NBI Bearings (Spain) Market Value
| NBI Stock | EUR 3.68 0.06 1.60% |
| Symbol | NBI |
NBI Bearings '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 NBI Bearings' 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 NBI Bearings.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in NBI Bearings on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding NBI Bearings Europe or generate 0.0% return on investment in NBI Bearings over 90 days. NBI Bearings is related to or competes with Parlem Telecom, Caixabank, Arrienda Rental, and Atom Hoteles. NBI Bearings Europe, S.A. engages in the design, production, and sale of bearings worldwide More
NBI Bearings 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 NBI Bearings' 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 NBI Bearings Europe upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.87 | |||
| Value At Risk | (2.44) |
NBI Bearings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBI Bearings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBI Bearings' standard deviation. In reality, there are many statistical measures that can use NBI Bearings historical prices to predict the future NBI Bearings' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.0298 | |||
| Treynor Ratio | (4.03) |
NBI Bearings Europe Backtested Returns
NBI Bearings Europe has Sharpe Ratio of -0.0959, which conveys that the company had a -0.0959 % return per unit of volatility over the last 3 months. NBI Bearings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NBI Bearings' Standard Deviation of 1.26, market risk adjusted performance of (4.02), and Mean Deviation of 0.551 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.0319, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NBI Bearings' returns are expected to increase less than the market. However, during the bear market, the loss of holding NBI Bearings is expected to be smaller as well. At this point, NBI Bearings Europe has a negative expected return of -0.12%. Please make sure to verify NBI Bearings' skewness, rate of daily change, and the relationship between the maximum drawdown and accumulation distribution , to decide if NBI Bearings Europe performance from the past will be repeated in the future.
Auto-correlation | 0.52 |
Modest predictability
NBI Bearings Europe has modest predictability. Overlapping area represents the amount of predictability between NBI Bearings time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 NBI Bearings Europe price movement. The serial correlation of 0.52 indicates that about 52.0% of current NBI Bearings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
NBI Bearings Europe lagged returns against current returns
Autocorrelation, which is NBI Bearings 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 NBI Bearings' stock expected returns. We can calculate the autocorrelation of NBI Bearings returns to help us make a trade decision. For example, suppose you find that NBI Bearings 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 |
NBI Bearings 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 NBI Bearings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBI Bearings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBI Bearings stock over time.
Current vs Lagged Prices |
| Timeline |
NBI Bearings Lagged Returns
When evaluating NBI Bearings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBI Bearings stock have on its future price. NBI Bearings 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, NBI Bearings autocorrelation shows the relationship between NBI Bearings stock current value and its past values and can show if there is a momentum factor associated with investing in NBI Bearings Europe.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in NBI Stock
NBI Bearings financial ratios help investors to determine whether NBI 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 NBI with respect to the benefits of owning NBI Bearings security.