Nhpap Stock Market Value
| NHPAP Stock | 15.48 0.61 4.10% |
| Symbol | NHPAP |
Is REIT - Healthcare Facilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NHPAP. If investors know NHPAP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NHPAP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NHPAP is measured differently than its book value, which is the value of NHPAP that is recorded on the company's balance sheet. Investors also form their own opinion of NHPAP's value that differs from its market value or its book value, called intrinsic value, which is NHPAP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NHPAP's market value can be influenced by many factors that don't directly affect NHPAP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NHPAP's value and its price as these two are different measures arrived at by different means. Investors typically determine if NHPAP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NHPAP'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.
NHPAP '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 NHPAP'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 NHPAP.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in NHPAP on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding NHPAP or generate 0.0% return on investment in NHPAP over 30 days. NHPAP is related to or competes with Primoris Services, Kulicke, Hurco Companies, Qorvo, CECO Environmental, and Analog Devices. NHPAP is entity of United States. It is traded as Stock on NASDAQ exchange. More
NHPAP 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 NHPAP'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 NHPAP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.21 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.69 |
NHPAP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NHPAP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NHPAP's standard deviation. In reality, there are many statistical measures that can use NHPAP historical prices to predict the future NHPAP's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.42) |
NHPAP Backtested Returns
NHPAP has Sharpe Ratio of -0.0577, which conveys that the firm had a -0.0577 % return per unit of volatility over the last 3 months. NHPAP exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NHPAP's mean deviation of 1.06, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NHPAP's returns are expected to increase less than the market. However, during the bear market, the loss of holding NHPAP is expected to be smaller as well. At this point, NHPAP has a negative expected return of -0.0899%. Please make sure to verify NHPAP's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if NHPAP performance from the past will be repeated at future time.
Auto-correlation | 0.52 |
Modest predictability
NHPAP has modest predictability. Overlapping area represents the amount of predictability between NHPAP time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 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 NHPAP price movement. The serial correlation of 0.52 indicates that about 52.0% of current NHPAP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
NHPAP lagged returns against current returns
Autocorrelation, which is NHPAP 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 NHPAP's stock expected returns. We can calculate the autocorrelation of NHPAP returns to help us make a trade decision. For example, suppose you find that NHPAP 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 |
NHPAP 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 NHPAP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NHPAP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NHPAP stock over time.
Current vs Lagged Prices |
| Timeline |
NHPAP Lagged Returns
When evaluating NHPAP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NHPAP stock have on its future price. NHPAP 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, NHPAP autocorrelation shows the relationship between NHPAP stock current value and its past values and can show if there is a momentum factor associated with investing in NHPAP.
Regressed Prices |
| Timeline |
Pair Trading with NHPAP
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 NHPAP 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 NHPAP will appreciate offsetting losses from the drop in the long position's value.Moving together with NHPAP Stock
Moving against NHPAP Stock
The ability to find closely correlated positions to NHPAP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NHPAP 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 NHPAP - 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 NHPAP to buy it.
The correlation of NHPAP 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 NHPAP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NHPAP 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 NHPAP 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.Additional Tools for NHPAP Stock Analysis
When running NHPAP's price analysis, check to measure NHPAP's 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 NHPAP is operating at the current time. Most of NHPAP's value examination focuses on studying past and present price action to predict the probability of NHPAP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NHPAP's price. Additionally, you may evaluate how the addition of NHPAP to your portfolios can decrease your overall portfolio volatility.