Navamedic ASA (Norway) Market Value

NAVA Stock  NOK 24.00  0.50  2.04%   
Navamedic ASA's market value is the price at which a share of Navamedic ASA trades on a public exchange. It measures the collective expectations of Navamedic ASA investors about its performance. Navamedic ASA is selling for 24.00 as of the 9th of December 2024. This is a 2.04% down since the beginning of the trading day. The stock's lowest day price was 24.0.
With this module, you can estimate the performance of a buy and hold strategy of Navamedic ASA and determine expected loss or profit from investing in Navamedic ASA over a given investment horizon. Check out Navamedic ASA Correlation, Navamedic ASA Volatility and Navamedic ASA Alpha and Beta module to complement your research on Navamedic ASA.
Symbol

Please note, there is a significant difference between Navamedic ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Navamedic ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Navamedic ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Navamedic ASA '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 Navamedic ASA'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 Navamedic ASA.
0.00
11/09/2024
No Change 0.00  0.0 
In 31 days
12/09/2024
0.00
If you would invest  0.00  in Navamedic ASA on November 9, 2024 and sell it all today you would earn a total of 0.00 from holding Navamedic ASA or generate 0.0% return on investment in Navamedic ASA over 30 days. Navamedic ASA is related to or competes with Photocure, Medistim ASA, PCI Biotech, Kitron ASA, and Goodtech. Navamedic ASA, a pharmaceutical company, develops, produces, markets, and sells pharmaceuticals and related products in ... More

Navamedic ASA 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 Navamedic ASA'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 Navamedic ASA upside and downside potential and time the market with a certain degree of confidence.

Navamedic ASA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Navamedic ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navamedic ASA's standard deviation. In reality, there are many statistical measures that can use Navamedic ASA historical prices to predict the future Navamedic ASA's volatility.
Hype
Prediction
LowEstimatedHigh
20.6924.0027.31
Details
Intrinsic
Valuation
LowRealHigh
16.1319.4426.40
Details
Naive
Forecast
LowNextHigh
18.8322.1525.46
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
23.5724.8426.12
Details

Navamedic ASA Backtested Returns

Navamedic ASA has Sharpe Ratio of -0.0531, which conveys that the firm had a -0.0531% return per unit of risk over the last 3 months. Navamedic ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Navamedic ASA's Mean Deviation of 1.77, risk adjusted performance of (0.03), and Standard Deviation of 3.29 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0604, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Navamedic ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Navamedic ASA is expected to be smaller as well. At this point, Navamedic ASA has a negative expected return of -0.18%. Please make sure to verify Navamedic ASA's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Navamedic ASA performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.49  

Modest reverse predictability

Navamedic ASA has modest reverse predictability. Overlapping area represents the amount of predictability between Navamedic ASA time series from 9th of November 2024 to 24th of November 2024 and 24th of November 2024 to 9th 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 Navamedic ASA price movement. The serial correlation of -0.49 indicates that about 49.0% of current Navamedic ASA price fluctuation can be explain by its past prices.
Correlation Coefficient-0.49
Spearman Rank Test-0.23
Residual Average0.0
Price Variance0.33

Navamedic ASA lagged returns against current returns

Autocorrelation, which is Navamedic ASA 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 Navamedic ASA's stock expected returns. We can calculate the autocorrelation of Navamedic ASA returns to help us make a trade decision. For example, suppose you find that Navamedic ASA 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  

Navamedic ASA 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 Navamedic ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navamedic ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navamedic ASA stock over time.
   Current vs Lagged Prices   
       Timeline  

Navamedic ASA Lagged Returns

When evaluating Navamedic ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navamedic ASA stock have on its future price. Navamedic ASA 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, Navamedic ASA autocorrelation shows the relationship between Navamedic ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Navamedic ASA.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Navamedic Stock

Navamedic ASA financial ratios help investors to determine whether Navamedic 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 Navamedic with respect to the benefits of owning Navamedic ASA security.