how the addition of Nordnet AB to your portfolios can decrease your overall portfolio volatility.