NN Group (Netherlands) Market Value
| NN Stock | EUR 42.23 0.16 0.38% |
| Symbol | NN Group |
NN 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 NN 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 NN Group.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in NN Group on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding NN Group NV or generate 0.0% return on investment in NN Group over 30 days. NN Group is related to or competes with Aegon NV, Koninklijke Ahold, and ABN Amro. NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands, rest of Euro... More
NN 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 NN 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 NN Group NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.1054 | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.21 |
NN Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NN Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NN Group's standard deviation. In reality, there are many statistical measures that can use NN Group historical prices to predict the future NN Group's volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.1734 | |||
| Total Risk Alpha | 0.0904 | |||
| Sortino Ratio | 0.1212 | |||
| Treynor Ratio | 0.5895 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NN Group'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.
NN Group NV Backtested Returns
NN Group appears to be very steady, given 3 months investment horizon. NN Group NV retains Efficiency (Sharpe Ratio) of 0.16, which conveys that the firm had a 0.16% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for NN Group, which you can use to evaluate the volatility of the firm. Please exercise NN Group's Mean Deviation of 0.7993, market risk adjusted performance of 0.5995, and Standard Deviation of 1.35 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NN Group holds a performance score of 12. The company owns a Beta (Systematic Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NN Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding NN Group is expected to be smaller as well. Please check NN Group's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether NN Group's current price history will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
NN Group NV has weak reverse predictability. Overlapping area represents the amount of predictability between NN Group time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 NN Group NV price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current NN Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
NN Group NV lagged returns against current returns
Autocorrelation, which is NN 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 NN Group's stock expected returns. We can calculate the autocorrelation of NN Group returns to help us make a trade decision. For example, suppose you find that NN 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 |
NN 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 NN Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NN Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NN Group stock over time.
Current vs Lagged Prices |
| Timeline |
NN Group Lagged Returns
When evaluating NN Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NN Group stock have on its future price. NN 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, NN Group autocorrelation shows the relationship between NN Group stock current value and its past values and can show if there is a momentum factor associated with investing in NN Group NV.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NN Group in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NN Group's short interest history, or implied volatility extrapolated from NN Group options trading.
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Try AI Portfolio ArchitectCheck out NN Group Correlation, NN Group Volatility and NN Group Alpha and Beta module to complement your research on NN Group. Note that the NN Group NV information on this page should be used as a complementary analysis to other NN Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for NN Group Stock analysis
When running NN Group's price analysis, check to measure NN Group'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 NN Group is operating at the current time. Most of NN Group's value examination focuses on studying past and present price action to predict the probability of NN Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NN Group's price. Additionally, you may evaluate how the addition of NN Group to your portfolios can decrease your overall portfolio volatility.
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NN Group 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.