Nidaros Sparebank (Norway) Market Value
| NISB Stock | NOK 101.00 0.80 0.79% |
| Symbol | Nidaros |
Nidaros Sparebank '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 Nidaros Sparebank'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 Nidaros Sparebank.
| 10/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in Nidaros Sparebank on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Nidaros Sparebank or generate 0.0% return on investment in Nidaros Sparebank over 60 days. Nidaros Sparebank is related to or competes with Sparebank, Pareto Bank, Aurskog Sparebank, SpareBank, Jaeren Sparebank, Skue Sparebank, and Lea Bank. Nidaros Sparebank, a savings bank, provides loans, savings, insurance, pension products, and payment services for privat... More
Nidaros Sparebank 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 Nidaros Sparebank'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 Nidaros Sparebank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.09 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.0 |
Nidaros Sparebank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nidaros Sparebank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nidaros Sparebank's standard deviation. In reality, there are many statistical measures that can use Nidaros Sparebank historical prices to predict the future Nidaros Sparebank's volatility.| Risk Adjusted Performance | 0.0574 | |||
| Jensen Alpha | 0.056 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2818 |
Nidaros Sparebank Backtested Returns
As of now, Nidaros Stock is very steady. Nidaros Sparebank has Sharpe Ratio of 0.0375, which conveys that the firm had a 0.0375% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nidaros Sparebank, which you can use to evaluate the volatility of the firm. Please verify Nidaros Sparebank's Mean Deviation of 0.5872, downside deviation of 1.32, and Risk Adjusted Performance of 0.0574 to check out if the risk estimate we provide is consistent with the expected return of 0.0451%. Nidaros Sparebank has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nidaros Sparebank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nidaros Sparebank is expected to be smaller as well. Nidaros Sparebank right now secures a risk of 1.2%. Please verify Nidaros Sparebank coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Nidaros Sparebank will be following its current price movements.
Auto-correlation | -0.59 |
Good reverse predictability
Nidaros Sparebank has good reverse predictability. Overlapping area represents the amount of predictability between Nidaros Sparebank time series from 16th of October 2024 to 15th of November 2024 and 15th of November 2024 to 15th 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 Nidaros Sparebank price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Nidaros Sparebank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Nidaros Sparebank lagged returns against current returns
Autocorrelation, which is Nidaros Sparebank 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 Nidaros Sparebank's stock expected returns. We can calculate the autocorrelation of Nidaros Sparebank returns to help us make a trade decision. For example, suppose you find that Nidaros Sparebank 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 |
Nidaros Sparebank 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 Nidaros Sparebank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nidaros Sparebank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nidaros Sparebank stock over time.
Current vs Lagged Prices |
| Timeline |
Nidaros Sparebank Lagged Returns
When evaluating Nidaros Sparebank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nidaros Sparebank stock have on its future price. Nidaros Sparebank 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, Nidaros Sparebank autocorrelation shows the relationship between Nidaros Sparebank stock current value and its past values and can show if there is a momentum factor associated with investing in Nidaros Sparebank.
Regressed Prices |
| Timeline |
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Nidaros Sparebank financial ratios help investors to determine whether Nidaros 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 Nidaros with respect to the benefits of owning Nidaros Sparebank security.