NoHo Partners' market value is the price at which a share of NoHo Partners trades on a public exchange. It measures the collective expectations of NoHo Partners Oyj investors about its performance. NoHo Partners is trading at 8.02 as of the 8th of January 2025, a 1.72 percent decrease since the beginning of the trading day. The stock's lowest day price was 8.0. With this module, you can estimate the performance of a buy and hold strategy of NoHo Partners Oyj and determine expected loss or profit from investing in NoHo Partners over a given investment horizon. Check out NoHo Partners Correlation, NoHo Partners Volatility and NoHo Partners Alpha and Beta module to complement your research on NoHo Partners.
Please note, there is a significant difference between NoHo Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if NoHo Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NoHo Partners' 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.
NoHo Partners '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 NoHo Partners' 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 NoHo Partners.
0.00
12/09/2024
No Change 0.00
0.0
In 31 days
01/08/2025
0.00
If you would invest 0.00 in NoHo Partners on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding NoHo Partners Oyj or generate 0.0% return on investment in NoHo Partners over 30 days. NoHo Partners is related to or competes with Kamux Suomi, Harvia Oyj, Qt Group, Revenio, and Tokmanni Group. More
NoHo Partners 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 NoHo Partners' 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 NoHo Partners Oyj upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NoHo Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NoHo Partners' standard deviation. In reality, there are many statistical measures that can use NoHo Partners historical prices to predict the future NoHo Partners' volatility.
NoHo Partners appears to be not too volatile, given 3 months investment horizon. NoHo Partners Oyj has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for NoHo Partners, which you can use to evaluate the volatility of the firm. Please exercise NoHo Partners' mean deviation of 0.992, and Risk Adjusted Performance of 0.1382 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NoHo Partners holds a performance score of 15. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NoHo Partners are expected to decrease at a much lower rate. During the bear market, NoHo Partners is likely to outperform the market. Please check NoHo Partners' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether NoHo Partners' current price movements will revert.
Auto-correlation
0.66
Good predictability
NoHo Partners Oyj has good predictability. Overlapping area represents the amount of predictability between NoHo Partners time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 NoHo Partners Oyj price movement. The serial correlation of 0.66 indicates that around 66.0% of current NoHo Partners price fluctuation can be explain by its past prices.
Correlation Coefficient
0.66
Spearman Rank Test
0.6
Residual Average
0.0
Price Variance
0.02
NoHo Partners Oyj lagged returns against current returns
Autocorrelation, which is NoHo Partners 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 NoHo Partners' stock expected returns. We can calculate the autocorrelation of NoHo Partners returns to help us make a trade decision. For example, suppose you find that NoHo Partners 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
NoHo Partners 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 NoHo Partners stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NoHo Partners stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NoHo Partners stock over time.
Current vs Lagged Prices
Timeline
NoHo Partners Lagged Returns
When evaluating NoHo Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NoHo Partners stock have on its future price. NoHo Partners 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, NoHo Partners autocorrelation shows the relationship between NoHo Partners stock current value and its past values and can show if there is a momentum factor associated with investing in NoHo Partners Oyj.
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.
NoHo Partners financial ratios help investors to determine whether NoHo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NoHo with respect to the benefits of owning NoHo Partners security.