Napatech (Norway) Market Value
| NAPA Stock | NOK 22.20 1.80 7.50% |
| Symbol | Napatech |
Napatech '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 Napatech'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 Napatech.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Napatech on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Napatech AS or generate 0.0% return on investment in Napatech over 720 days. Napatech is related to or competes with Idex ASA, Next Biometrics, Polight ASA, Kitron ASA, and Nordic Semiconductor. Napatech AS provides reconfigurable computing solutions for network performance and cybersecurity applications worldwide More
Napatech 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 Napatech'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 Napatech AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 12.46 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 4.35 |
Napatech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Napatech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Napatech's standard deviation. In reality, there are many statistical measures that can use Napatech historical prices to predict the future Napatech's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | 1.59 |
Napatech AS Backtested Returns
Napatech AS has Sharpe Ratio of -0.2, which conveys that the firm had a -0.2% return per unit of risk over the last 3 months. Napatech exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Napatech's Risk Adjusted Performance of (0.15), standard deviation of 2.61, and Mean Deviation of 1.94 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Napatech are expected to decrease at a much lower rate. During the bear market, Napatech is likely to outperform the market. At this point, Napatech AS has a negative expected return of -0.54%. Please make sure to verify Napatech's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Napatech AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Napatech AS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Napatech 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 Napatech AS price movement. The serial correlation of -0.71 indicates that around 71.0% of current Napatech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 66.92 |
Napatech AS lagged returns against current returns
Autocorrelation, which is Napatech 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 Napatech's stock expected returns. We can calculate the autocorrelation of Napatech returns to help us make a trade decision. For example, suppose you find that Napatech 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 |
Napatech 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 Napatech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Napatech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Napatech stock over time.
Current vs Lagged Prices |
| Timeline |
Napatech Lagged Returns
When evaluating Napatech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Napatech stock have on its future price. Napatech 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, Napatech autocorrelation shows the relationship between Napatech stock current value and its past values and can show if there is a momentum factor associated with investing in Napatech AS.
Regressed Prices |
| Timeline |
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Napatech financial ratios help investors to determine whether Napatech Stock 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 Napatech with respect to the benefits of owning Napatech security.