Nolato AB (Sweden) Market Value
| NOLA-B Stock | SEK 60.80 2.05 3.49% |
| Symbol | Nolato |
Nolato 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 Nolato 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 Nolato AB.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Nolato AB on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Nolato AB or generate 0.0% return on investment in Nolato AB over 90 days. Nolato AB is related to or competes with HEXPOL AB, Trelleborg, Indutrade, Vitrolife, and Mycronic Publ. Nolato AB develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products for medical technolo... More
Nolato 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 Nolato 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 Nolato AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.1742 | |||
| Maximum Drawdown | 9.84 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 3.18 |
Nolato AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nolato AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nolato AB's standard deviation. In reality, there are many statistical measures that can use Nolato AB historical prices to predict the future Nolato AB's volatility.| Risk Adjusted Performance | 0.1061 | |||
| Jensen Alpha | 0.2365 | |||
| Total Risk Alpha | 0.4021 | |||
| Sortino Ratio | 0.2238 | |||
| Treynor Ratio | 0.4262 |
Nolato AB Backtested Returns
Nolato AB appears to be very steady, given 3 months investment horizon. Nolato AB has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Nolato AB, which you can use to evaluate the volatility of the firm. Please exercise Nolato AB's Risk Adjusted Performance of 0.1061, downside deviation of 1.33, and Mean Deviation of 1.32 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nolato AB holds a performance score of 10. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nolato AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nolato AB is expected to be smaller as well. Please check Nolato AB's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Nolato AB's current price movements will revert.
Auto-correlation | -0.58 |
Good reverse predictability
Nolato AB has good reverse predictability. Overlapping area represents the amount of predictability between Nolato AB time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Nolato AB price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Nolato AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 6.1 |
Nolato AB lagged returns against current returns
Autocorrelation, which is Nolato 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 Nolato AB's stock expected returns. We can calculate the autocorrelation of Nolato AB returns to help us make a trade decision. For example, suppose you find that Nolato 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 |
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Nolato 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 Nolato AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nolato AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nolato AB stock over time.
Current vs Lagged Prices |
| Timeline |
Nolato AB Lagged Returns
When evaluating Nolato AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nolato AB stock have on its future price. Nolato 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, Nolato AB autocorrelation shows the relationship between Nolato AB stock current value and its past values and can show if there is a momentum factor associated with investing in Nolato AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nolato Stock
Nolato AB financial ratios help investors to determine whether Nolato 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 Nolato with respect to the benefits of owning Nolato AB security.