Nova Europe (Germany) Market Value
| 0P00011MNK | EUR 212.25 3.07 1.47% |
| Symbol | Nova |
Nova Europe '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 Nova Europe's fund 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 Nova Europe.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Nova Europe on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Nova Europe ISR or generate 0.0% return on investment in Nova Europe over 30 days. Nova Europe is related to or competes with Esfera Robotics, R Co, IE00B0H4TS55, and Echiquier Entrepreneurs. Lobjectif de gestion du FCP NOVA EUROPE est, dans le cadre dune allocation dynamique dcide par la socit de gestion, de s... More
Nova Europe 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 Nova Europe's fund 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 Nova Europe ISR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.07 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.02 |
Nova Europe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Europe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova Europe's standard deviation. In reality, there are many statistical measures that can use Nova Europe historical prices to predict the future Nova Europe's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (2.67) |
Nova Europe ISR Backtested Returns
Nova Europe ISR has Sharpe Ratio of -0.1, which conveys that the entity had a -0.1% return per unit of risk over the last 3 months. Nova Europe exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nova Europe's Risk Adjusted Performance of (0.07), standard deviation of 0.6059, and Mean Deviation of 0.4425 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0225, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nova Europe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nova Europe is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Nova Europe ISR has good reverse predictability. Overlapping area represents the amount of predictability between Nova Europe time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Nova Europe ISR price movement. The serial correlation of -0.52 indicates that about 52.0% of current Nova Europe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 4.17 |
Nova Europe ISR lagged returns against current returns
Autocorrelation, which is Nova Europe fund'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 Nova Europe's fund expected returns. We can calculate the autocorrelation of Nova Europe returns to help us make a trade decision. For example, suppose you find that Nova Europe has exhibited high autocorrelation historically, and you observe that the fund 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 |
Nova Europe 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 Nova Europe fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova Europe fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova Europe fund over time.
Current vs Lagged Prices |
| Timeline |
Nova Europe Lagged Returns
When evaluating Nova Europe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nova Europe fund have on its future price. Nova Europe 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, Nova Europe autocorrelation shows the relationship between Nova Europe fund current value and its past values and can show if there is a momentum factor associated with investing in Nova Europe ISR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nova Fund
Nova Europe financial ratios help investors to determine whether Nova Fund 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 Nova with respect to the benefits of owning Nova Europe security.
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