Nomad Foods (Germany) Market Value
| 0NH Stock | 17.00 0.30 1.80% |
| Symbol | Nomad |
Nomad Foods '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 Nomad Foods' 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 Nomad Foods.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Nomad Foods on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Nomad Foods or generate 0.0% return on investment in Nomad Foods over 720 days. Nomad Foods is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Nomad Foods 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 Nomad Foods' 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 Nomad Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.2 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.41 |
Nomad Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nomad Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nomad Foods' standard deviation. In reality, there are many statistical measures that can use Nomad Foods historical prices to predict the future Nomad Foods' volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | 0.0601 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nomad Foods' 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.
Nomad Foods Backtested Returns
Currently, Nomad Foods is not too volatile. Nomad Foods has Sharpe Ratio of 0.0301, which conveys that the firm had a 0.0301% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nomad Foods, which you can use to evaluate the volatility of the firm. Please verify Nomad Foods' Risk Adjusted Performance of 0.0372, mean deviation of 1.09, and Downside Deviation of 1.57 to check out if the risk estimate we provide is consistent with the expected return of 0.0429%. Nomad Foods has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0736, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nomad Foods are expected to decrease at a much lower rate. During the bear market, Nomad Foods is likely to outperform the market. Nomad Foods right now secures a risk of 1.43%. Please verify Nomad Foods maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Nomad Foods will be following its current price movements.
Auto-correlation | 0.11 |
Insignificant predictability
Nomad Foods has insignificant predictability. Overlapping area represents the amount of predictability between Nomad Foods time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Nomad Foods price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Nomad Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Nomad Foods lagged returns against current returns
Autocorrelation, which is Nomad Foods 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 Nomad Foods' stock expected returns. We can calculate the autocorrelation of Nomad Foods returns to help us make a trade decision. For example, suppose you find that Nomad Foods 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 |
Nomad Foods 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 Nomad Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nomad Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nomad Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Nomad Foods Lagged Returns
When evaluating Nomad Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nomad Foods stock have on its future price. Nomad Foods 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, Nomad Foods autocorrelation shows the relationship between Nomad Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Nomad Foods.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nomad Stock Analysis
When running Nomad Foods' price analysis, check to measure Nomad Foods' 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 Nomad Foods is operating at the current time. Most of Nomad Foods' value examination focuses on studying past and present price action to predict the probability of Nomad Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nomad Foods' price. Additionally, you may evaluate how the addition of Nomad Foods to your portfolios can decrease your overall portfolio volatility.