Novatech Industries (France) Market Value
| MLNOV Stock | EUR 10.50 0.00 0.00% |
| Symbol | Novatech |
Novatech Industries '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 Novatech Industries' 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 Novatech Industries.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Novatech Industries on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Novatech Industries SA or generate 0.0% return on investment in Novatech Industries over 30 days. Novatech Industries is related to or competes with X Fab, Eutelsat Communications, Metalliance, ISPD Network, Gaztransport Technigaz, Mediantechn, and Groupe Pizzorno. Novatech Industries designs, manufactures, and integrates electronic solutions and products in Europe More
Novatech Industries 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 Novatech Industries' 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 Novatech Industries SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.045 | |||
| Maximum Drawdown | 36.83 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 10.0 |
Novatech Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novatech Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novatech Industries' standard deviation. In reality, there are many statistical measures that can use Novatech Industries historical prices to predict the future Novatech Industries' volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 0.3855 | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.87) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Novatech Industries' 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.
Novatech Industries Backtested Returns
Novatech Industries appears to be slightly risky, given 3 months investment horizon. Novatech Industries has Sharpe Ratio of 0.0747, which conveys that the firm had a 0.0747% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Novatech Industries, which you can use to evaluate the volatility of the firm. Please exercise Novatech Industries' Mean Deviation of 1.82, risk adjusted performance of 0.0654, and Standard Deviation of 4.64 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Novatech Industries holds a performance score of 5. The company secures a Beta (Market Risk) of -0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Novatech Industries are expected to decrease at a much lower rate. During the bear market, Novatech Industries is likely to outperform the market. Please check Novatech Industries' market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to make a quick decision on whether Novatech Industries' current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Novatech Industries SA has no correlation between past and present. Overlapping area represents the amount of predictability between Novatech Industries time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Novatech Industries price movement. The serial correlation of 0.0 indicates that just 0.0% of current Novatech Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Novatech Industries lagged returns against current returns
Autocorrelation, which is Novatech Industries 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 Novatech Industries' stock expected returns. We can calculate the autocorrelation of Novatech Industries returns to help us make a trade decision. For example, suppose you find that Novatech Industries 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 |
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Novatech Industries 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 Novatech Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novatech Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novatech Industries stock over time.
Current vs Lagged Prices |
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Novatech Industries Lagged Returns
When evaluating Novatech Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Novatech Industries stock have on its future price. Novatech Industries 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, Novatech Industries autocorrelation shows the relationship between Novatech Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Novatech Industries SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Novatech Stock Analysis
When running Novatech Industries' price analysis, check to measure Novatech Industries' 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 Novatech Industries is operating at the current time. Most of Novatech Industries' value examination focuses on studying past and present price action to predict the probability of Novatech Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novatech Industries' price. Additionally, you may evaluate how the addition of Novatech Industries to your portfolios can decrease your overall portfolio volatility.