Nhpbp Stock Market Value
| NHPBP Stock | 14.26 0.08 0.56% |
| Symbol | NHPBP |
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 NHPBP. If investors know NHPBP 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 NHPBP 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 NHPBP is measured differently than its book value, which is the value of NHPBP that is recorded on the company's balance sheet. Investors also form their own opinion of NHPBP's value that differs from its market value or its book value, called intrinsic value, which is NHPBP'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 NHPBP's market value can be influenced by many factors that don't directly affect NHPBP'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 NHPBP's value and its price as these two are different measures arrived at by different means. Investors typically determine if NHPBP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NHPBP'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.
NHPBP '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 NHPBP'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 NHPBP.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in NHPBP on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding NHPBP or generate 0.0% return on investment in NHPBP over 30 days. NHPBP is related to or competes with Harmony Gold, Vulcan Materials, Douglas Emmett, RBC Bearings, SL Green, Office Properties, and Nyxoah. NHPBP is entity of United States. It is traded as Stock on NASDAQ exchange. More
NHPBP 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 NHPBP'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 NHPBP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.49 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 2.54 |
NHPBP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NHPBP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NHPBP's standard deviation. In reality, there are many statistical measures that can use NHPBP historical prices to predict the future NHPBP's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.32) |
NHPBP Backtested Returns
NHPBP has Sharpe Ratio of -0.0688, which conveys that the firm had a -0.0688% return per unit of volatility over the last 3 months. NHPBP exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NHPBP's mean deviation of 1.12, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NHPBP's returns are expected to increase less than the market. However, during the bear market, the loss of holding NHPBP is expected to be smaller as well. At this point, NHPBP has a negative expected return of -0.11%. Please make sure to verify NHPBP's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if NHPBP performance from the past will be repeated at future time.
Auto-correlation | -0.69 |
Very good reverse predictability
NHPBP has very good reverse predictability. Overlapping area represents the amount of predictability between NHPBP time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 NHPBP price movement. The serial correlation of -0.69 indicates that around 69.0% of current NHPBP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
NHPBP lagged returns against current returns
Autocorrelation, which is NHPBP 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 NHPBP's stock expected returns. We can calculate the autocorrelation of NHPBP returns to help us make a trade decision. For example, suppose you find that NHPBP 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 |
NHPBP 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 NHPBP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NHPBP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NHPBP stock over time.
Current vs Lagged Prices |
| Timeline |
NHPBP Lagged Returns
When evaluating NHPBP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NHPBP stock have on its future price. NHPBP 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, NHPBP autocorrelation shows the relationship between NHPBP stock current value and its past values and can show if there is a momentum factor associated with investing in NHPBP.
Regressed Prices |
| Timeline |
Pair Trading with NHPBP
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 NHPBP 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 NHPBP will appreciate offsetting losses from the drop in the long position's value.Moving together with NHPBP Stock
Moving against NHPBP Stock
The ability to find closely correlated positions to NHPBP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NHPBP 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 NHPBP - 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 NHPBP to buy it.
The correlation of NHPBP 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 NHPBP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NHPBP 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 NHPBP 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 NHPBP Stock Analysis
When running NHPBP's price analysis, check to measure NHPBP'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 NHPBP is operating at the current time. Most of NHPBP's value examination focuses on studying past and present price action to predict the probability of NHPBP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NHPBP's price. Additionally, you may evaluate how the addition of NHPBP to your portfolios can decrease your overall portfolio volatility.