Nfi Group Stock Market Value
| NFI Stock | CAD 11.64 1.57 15.59% |
| Symbol | NFI |
NFI Group Price To Book Ratio
NFI '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 NFI'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 NFI.
| 09/21/2024 |
| 02/18/2025 |
If you would invest 0.00 in NFI on September 21, 2024 and sell it all today you would earn a total of 0.00 from holding NFI Group or generate 0.0% return on investment in NFI over 150 days. NFI is related to or competes with Magna International, Northland Power, Linamar, Open Text, and Aecon. NFI Group Inc., together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europ... More
NFI 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 NFI'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 NFI Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.48 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 2.71 |
NFI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NFI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NFI's standard deviation. In reality, there are many statistical measures that can use NFI historical prices to predict the future NFI's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 2.65 |
NFI Group Backtested Returns
NFI Group has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11 % return per unit of volatility over the last 3 months. NFI exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NFI's mean deviation of 1.83, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NFI are expected to decrease at a much lower rate. During the bear market, NFI is likely to outperform the market. At this point, NFI Group has a negative expected return of -0.33%. Please make sure to verify NFI's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if NFI Group performance from the past will be repeated in the future.
Auto-correlation | 0.82 |
Very good predictability
NFI Group has very good predictability. Overlapping area represents the amount of predictability between NFI time series from 21st of September 2024 to 5th of December 2024 and 5th of December 2024 to 18th of February 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 NFI Group price movement. The serial correlation of 0.82 indicates that around 82.0% of current NFI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
NFI Group lagged returns against current returns
Autocorrelation, which is NFI 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 NFI's stock expected returns. We can calculate the autocorrelation of NFI returns to help us make a trade decision. For example, suppose you find that NFI 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 |
NFI 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 NFI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NFI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NFI stock over time.
Current vs Lagged Prices |
| Timeline |
NFI Lagged Returns
When evaluating NFI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NFI stock have on its future price. NFI 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, NFI autocorrelation shows the relationship between NFI stock current value and its past values and can show if there is a momentum factor associated with investing in NFI Group.
Regressed Prices |
| Timeline |
Pair Trading with NFI
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NFI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NFI will appreciate offsetting losses from the drop in the long position's value.Moving together with NFI Stock
Moving against NFI Stock
| 0.7 | SHOP | Shopify | PairCorr |
| 0.62 | ELF | E L Financial | PairCorr |
| 0.62 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.59 | FFH-PK | Fairfax Financial | PairCorr |
| 0.57 | OIII | O3 Mining | PairCorr |
The ability to find closely correlated positions to NFI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NFI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NFI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NFI Group to buy it.
The correlation of NFI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NFI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NFI Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NFI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in NFI Stock
NFI financial ratios help investors to determine whether NFI 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 NFI with respect to the benefits of owning NFI security.