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Nordea Backtesting

<div class='circular--portrait' style='background:#000000;color: white;font-size:3em;padding-top: 40px;;'>NDI</div>
NDIEMKL -- Denmark Stock  

DKK 117.40  2.50  2.18%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Nordea Invest Emerging Markets and determine expected loss or profit from investing in Nordea Invest over given investment horizon. Additionally, see Nordea Invest Hype Analysis, Nordea Invest Correlation, Nordea Invest Valuation, Nordea Invest Volatility as well as analyze Nordea Invest Alpha and Beta and Nordea Invest Performance.
Symbol
Backtest

Nordea Invest 'What if' Analysis

0.00
01/06/2020
No Change 0.00  0.0 
In 3 months and 1 day
04/05/2020
0.00
If you would invest  0.00  in Nordea Invest on January 6, 2020 and sell it all today you would earn a total of 0.00 from holding Nordea Invest Emerging Markets or generate 0.0% return on investment in Nordea Invest over 90 days. Nordea Invest is related to or competes with DSV Panalpina, Genmab AS, and Sydbank AS. Nordea Invest Emerging Markets is an open-ended equity mutual fund launched and managed by Nordea Invest Fund Management...

Nordea Invest Upside/Downside Indicators

Information Ratio(0.11)
Maximum Drawdown26.02
Value At Risk(18.47)
Potential Upside10.24

Nordea Invest Market Premium Indicators

Risk Adjusted Performance(0.64)
Jensen Alpha(1.27)
Total Risk Alpha(0.44)
Treynor Ratio5.81

Nordea Invest Emerging Backtested Returns

Macroaxis considers Nordea Invest to be not too volatile. Nordea Invest Emerging has Sharpe Ratio of -0.3024, which conveys that the firm had -0.3024% of return per unit of risk over the last 3 months. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Nordea Invest exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nordea Invest Emerging Markets Mean Deviation of 5.13 and Risk Adjusted Performance of (0.64) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.2042, which conveys that as returns on market increase, returns on owning Nordea Invest are expected to decrease at a much smaller rate. During bear market, Nordea Invest is likely to outperform the market. Even though it is essential to pay attention to Nordea Invest Emerging price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Nordea Invest exposes twenty-one different technical indicators, which can help you to evaluate its performance. Nordea Invest Emerging has an expected return of -1.9898%. Please be advised to verify Nordea Invest Emerging Markets Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if Nordea Invest Emerging stock performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.57 
correlation synergy

Modest predictability

Nordea Invest Emerging Markets has modest predictability. Overlapping area represents the amount of predictability between Nordea Invest time series from 6th of January 2020 to 20th of February 2020 and 20th of February 2020 to 5th of April 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nordea Invest Emerging price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Nordea Invest price fluctuation can be explain by its past prices.
Correlation Coefficient0.57
Spearman Rank Test0.25
Residual Average0.0
Price Variance165.07

Nordea Invest Emerging lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Nordea Invest regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Nordea Invest Lagged Returns

 Regressed Prices 
    
  Timeline 

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Additionally, see Nordea Invest Hype Analysis, Nordea Invest Correlation, Nordea Invest Valuation, Nordea Invest Volatility as well as analyze Nordea Invest Alpha and Beta and Nordea Invest Performance. Please also try Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page