Nicoccino Holding (Sweden) Market Value
| NICO Stock | SEK 1.19 0.10 7.75% |
| Symbol | Nicoccino |
Nicoccino Holding '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 Nicoccino Holding'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 Nicoccino Holding.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Nicoccino Holding on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nicoccino Holding AB or generate 0.0% return on investment in Nicoccino Holding over 30 days. Nicoccino Holding is related to or competes with Clean Motion, NetJobs Group, Klaria Pharma, Nexam Chemical, and Lidds AB. Nicoccino Holding AB engages in the research, development, marketing, and sale of alternative tobacco products More
Nicoccino Holding 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 Nicoccino Holding'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 Nicoccino Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 48.4 | |||
| Value At Risk | (9.73) | |||
| Potential Upside | 12.17 |
Nicoccino Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nicoccino Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nicoccino Holding's standard deviation. In reality, there are many statistical measures that can use Nicoccino Holding historical prices to predict the future Nicoccino Holding's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.56) | |||
| Treynor Ratio | (6.94) |
Nicoccino Holding Backtested Returns
Nicoccino Holding has Sharpe Ratio of -0.0796, which conveys that the firm had a -0.0796% return per unit of risk over the last 3 months. Nicoccino Holding exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nicoccino Holding's Risk Adjusted Performance of (0.04), mean deviation of 4.14, and Standard Deviation of 8.03 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0683, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nicoccino Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nicoccino Holding is expected to be smaller as well. At this point, Nicoccino Holding has a negative expected return of -0.64%. Please make sure to verify Nicoccino Holding's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Nicoccino Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Nicoccino Holding AB has very good predictability. Overlapping area represents the amount of predictability between Nicoccino Holding time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Nicoccino Holding price movement. The serial correlation of 0.85 indicates that around 85.0% of current Nicoccino Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Nicoccino Holding lagged returns against current returns
Autocorrelation, which is Nicoccino Holding 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 Nicoccino Holding's stock expected returns. We can calculate the autocorrelation of Nicoccino Holding returns to help us make a trade decision. For example, suppose you find that Nicoccino Holding 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 |
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Nicoccino Holding 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 Nicoccino Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nicoccino Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nicoccino Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Nicoccino Holding Lagged Returns
When evaluating Nicoccino Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nicoccino Holding stock have on its future price. Nicoccino Holding 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, Nicoccino Holding autocorrelation shows the relationship between Nicoccino Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Nicoccino Holding AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nicoccino Stock Analysis
When running Nicoccino Holding's price analysis, check to measure Nicoccino Holding'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 Nicoccino Holding is operating at the current time. Most of Nicoccino Holding's value examination focuses on studying past and present price action to predict the probability of Nicoccino Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nicoccino Holding's price. Additionally, you may evaluate how the addition of Nicoccino Holding to your portfolios can decrease your overall portfolio volatility.