Nilfisk Holding (Denmark) Market Value
| NLFSK Stock | DKK 106.60 0.20 0.19% |
| 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.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Nilfisk Holding on October 31, 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 30 days. Nilfisk Holding is related to or competes with NKT AS, ISS AS, Demant AS, Matas AS, and FLSmidth. 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.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 13.17 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.03 |
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 | (0.11) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (1.18) |
Nilfisk Holding AS Backtested Returns
Nilfisk Holding AS has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Nilfisk Holding exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nilfisk Holding's Standard Deviation of 2.04, mean deviation of 1.3, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nilfisk Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nilfisk Holding is expected to be smaller as well. At this point, Nilfisk Holding AS has a negative expected return of -0.33%. Please make sure to verify Nilfisk Holding's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Nilfisk Holding AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Nilfisk Holding AS has modest predictability. Overlapping area represents the amount of predictability between Nilfisk Holding time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 0.53 indicates that about 53.0% of current Nilfisk Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 3.84 |
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 |
Pair Trading with Nilfisk Holding
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 Nilfisk Holding 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 Nilfisk Holding will appreciate offsetting losses from the drop in the long position's value.Moving together with Nilfisk Stock
Moving against Nilfisk Stock
The ability to find closely correlated positions to Nilfisk Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nilfisk Holding 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 Nilfisk Holding - 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 Nilfisk Holding AS to buy it.
The correlation of Nilfisk Holding 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 Nilfisk Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nilfisk Holding AS 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 Nilfisk Holding 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 Nilfisk Stock
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.