NR 21 (France) Market Value
| NR21 Stock | 35.20 3.20 10.00% |
| Symbol | NR21 |
NR 21 '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 NR 21'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 NR 21.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in NR 21 on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding NR 21 SA or generate 0.0% return on investment in NR 21 over 30 days. NR 21 is related to or competes with Centrale DAchat, Passat Socit, Damartex, and Smcp SAS. More
NR 21 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 NR 21'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 NR 21 SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.72 | |||
| Information Ratio | 0.0025 | |||
| Maximum Drawdown | 10.07 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 1.14 |
NR 21 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NR 21's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NR 21's standard deviation. In reality, there are many statistical measures that can use NR 21 historical prices to predict the future NR 21's volatility.| Risk Adjusted Performance | 0.0323 | |||
| Jensen Alpha | 0.0422 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0011 | |||
| Treynor Ratio | 0.3847 |
NR 21 SA Backtested Returns
At this point, NR 21 is very steady. NR 21 SA retains Efficiency (Sharpe Ratio) of 0.0082, which conveys that the firm had a 0.0082% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for NR 21, which you can use to evaluate the volatility of the firm. Please verify NR 21's Market Risk Adjusted Performance of 0.3947, mean deviation of 0.5294, and Standard Deviation of 1.69 to check out if the risk estimate we provide is consistent with the expected return of 0.0138%. The company owns a Beta (Systematic Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NR 21's returns are expected to increase less than the market. However, during the bear market, the loss of holding NR 21 is expected to be smaller as well. NR 21 SA today owns a risk of 1.69%. Please verify NR 21 SA mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if NR 21 SA will be following its current price history.
Auto-correlation | -0.14 |
Insignificant reverse predictability
NR 21 SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between NR 21 time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 NR 21 SA price movement. The serial correlation of -0.14 indicates that less than 14.0% of current NR 21 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.97 |
NR 21 SA lagged returns against current returns
Autocorrelation, which is NR 21 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 NR 21's stock expected returns. We can calculate the autocorrelation of NR 21 returns to help us make a trade decision. For example, suppose you find that NR 21 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 |
NR 21 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 NR 21 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NR 21 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NR 21 stock over time.
Current vs Lagged Prices |
| Timeline |
NR 21 Lagged Returns
When evaluating NR 21's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NR 21 stock have on its future price. NR 21 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, NR 21 autocorrelation shows the relationship between NR 21 stock current value and its past values and can show if there is a momentum factor associated with investing in NR 21 SA.
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.Other Information on Investing in NR21 Stock
NR 21 financial ratios help investors to determine whether NR21 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 NR21 with respect to the benefits of owning NR 21 security.