Nano Nuclear Energy Stock Market Value
| NNE Stock | 26.62 1.38 4.93% |
| Symbol | Nano |
Nano Nuclear Energy Price To Book Ratio
Is Heavy Electrical Equipment 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 Nano Nuclear. If investors know Nano 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 Nano Nuclear listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.31) |
The market value of Nano Nuclear Energy is measured differently than its book value, which is the value of Nano that is recorded on the company's balance sheet. Investors also form their own opinion of Nano Nuclear's value that differs from its market value or its book value, called intrinsic value, which is Nano Nuclear'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 Nano Nuclear's market value can be influenced by many factors that don't directly affect Nano Nuclear'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 Nano Nuclear's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nano Nuclear is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nano Nuclear'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.
Nano Nuclear '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 Nano Nuclear'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 Nano Nuclear.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Nano Nuclear on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nano Nuclear Energy or generate 0.0% return on investment in Nano Nuclear over 30 days. Nano Nuclear is related to or competes with Primoris Services, Park Ohio, CECO Environmental, Fevertree Drinks, Ambev SA, and Topbuild Corp. Nano Nuclear is entity of United States. It is traded as Stock on NASDAQ exchange. More
Nano Nuclear 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 Nano Nuclear'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 Nano Nuclear Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.99 | |||
| Information Ratio | 0.1669 | |||
| Maximum Drawdown | 60.74 | |||
| Value At Risk | (13.93) | |||
| Potential Upside | 26.35 |
Nano Nuclear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nano Nuclear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nano Nuclear's standard deviation. In reality, there are many statistical measures that can use Nano Nuclear historical prices to predict the future Nano Nuclear's volatility.| Risk Adjusted Performance | 0.1437 | |||
| Jensen Alpha | 1.74 | |||
| Total Risk Alpha | 0.495 | |||
| Sortino Ratio | 0.2312 | |||
| Treynor Ratio | 0.5132 |
Nano Nuclear Energy Backtested Returns
Nano Nuclear is somewhat reliable given 3 months investment horizon. Nano Nuclear Energy has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 2.74% are justified by taking the suggested risk. Use Nano Nuclear Energy Risk Adjusted Performance of 0.1437, mean deviation of 9.68, and Downside Deviation of 8.99 to evaluate company specific risk that cannot be diversified away. Nano Nuclear holds a performance score of 17 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 4.25, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nano Nuclear will likely underperform. Use Nano Nuclear Energy treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to analyze future returns on Nano Nuclear Energy.
Auto-correlation | 0.30 |
Below average predictability
Nano Nuclear Energy has below average predictability. Overlapping area represents the amount of predictability between Nano Nuclear 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 Nano Nuclear Energy price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Nano Nuclear price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 6.37 |
Nano Nuclear Energy lagged returns against current returns
Autocorrelation, which is Nano Nuclear 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 Nano Nuclear's stock expected returns. We can calculate the autocorrelation of Nano Nuclear returns to help us make a trade decision. For example, suppose you find that Nano Nuclear 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 |
Nano Nuclear 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 Nano Nuclear stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nano Nuclear stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nano Nuclear stock over time.
Current vs Lagged Prices |
| Timeline |
Nano Nuclear Lagged Returns
When evaluating Nano Nuclear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nano Nuclear stock have on its future price. Nano Nuclear 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, Nano Nuclear autocorrelation shows the relationship between Nano Nuclear stock current value and its past values and can show if there is a momentum factor associated with investing in Nano Nuclear Energy.
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.When determining whether Nano Nuclear Energy is a strong investment it is important to analyze Nano Nuclear's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nano Nuclear's future performance. For an informed investment choice regarding Nano Stock, refer to the following important reports:Check out Nano Nuclear Correlation, Nano Nuclear Volatility and Nano Nuclear Alpha and Beta module to complement your research on Nano Nuclear. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Nano Nuclear technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.