Norfolk Southern (Germany) Market Value
| NFS Stock | EUR 224.00 2.00 0.90% |
| Symbol | Norfolk |
Norfolk Southern '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 Southern'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 Norfolk Southern.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Norfolk Southern on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Norfolk Southern or generate 0.0% return on investment in Norfolk Southern over 180 days. Norfolk Southern is related to or competes with Union Pacific, Canadian National, CSX, MTR, CRRC, and Central Japan. Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, inter... More
Norfolk Southern 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 Southern'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 Norfolk Southern upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0.0006) | |||
| Maximum Drawdown | 15.7 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.72 |
Norfolk Southern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norfolk Southern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norfolk Southern's standard deviation. In reality, there are many statistical measures that can use Norfolk Southern historical prices to predict the future Norfolk Southern's volatility.| Risk Adjusted Performance | 0.0176 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.0009) | |||
| Treynor Ratio | 0.0188 |
Norfolk Southern Backtested Returns
At this point, Norfolk Southern is very steady. Norfolk Southern has Sharpe Ratio of 0.0206, which conveys that the firm had a 0.0206% return per unit of risk over the last 3 months. We have found thirty technical indicators for Norfolk Southern, which you can use to evaluate the volatility of the firm. Please verify Norfolk Southern's Risk Adjusted Performance of 0.0176, mean deviation of 1.29, and Downside Deviation of 1.61 to check out if the risk estimate we provide is consistent with the expected return of 0.0445%. Norfolk Southern has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.1, which conveys a somewhat significant risk relative to the market. Norfolk Southern returns are very sensitive to returns on the market. As the market goes up or down, Norfolk Southern is expected to follow. Norfolk Southern right now secures a risk of 2.16%. Please verify Norfolk Southern treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if Norfolk Southern will be following its current price movements.
Auto-correlation | 0.60 |
Good predictability
Norfolk Southern has good predictability. Overlapping area represents the amount of predictability between Norfolk Southern time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 Norfolk Southern price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Norfolk Southern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 195.1 |
Norfolk Southern lagged returns against current returns
Autocorrelation, which is Norfolk Southern 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 Norfolk Southern's stock expected returns. We can calculate the autocorrelation of Norfolk Southern returns to help us make a trade decision. For example, suppose you find that Norfolk Southern 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 |
Norfolk Southern 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 Southern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norfolk Southern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norfolk Southern stock over time.
Current vs Lagged Prices |
| Timeline |
Norfolk Southern Lagged Returns
When evaluating Norfolk Southern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norfolk Southern stock have on its future price. Norfolk Southern 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 Southern autocorrelation shows the relationship between Norfolk Southern stock current value and its past values and can show if there is a momentum factor associated with investing in Norfolk Southern.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Norfolk Stock
When determining whether Norfolk Southern offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Norfolk Southern's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Norfolk Southern Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Norfolk Southern Stock:Check out Norfolk Southern Correlation, Norfolk Southern Volatility and Norfolk Southern Alpha and Beta module to complement your research on Norfolk Southern. For more detail on how to invest in Norfolk Stock please use our How to Invest in Norfolk Southern guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Norfolk Southern technical stock 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, stock market cycles, or different charting patterns.