Nocturne Acquisition Stock Beta
Nocturne Acquisition fundamentals help investors to digest information that contributes to Nocturne Acquisition's financial success or failures. It also enables traders to predict the movement of Nocturne Stock. The fundamental analysis module provides a way to measure Nocturne Acquisition's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nocturne Acquisition stock.
Nocturne |
Nocturne Acquisition Company Beta Analysis
Nocturne Acquisition's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Nocturne Acquisition Beta | -0.045 |
Most of Nocturne Acquisition's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nocturne Acquisition is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, Nocturne Acquisition has a Beta of -0.045. This is much lower than that of the Financial Services sector and significantly lower than that of the Financials industry. The beta for all United States stocks is notably higher than that of the company.
Nocturne Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nocturne Acquisition's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nocturne Acquisition could also be used in its relative valuation, which is a method of valuing Nocturne Acquisition by comparing valuation metrics of similar companies.Nocturne Acquisition is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Nocturne Acquisition are expected to decrease at a much lower rate. During the bear market, Nocturne Acquisition is likely to outperform the market.
Nocturne Fundamentals
| Return On Asset | -0.0205 | |||
| Number Of Shares Shorted | 9.2 K | |||
| EBITDA | (2.05 M) | |||
| Net Income | (1.21 M) | |||
| Total Debt | 2.58 M | |||
| Debt To Equity | 4.62 % | |||
| Book Value Per Share | (2.12) X | |||
| Cash Flow From Operations | (1.26 M) | |||
| Beta | -0.045 | |||
| Market Capitalization | 124.5 M | |||
| Total Asset | 21.22 M | |||
| Retained Earnings | (8.54 M) | |||
| Z Score | 28.07 | |||
| Net Asset | 21.22 M |
Pair Trading with Nocturne Acquisition
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nocturne Acquisition position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nocturne Acquisition will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Allstate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allstate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allstate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Allstate to buy it.
The correlation of Allstate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allstate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allstate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allstate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Other Consideration for investing in Nocturne Stock
If you are still planning to invest in Nocturne Acquisition check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nocturne Acquisition's history and understand the potential risks before investing.
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