Nabtesco Corp (Germany) Market Value
| 3N8 Stock | 17.00 0.20 1.16% |
| Symbol | Nabtesco |
Nabtesco Corp '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 Nabtesco Corp's 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 Nabtesco Corp.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Nabtesco Corp on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Nabtesco Corp or generate 0.0% return on investment in Nabtesco Corp over 30 days.
Nabtesco Corp 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 Nabtesco Corp's 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 Nabtesco Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.1189 | |||
| Maximum Drawdown | 6.7 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.56 |
Nabtesco Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nabtesco Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nabtesco Corp's standard deviation. In reality, there are many statistical measures that can use Nabtesco Corp historical prices to predict the future Nabtesco Corp's volatility.| Risk Adjusted Performance | 0.1054 | |||
| Jensen Alpha | 0.1673 | |||
| Total Risk Alpha | 0.1684 | |||
| Sortino Ratio | 0.1093 | |||
| Treynor Ratio | (1.50) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nabtesco Corp'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.
Nabtesco Corp Backtested Returns
Currently, Nabtesco Corp is very steady. Nabtesco Corp has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nabtesco Corp, which you can use to evaluate the volatility of the firm. Please verify Nabtesco Corp's Risk Adjusted Performance of 0.1054, downside deviation of 1.54, and Mean Deviation of 1.08 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Nabtesco Corp has a performance score of 10 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nabtesco Corp are expected to decrease at a much lower rate. During the bear market, Nabtesco Corp is likely to outperform the market. Nabtesco Corp right now secures a risk of 1.46%. Please verify Nabtesco Corp semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to decide if Nabtesco Corp will be following its current price movements.
Auto-correlation | 0.23 |
Weak predictability
Nabtesco Corp has weak predictability. Overlapping area represents the amount of predictability between Nabtesco Corp time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 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 Nabtesco Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Nabtesco Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Nabtesco Corp lagged returns against current returns
Autocorrelation, which is Nabtesco Corp 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 Nabtesco Corp's stock expected returns. We can calculate the autocorrelation of Nabtesco Corp returns to help us make a trade decision. For example, suppose you find that Nabtesco Corp 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 |
Nabtesco Corp 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 Nabtesco Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nabtesco Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nabtesco Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Nabtesco Corp Lagged Returns
When evaluating Nabtesco Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nabtesco Corp stock have on its future price. Nabtesco Corp 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, Nabtesco Corp autocorrelation shows the relationship between Nabtesco Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Nabtesco Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nabtesco Stock Analysis
When running Nabtesco Corp's price analysis, check to measure Nabtesco Corp's 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 Nabtesco Corp is operating at the current time. Most of Nabtesco Corp's value examination focuses on studying past and present price action to predict the probability of Nabtesco Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nabtesco Corp's price. Additionally, you may evaluate how the addition of Nabtesco Corp to your portfolios can decrease your overall portfolio volatility.