NTG Nordic Backtesting

<div class='circular--portrait' style='background:#0D8ECF;color: white;font-size:3em;padding-top: 40px;;'>NTG</div>
NTG -- Denmark Stock  

DKK 92.60  3.60  4.04%

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

NTG Nordic 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in NTG Nordic on January 4, 2020 and sell it all today you would earn a total of 0.00 from holding NTG Nordic Transport Group AS or generate 0.0% return on investment in NTG Nordic over 90 days. NTG Nordic is related to or competes with DSV Panalpina, and . NTG Nordic Transport Group AS provides transportation services in Europe and internationally

NTG Nordic Upside/Downside Indicators

Downside Deviation6.18
Information Ratio0.1063
Maximum Drawdown32.9
Value At Risk(11.57)
Potential Upside7.8

NTG Nordic Market Premium Indicators

Risk Adjusted Performance0.1507
Jensen Alpha0.0819
Total Risk Alpha0.7256
Sortino Ratio0.0925
Treynor Ratio(0.63)

NTG Nordic Transport Backtested Returns

We consider NTG Nordic not too volatile. NTG Nordic Transport has Sharpe Ratio of 0.0037, which conveys that the firm had 0.0037% of return per unit of risk over the last 3 months. Our philosophy in estimating volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for NTG Nordic, which you can use to evaluate future volatility of the firm. Please verify NTG Nordic Transport Group AS Mean Deviation of 3.59 and Risk Adjusted Performance of 0.1507 to check out if the risk estimate we provide is consistent with the expected return of 0.0204%. The company secures a Beta (Market Risk) of -0.3146, which conveys that as returns on market increase, returns on owning NTG Nordic are expected to decrease at a much smaller rate. During bear market, NTG Nordic is likely to outperform the market. Although it is extremely important to respect NTG Nordic Transport price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy in estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting NTG Nordic Transport technical indicators you can now evaluate if the expected return of 0.0204% will be sustainable into the future. NTG Nordic Transport currently secures a risk of 5.54%. Please verify NTG Nordic Transport Group AS Downside Deviation, Standard Deviation, Information Ratio, as well as the relationship between Coefficient Of Variation and Variance to decide if NTG Nordic Transport Group AS will be following its current price movements.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.24 
correlation synergy

Weak predictability

NTG Nordic Transport Group AS has weak predictability. Overlapping area represents the amount of predictability between NTG Nordic time series from 4th of January 2020 to 18th of February 2020 and 18th of February 2020 to 3rd 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 NTG Nordic Transport price movement. The serial correlation of 0.24 indicates that over 24.0% of current NTG Nordic price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test0.35
Residual Average0.0
Price Variance275.78

NTG Nordic Transport lagged returns against current returns

 Current and Lagged Values 

NTG Nordic regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NTG Nordic Lagged Returns

 Regressed Prices 

Current Sentiment - NTG

NTG Nordic Transport Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in NTG Nordic Transport Group AS. What is your trading attitude regarding investing in NTG Nordic Transport Group AS? Are you bullish or bearish?
50% Bullish
50% Bearish

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see NTG Nordic Hype Analysis, NTG Nordic Correlation, NTG Nordic Valuation, NTG Nordic Volatility as well as analyze NTG Nordic Alpha and Beta and NTG Nordic Performance. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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