NORFOLK SOUTHN P Market Value
| 655844AX6 | 103.51 0.15 0.15% |
| Symbol | NORFOLK |
NORFOLK '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 NORFOLK's bond 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 NORFOLK.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in NORFOLK on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding NORFOLK SOUTHN P or generate 0.0% return on investment in NORFOLK over 30 days. NORFOLK is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
NORFOLK 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 NORFOLK's bond 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 NORFOLK SOUTHN P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6738 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.61 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.1 |
NORFOLK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORFOLK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORFOLK's standard deviation. In reality, there are many statistical measures that can use NORFOLK historical prices to predict the future NORFOLK's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | 0.0128 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.01) |
NORFOLK SOUTHN P Backtested Returns
NORFOLK SOUTHN P has Sharpe Ratio of -0.14, which conveys that the entity had a -0.14% return per unit of standard deviation over the last 3 months. NORFOLK exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORFOLK's Market Risk Adjusted Performance of 8.0E-4, mean deviation of 0.5332, and Risk Adjusted Performance of 0.011 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.0982, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NORFOLK are expected to decrease at a much lower rate. During the bear market, NORFOLK is likely to outperform the market.
Auto-correlation | 0.36 |
Below average predictability
NORFOLK SOUTHN P has below average predictability. Overlapping area represents the amount of predictability between NORFOLK 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 NORFOLK SOUTHN P price movement. The serial correlation of 0.36 indicates that just about 36.0% of current NORFOLK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
NORFOLK SOUTHN P lagged returns against current returns
Autocorrelation, which is NORFOLK bond'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 NORFOLK's bond expected returns. We can calculate the autocorrelation of NORFOLK returns to help us make a trade decision. For example, suppose you find that NORFOLK has exhibited high autocorrelation historically, and you observe that the bond 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 |
NORFOLK 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 NORFOLK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORFOLK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORFOLK bond over time.
Current vs Lagged Prices |
| Timeline |
NORFOLK Lagged Returns
When evaluating NORFOLK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORFOLK bond have on its future price. NORFOLK 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, NORFOLK autocorrelation shows the relationship between NORFOLK bond current value and its past values and can show if there is a momentum factor associated with investing in NORFOLK SOUTHN P.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in NORFOLK Bond
NORFOLK financial ratios help investors to determine whether NORFOLK Bond 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 NORFOLK with respect to the benefits of owning NORFOLK security.