Nanalysis Scientific Corp Stock Market Value
| NSCI Stock | CAD 0.38 0.05 15.15% |
| Symbol | Nanalysis |
Nanalysis Scientific '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 Nanalysis Scientific'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 Nanalysis Scientific.
| 01/21/2023 |
| 01/10/2025 |
If you would invest 0.00 in Nanalysis Scientific on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding Nanalysis Scientific Corp or generate 0.0% return on investment in Nanalysis Scientific over 720 days. Nanalysis Scientific is related to or competes with Simply Better, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Nanalysis Scientific Corp., through its subsidiary, Nanalysis Corp., operates as an industrial technology company More
Nanalysis Scientific 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 Nanalysis Scientific'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 Nanalysis Scientific Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 18.04 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 5.41 |
Nanalysis Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanalysis Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanalysis Scientific's standard deviation. In reality, there are many statistical measures that can use Nanalysis Scientific historical prices to predict the future Nanalysis Scientific's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.35) |
Nanalysis Scientific Corp Backtested Returns
At this stage we consider Nanalysis Stock to be out of control. Nanalysis Scientific Corp has Sharpe Ratio of 0.0411, which conveys that the firm had a 0.0411% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Nanalysis Scientific, which you can use to evaluate the volatility of the firm. Please verify Nanalysis Scientific's Standard Deviation of 3.62, mean deviation of 2.55, and Risk Adjusted Performance of (0.05) to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Nanalysis Scientific has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.78, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nanalysis Scientific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanalysis Scientific is expected to be smaller as well. Nanalysis Scientific Corp right now secures a risk of 4.16%. Please verify Nanalysis Scientific Corp value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Nanalysis Scientific Corp will be following its current price movements.
Auto-correlation | 0.67 |
Good predictability
Nanalysis Scientific Corp has good predictability. Overlapping area represents the amount of predictability between Nanalysis Scientific time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th 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 Nanalysis Scientific Corp price movement. The serial correlation of 0.67 indicates that around 67.0% of current Nanalysis Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nanalysis Scientific Corp lagged returns against current returns
Autocorrelation, which is Nanalysis Scientific 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 Nanalysis Scientific's stock expected returns. We can calculate the autocorrelation of Nanalysis Scientific returns to help us make a trade decision. For example, suppose you find that Nanalysis Scientific 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 |
Nanalysis Scientific 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 Nanalysis Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanalysis Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanalysis Scientific stock over time.
Current vs Lagged Prices |
| Timeline |
Nanalysis Scientific Lagged Returns
When evaluating Nanalysis Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanalysis Scientific stock have on its future price. Nanalysis Scientific 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, Nanalysis Scientific autocorrelation shows the relationship between Nanalysis Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Nanalysis Scientific Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Nanalysis Stock Analysis
When running Nanalysis Scientific's price analysis, check to measure Nanalysis Scientific'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 Nanalysis Scientific is operating at the current time. Most of Nanalysis Scientific's value examination focuses on studying past and present price action to predict the probability of Nanalysis Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanalysis Scientific's price. Additionally, you may evaluate how the addition of Nanalysis Scientific to your portfolios can decrease your overall portfolio volatility.