Nordic Flanges (Sweden) Market Value
| NFGAB Stock | SEK 11.40 0.60 5.56% |
| Symbol | Nordic |
Nordic Flanges '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 Nordic Flanges' 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 Nordic Flanges.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Nordic Flanges on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Nordic Flanges Group or generate 0.0% return on investment in Nordic Flanges over 90 days. Nordic Flanges is related to or competes with NetJobs Group, Nicoccino Holding, and Ellen AB. Nordic Flanges Group AB produces and sells industrial flanges in Sweden, rest of the Nordic region, and internationally More
Nordic Flanges 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 Nordic Flanges' 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 Nordic Flanges Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.39 | |||
| Information Ratio | 0.0621 | |||
| Maximum Drawdown | 28.4 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 6.08 |
Nordic Flanges Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Flanges' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic Flanges' standard deviation. In reality, there are many statistical measures that can use Nordic Flanges historical prices to predict the future Nordic Flanges' volatility.| Risk Adjusted Performance | 0.1044 | |||
| Jensen Alpha | 0.3394 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0724 | |||
| Treynor Ratio | 0.9333 |
Nordic Flanges Group Backtested Returns
Nordic Flanges appears to be somewhat reliable, given 3 months investment horizon. Nordic Flanges Group has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Nordic Flanges, which you can use to evaluate the volatility of the firm. Please exercise Nordic Flanges' Downside Deviation of 3.39, mean deviation of 2.7, and Risk Adjusted Performance of 0.1044 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nordic Flanges holds a performance score of 8. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nordic Flanges' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordic Flanges is expected to be smaller as well. Please check Nordic Flanges' treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether Nordic Flanges' current price movements will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Nordic Flanges Group has modest reverse predictability. Overlapping area represents the amount of predictability between Nordic Flanges time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nordic Flanges Group price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Nordic Flanges price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Nordic Flanges Group lagged returns against current returns
Autocorrelation, which is Nordic Flanges 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 Nordic Flanges' stock expected returns. We can calculate the autocorrelation of Nordic Flanges returns to help us make a trade decision. For example, suppose you find that Nordic Flanges 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 |
Nordic Flanges 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 Nordic Flanges stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic Flanges stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic Flanges stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic Flanges Lagged Returns
When evaluating Nordic Flanges' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic Flanges stock have on its future price. Nordic Flanges 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, Nordic Flanges autocorrelation shows the relationship between Nordic Flanges stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic Flanges Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nordic Stock Analysis
When running Nordic Flanges' price analysis, check to measure Nordic Flanges' 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 Nordic Flanges is operating at the current time. Most of Nordic Flanges' value examination focuses on studying past and present price action to predict the probability of Nordic Flanges' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic Flanges' price. Additionally, you may evaluate how the addition of Nordic Flanges to your portfolios can decrease your overall portfolio volatility.