Nilfisk Holding (Denmark) Market Value
| NLFSK Stock | DKK 151.40 1.00 0.66% |
| Symbol | Nilfisk |
Nilfisk Holding '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 Nilfisk Holding'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 Nilfisk Holding.
| 04/12/2024 |
| 06/11/2024 |
If you would invest 0.00 in Nilfisk Holding on April 12, 2024 and sell it all today you would earn a total of 0.00 from holding Nilfisk Holding AS or generate 0.0% return on investment in Nilfisk Holding over 60 days. Nilfisk Holding is related to or competes with CBrain AS, Netcompany Group, and ChemoMetec. Nilfisk Holding AS manufactures and sells cleaning products and services worldwide More
Nilfisk Holding 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 Nilfisk Holding'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 Nilfisk Holding AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.1504 | |||
| Maximum Drawdown | 10.1 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 3.32 |
Nilfisk Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nilfisk Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nilfisk Holding's standard deviation. In reality, there are many statistical measures that can use Nilfisk Holding historical prices to predict the future Nilfisk Holding's volatility.| Risk Adjusted Performance | 0.1016 | |||
| Jensen Alpha | 0.2645 | |||
| Total Risk Alpha | 0.2815 | |||
| Sortino Ratio | 0.1862 | |||
| Treynor Ratio | (1.92) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nilfisk Holding'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.
Nilfisk Holding AS Backtested Returns
Nilfisk Holding appears to be very steady, given 3 months investment horizon. Nilfisk Holding AS 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. We have found twenty-nine technical indicators for Nilfisk Holding, which you can use to evaluate the volatility of the firm. Please exercise Nilfisk Holding's Downside Deviation of 1.45, mean deviation of 1.34, and Risk Adjusted Performance of 0.1016 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nilfisk Holding holds a performance score of 9. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nilfisk Holding are expected to decrease at a much lower rate. During the bear market, Nilfisk Holding is likely to outperform the market. Please check Nilfisk Holding's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Nilfisk Holding's current price movements will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Nilfisk Holding AS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nilfisk Holding time series from 12th of April 2024 to 12th of May 2024 and 12th of May 2024 to 11th of June 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 Nilfisk Holding AS price movement. The serial correlation of -0.78 indicates that around 78.0% of current Nilfisk Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 11.55 |
Nilfisk Holding AS lagged returns against current returns
Autocorrelation, which is Nilfisk Holding 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 Nilfisk Holding's stock expected returns. We can calculate the autocorrelation of Nilfisk Holding returns to help us make a trade decision. For example, suppose you find that Nilfisk Holding 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 |
Nilfisk Holding 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 Nilfisk Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nilfisk Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nilfisk Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Nilfisk Holding Lagged Returns
When evaluating Nilfisk Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nilfisk Holding stock have on its future price. Nilfisk Holding 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, Nilfisk Holding autocorrelation shows the relationship between Nilfisk Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Nilfisk Holding AS.
Regressed Prices |
| Timeline |
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Nilfisk Holding financial ratios help investors to determine whether Nilfisk Stock 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 Nilfisk with respect to the benefits of owning Nilfisk Holding security.