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Nordea Backtesting

NDI
NDIVOMKL -- Denmark Stock  

DKK 86.56  2.14  2.41%

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

Nordea Inv 'What if' Analysis

0.00
12/29/2019
No Change 0.00  0.0 
In 3 months and 1 day
03/28/2020
0.00
If you would invest  0.00  in Nordea Inv on December 29, 2019 and sell it all today you would earn a total of 0.00 from holding Nordea Inv Verdens Obl Marked or generate 0.0% return on investment in Nordea Inv over 90 days. Nordea Inv is related to or competes with DSV Panalpina, Genmab AS, and Netcompany Group. Nordea Invest - Verdens Obligationsmarkeder is headquartered in Stockholm, Stockholm County, Sweden

Nordea Inv Upside/Downside Indicators

Information Ratio(0.25)
Maximum Drawdown17.31
Value At Risk(15.72)
Potential Upside2.47

Nordea Inv Market Premium Indicators

Risk Adjusted Performance(1.12)
Jensen Alpha(1.07)
Total Risk Alpha(1.04)
Treynor Ratio8.61

Nordea Inv Verdens Backtested Returns

Macroaxis considers Nordea Inv to be not too volatile. Nordea Inv Verdens has Sharpe Ratio of -0.2821, which conveys that the firm had -0.2821% 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 Inv exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nordea Inv Verdens Obl Marked Mean Deviation of 2.27 and Risk Adjusted Performance of (1.12) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1242, which conveys that as returns on market increase, returns on owning Nordea Inv are expected to decrease at a much smaller rate. During bear market, Nordea Inv is likely to outperform the market. Even though it is essential to pay attention to Nordea Inv Verdens 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 Inv exposes twenty-one different technical indicators, which can help you to evaluate its performance. Nordea Inv Verdens has an expected return of -1.1585%. Please be advised to verify Nordea Inv Verdens Obl Marked Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Nordea Inv Verdens stock performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.07 
correlation synergy

Virtually no predictability

Nordea Inv Verdens Obl Marked has virtually no predictability. Overlapping area represents the amount of predictability between Nordea Inv time series from December 29, 2019 to February 12, 2020 and February 12, 2020 to March 28, 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 Inv Verdens price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Nordea Inv price fluctuation can be explain by its past prices.
Correlation Coefficient0.07
Spearman Rank Test-0.6
Residual Average0.0
Price Variance0.34

Nordea Inv Verdens lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Nordea Inv regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Nordea Inv Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - NDIVOMKL

Nordea Inv Verdens Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Nordea Inv Verdens Obl Marked. What is your trading attitude regarding investing in Nordea Inv Verdens Obl Marked? Are you bullish or bearish?
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Additionally, see Nordea Inv Hype Analysis, Nordea Inv Correlation, Nordea Inv Valuation, Nordea Inv Volatility as well as analyze Nordea Inv Alpha and Beta and Nordea Inv Performance. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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