Nobia AB (Sweden) Market Value
| NOBI Stock | SEK 3.73 0.12 3.12% |
| Symbol | Nobia |
Nobia AB '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 Nobia AB'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 Nobia AB.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nobia AB on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Nobia AB or generate 0.0% return on investment in Nobia AB over 210 days. Nobia AB is related to or competes with New Wave, Clas Ohlson, BE Group, Betsson AB, and Dedicare. Nobia AB develops, manufactures, and sells kitchen solutions to consumer and professional customers More
Nobia AB 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 Nobia AB'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 Nobia AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 21.9 | |||
| Value At Risk | (5.05) | |||
| Potential Upside | 3.11 |
Nobia AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nobia AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nobia AB's standard deviation. In reality, there are many statistical measures that can use Nobia AB historical prices to predict the future Nobia AB's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | 16.74 |
Nobia AB Backtested Returns
Nobia AB has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. Nobia AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nobia AB's Risk Adjusted Performance of (0.17), mean deviation of 2.03, and Standard Deviation of 2.98 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0418, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nobia AB are expected to decrease at a much lower rate. During the bear market, Nobia AB is likely to outperform the market. At this point, Nobia AB has a negative expected return of -0.63%. Please make sure to verify Nobia AB's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Nobia AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Nobia AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nobia AB time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Nobia AB price movement. The serial correlation of -0.19 indicates that over 19.0% of current Nobia AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Nobia AB lagged returns against current returns
Autocorrelation, which is Nobia AB 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 Nobia AB's stock expected returns. We can calculate the autocorrelation of Nobia AB returns to help us make a trade decision. For example, suppose you find that Nobia AB 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 |
Nobia AB 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 Nobia AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nobia AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nobia AB stock over time.
Current vs Lagged Prices |
| Timeline |
Nobia AB Lagged Returns
When evaluating Nobia AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nobia AB stock have on its future price. Nobia AB 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, Nobia AB autocorrelation shows the relationship between Nobia AB stock current value and its past values and can show if there is a momentum factor associated with investing in Nobia AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nobia Stock Analysis
When running Nobia AB's price analysis, check to measure Nobia AB'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 Nobia AB is operating at the current time. Most of Nobia AB's value examination focuses on studying past and present price action to predict the probability of Nobia AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nobia AB's price. Additionally, you may evaluate how the addition of Nobia AB to your portfolios can decrease your overall portfolio volatility.