Nordic Semiconductor Asa Stock Market Value
| NRSDY Stock | USD 8.55 0.38 4.26% |
| Symbol | Nordic |
Nordic Semiconductor '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 Nordic Semiconductor's pink sheet 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 Nordic Semiconductor.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Nordic Semiconductor on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Nordic Semiconductor ASA or generate 0.0% return on investment in Nordic Semiconductor over 180 days. Nordic Semiconductor is related to or competes with Alphawave, Arteris, Intchains Group, Guerrilla, and NVE. Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, markets, and sells integrated circuits and... More
Nordic Semiconductor 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 Nordic Semiconductor's pink sheet 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 Nordic Semiconductor ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 20.53 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 2.38 |
Nordic Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Semiconductor's standard deviation. In reality, there are many statistical measures that can use Nordic Semiconductor historical prices to predict the future Nordic Semiconductor's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 2.47 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nordic Semiconductor'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.
Nordic Semiconductor ASA Backtested Returns
Nordic Semiconductor ASA has Sharpe Ratio of -0.075, which conveys that the firm had a -0.075% return per unit of risk over the last 3 months. Nordic Semiconductor exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Semiconductor's Standard Deviation of 2.92, mean deviation of 1.1, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0928, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordic Semiconductor are expected to decrease at a much lower rate. During the bear market, Nordic Semiconductor is likely to outperform the market. At this point, Nordic Semiconductor ASA has a negative expected return of -0.22%. Please make sure to verify Nordic Semiconductor's total risk alpha and rate of daily change , to decide if Nordic Semiconductor ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Nordic Semiconductor ASA has very weak reverse predictability. Overlapping area represents the amount of predictability between Nordic Semiconductor time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Nordic Semiconductor ASA price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Nordic Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Nordic Semiconductor ASA lagged returns against current returns
Autocorrelation, which is Nordic Semiconductor pink sheet'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 Nordic Semiconductor's pink sheet expected returns. We can calculate the autocorrelation of Nordic Semiconductor returns to help us make a trade decision. For example, suppose you find that Nordic Semiconductor has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nordic Semiconductor 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 Nordic Semiconductor pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Semiconductor pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Semiconductor pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nordic Semiconductor Lagged Returns
When evaluating Nordic Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Semiconductor pink sheet have on its future price. Nordic Semiconductor 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, Nordic Semiconductor autocorrelation shows the relationship between Nordic Semiconductor pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nordic Semiconductor ASA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Nordic Pink Sheet Analysis
When running Nordic Semiconductor's price analysis, check to measure Nordic Semiconductor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nordic Semiconductor is operating at the current time. Most of Nordic Semiconductor's value examination focuses on studying past and present price action to predict the probability of Nordic Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic Semiconductor's price. Additionally, you may evaluate how the addition of Nordic Semiconductor to your portfolios can decrease your overall portfolio volatility.