NRC Group (Norway) Market Value
| NRC Stock | NOK 4.96 0.13 2.69% |
| Symbol | NRC |
NRC Group '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 NRC Group'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 NRC Group.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in NRC Group on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding NRC Group ASA or generate 0.0% return on investment in NRC Group over 720 days. NRC Group is related to or competes with DnB ASA, Orkla ASA, Storebrand ASA, Yara International, and Telenor ASA. NRC Group ASA, together with its subsidiaries, engages in the infrastructure business in Norway, Sweden, and Finland More
NRC Group 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 NRC Group'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 NRC Group ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.11 | |||
| Information Ratio | 0.0802 | |||
| Maximum Drawdown | 15.65 | |||
| Value At Risk | (6.49) | |||
| Potential Upside | 6.67 |
NRC Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NRC Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NRC Group's standard deviation. In reality, there are many statistical measures that can use NRC Group historical prices to predict the future NRC Group's volatility.| Risk Adjusted Performance | 0.0781 | |||
| Jensen Alpha | 0.3461 | |||
| Total Risk Alpha | 0.2261 | |||
| Sortino Ratio | 0.0777 | |||
| Treynor Ratio | (2.24) |
NRC Group ASA Backtested Returns
NRC Group appears to be relatively risky, given 3 months investment horizon. NRC Group ASA retains Efficiency (Sharpe Ratio) of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing NRC Group's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise NRC Group's Semi Deviation of 3.71, market risk adjusted performance of (2.23), and Mean Deviation of 3.23 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NRC Group holds a performance score of 10. The company owns a Beta (Systematic Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NRC Group are expected to decrease at a much lower rate. During the bear market, NRC Group is likely to outperform the market. Please check NRC Group's coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to make a quick decision on whether NRC Group's current price history will revert.
Auto-correlation | 0.10 |
Insignificant predictability
NRC Group ASA has insignificant predictability. Overlapping area represents the amount of predictability between NRC Group time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 NRC Group ASA price movement. The serial correlation of 0.1 indicates that less than 10.0% of current NRC Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 9.15 |
NRC Group ASA lagged returns against current returns
Autocorrelation, which is NRC Group 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 NRC Group's stock expected returns. We can calculate the autocorrelation of NRC Group returns to help us make a trade decision. For example, suppose you find that NRC Group 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 |
NRC Group 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 NRC Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NRC Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NRC Group stock over time.
Current vs Lagged Prices |
| Timeline |
NRC Group Lagged Returns
When evaluating NRC Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NRC Group stock have on its future price. NRC Group 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, NRC Group autocorrelation shows the relationship between NRC Group stock current value and its past values and can show if there is a momentum factor associated with investing in NRC Group ASA.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in NRC Stock
NRC Group financial ratios help investors to determine whether NRC 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 NRC with respect to the benefits of owning NRC Group security.