Nordea Bank (Denmark) Market Value
| NDA-DK Stock | 80.32 0.44 0.55% |
| 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 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 Nordea Bank.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Nordea Bank on December 13, 2022 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 720 days. Nordea Bank is related to or competes with Jyske Bank, Tryg AS, Danske Bank, ISS AS, and FLSmidth. 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 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 Nordea Bank Abp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9802 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.98 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.65 |
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 | 0.0116 | |||
| Jensen Alpha | 0.0035 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.39) |
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
At this point, Nordea Bank is very steady. Nordea Bank Abp has Sharpe Ratio of 0.0274, which conveys that the firm had a 0.0274% return per unit of risk over the last 3 months. We have found twenty-eight 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 0.0116, downside deviation of 0.9802, and Mean Deviation of 0.8577 to check out if the risk estimate we provide is consistent with the expected return of 0.0336%. Nordea Bank has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0067, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordea Bank are expected to decrease at a much lower rate. During the bear market, Nordea Bank is likely to outperform the market. Nordea Bank Abp right now secures a risk of 1.22%. Please verify Nordea Bank Abp sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Nordea Bank Abp will be following its current price movements.
Auto-correlation | -0.32 |
Poor reverse predictability
Nordea Bank Abp has poor reverse predictability. Overlapping area represents the amount of predictability between Nordea Bank time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 -0.32 indicates that nearly 32.0% of current Nordea Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 6.85 |
Nordea Bank Abp lagged returns against current returns
Autocorrelation, which is Nordea Bank 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 Nordea Bank's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordea Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordea Bank stock 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 stock 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 stock 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 |
Pair Trading with Nordea Bank
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nordea Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nordea Bank will appreciate offsetting losses from the drop in the long position's value.Moving against Nordea Stock
| 0.49 | SBS | Scandinavian Brake | PairCorr |
| 0.44 | DFDS | DFDS AS | PairCorr |
| 0.4 | MONSO | Monsenso AS | PairCorr |
| 0.37 | CBRAIN | cBrain AS | PairCorr |
| 0.34 | PNDORA | Pandora AS | PairCorr |
The ability to find closely correlated positions to Nordea Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordea Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nordea Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nordea Bank Abp to buy it.
The correlation of Nordea Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nordea Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordea Bank Abp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nordea Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Nordea Stock
Nordea Bank financial ratios help investors to determine whether Nordea 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 Nordea with respect to the benefits of owning Nordea Bank security.