Norse Atlantic Asa Stock Market Value
| NRSAF Stock | USD 2.05 0.96 88.07% |
| Symbol | Norse |
Norse Atlantic '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 Norse Atlantic's otc 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 Norse Atlantic.
| 04/17/2024 |
| 06/16/2024 |
If you would invest 0.00 in Norse Atlantic on April 17, 2024 and sell it all today you would earn a total of 0.00 from holding Norse Atlantic ASA or generate 0.0% return on investment in Norse Atlantic over 60 days. Norse Atlantic is related to or competes with HUMANA, SCOR PK, Via Renewables, Bondbloxx ETF, Aston Martin, Ampleforth, and Appia Energy. It focuses on serving various destinations between Europe and the United States, including New York, Florida, Paris, Lon... More
Norse Atlantic 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 Norse Atlantic's otc 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 Norse Atlantic ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.3 | |||
| Information Ratio | 0.0991 | |||
| Maximum Drawdown | 34.18 | |||
| Value At Risk | (7.19) | |||
| Potential Upside | 11.43 |
Norse Atlantic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norse Atlantic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norse Atlantic's standard deviation. In reality, there are many statistical measures that can use Norse Atlantic historical prices to predict the future Norse Atlantic's volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 0.6005 | |||
| Total Risk Alpha | 0.3318 | |||
| Sortino Ratio | 0.0642 | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Norse Atlantic'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.
Norse Atlantic ASA Backtested Returns
Norse Atlantic is abnormally volatile given 3 months investment horizon. Norse Atlantic ASA has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.32% are justified by taking the suggested risk. Use Norse Atlantic ASA Mean Deviation of 2.71, downside deviation of 8.3, and Risk Adjusted Performance of 0.0825 to evaluate company specific risk that cannot be diversified away. Norse Atlantic holds a performance score of 14 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.26, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Norse Atlantic are expected to decrease by larger amounts. On the other hand, during market turmoil, Norse Atlantic is expected to outperform it. Use Norse Atlantic ASA maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to analyze future returns on Norse Atlantic ASA.
Auto-correlation | 0.40 |
Average predictability
Norse Atlantic ASA has average predictability. Overlapping area represents the amount of predictability between Norse Atlantic time series from 17th of April 2024 to 17th of May 2024 and 17th of May 2024 to 16th of June 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 Norse Atlantic ASA price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Norse Atlantic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Norse Atlantic ASA lagged returns against current returns
Autocorrelation, which is Norse Atlantic otc 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 Norse Atlantic's otc stock expected returns. We can calculate the autocorrelation of Norse Atlantic returns to help us make a trade decision. For example, suppose you find that Norse Atlantic has exhibited high autocorrelation historically, and you observe that the otc 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 |
Norse Atlantic 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 Norse Atlantic otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norse Atlantic otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norse Atlantic otc stock over time.
Current vs Lagged Prices |
| Timeline |
Norse Atlantic Lagged Returns
When evaluating Norse Atlantic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norse Atlantic otc stock have on its future price. Norse Atlantic 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, Norse Atlantic autocorrelation shows the relationship between Norse Atlantic otc stock current value and its past values and can show if there is a momentum factor associated with investing in Norse Atlantic ASA.
Regressed Prices |
| Timeline |
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Other Information on Investing in Norse OTC Stock
Norse Atlantic financial ratios help investors to determine whether Norse OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Norse with respect to the benefits of owning Norse Atlantic security.