Nordea Bank Abp Stock Market Value
| NRDBY Stock | USD 12.28 0.20 1.66% |
| Symbol | Nordea |
Nordea Bank '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 Nordea Bank'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 Nordea Bank.
| 05/03/2024 |
| 06/02/2024 |
If you would invest 0.00 in Nordea Bank on May 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nordea Bank Abp or generate 0.0% return on investment in Nordea Bank over 30 days. Nordea Bank is related to or competes with United Overseas, KBC Groep, Bank Mandiri, Swedbank, DBS Group, Israel Discount, and Baraboo Bancorporation. Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally More
Nordea Bank 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 Nordea Bank'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 Nordea Bank Abp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.58 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.03 |
Nordea Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordea Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordea Bank's standard deviation. In reality, there are many statistical measures that can use Nordea Bank historical prices to predict the future Nordea Bank's volatility.| Risk Adjusted Performance | 0.0106 | |||
| Jensen Alpha | 8.0E-4 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0688 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nordea Bank'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.
Nordea Bank Abp Backtested Returns
We consider Nordea Bank not too volatile. Nordea Bank Abp has Sharpe Ratio of 0.0072, which conveys that the firm had a 0.0072% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nordea Bank, which you can use to evaluate the volatility of the firm. Please verify Nordea Bank's Risk Adjusted Performance of 0.0106, mean deviation of 1.15, and Downside Deviation of 1.93 to check out if the risk estimate we provide is consistent with the expected return of 0.0116%. The company secures a Beta (Market Risk) of 0.0235, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nordea Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordea Bank is expected to be smaller as well. Nordea Bank Abp right now secures a risk of 1.6%. Please verify Nordea Bank Abp potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Nordea Bank Abp will be following its current price movements.
Auto-correlation | -0.38 |
Poor reverse predictability
Nordea Bank Abp has poor reverse predictability. Overlapping area represents the amount of predictability between Nordea Bank time series from 3rd of May 2024 to 18th of May 2024 and 18th of May 2024 to 2nd 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 Nordea Bank Abp price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Nordea Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nordea Bank Abp lagged returns against current returns
Autocorrelation, which is Nordea Bank 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 Nordea Bank's pink sheet expected returns. We can calculate the autocorrelation of Nordea Bank returns to help us make a trade decision. For example, suppose you find that Nordea Bank 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 |
Nordea Bank 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 Nordea Bank pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordea Bank pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordea Bank pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nordea Bank Lagged Returns
When evaluating Nordea Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordea Bank pink sheet have on its future price. Nordea Bank 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, Nordea Bank autocorrelation shows the relationship between Nordea Bank pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nordea Bank Abp.
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.Check out Nordea Bank Correlation, Nordea Bank Volatility and Nordea Bank Alpha and Beta module to complement your research on Nordea Bank. Note that the Nordea Bank Abp information on this page should be used as a complementary analysis to other Nordea Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Nordea Pink Sheet analysis
When running Nordea Bank's price analysis, check to measure Nordea Bank'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 Nordea Bank is operating at the current time. Most of Nordea Bank's value examination focuses on studying past and present price action to predict the probability of Nordea Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordea Bank's price. Additionally, you may evaluate how the addition of Nordea Bank to your portfolios can decrease your overall portfolio volatility.
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Nordea Bank technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.