Nsx (Australia) Market Value
| NSX Stock | 0.02 0 5.88% |
| Symbol | Nsx |
Nsx '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 Nsx'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 Nsx.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Nsx on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nsx or generate 0.0% return on investment in Nsx over 90 days. Nsx is related to or competes with Vulcan Steel, Oneview Healthcare, Super Retail, Carawine Resources, Charter Hall, and Sonic Healthcare. More
Nsx 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 Nsx'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 Nsx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 32.65 | |||
| Value At Risk | (8.00) |
Nsx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nsx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nsx's standard deviation. In reality, there are many statistical measures that can use Nsx historical prices to predict the future Nsx's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (1.64) |
Nsx Backtested Returns
Nsx has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16 % return per unit of risk over the last 3 months. Nsx exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nsx's Mean Deviation of 1.75, risk adjusted performance of (0.14), and Standard Deviation of 3.95 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nsx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nsx is expected to be smaller as well. At this point, Nsx has a negative expected return of -0.65%. Please make sure to verify Nsx's information ratio, skewness, and the relationship between the standard deviation and total risk alpha , to decide if Nsx performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Nsx has good predictability. Overlapping area represents the amount of predictability between Nsx time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Nsx price movement. The serial correlation of 0.79 indicates that around 79.0% of current Nsx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nsx lagged returns against current returns
Autocorrelation, which is Nsx 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 Nsx's stock expected returns. We can calculate the autocorrelation of Nsx returns to help us make a trade decision. For example, suppose you find that Nsx 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 |
Nsx 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 Nsx stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nsx stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nsx stock over time.
Current vs Lagged Prices |
| Timeline |
Nsx Lagged Returns
When evaluating Nsx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nsx stock have on its future price. Nsx 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, Nsx autocorrelation shows the relationship between Nsx stock current value and its past values and can show if there is a momentum factor associated with investing in Nsx.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nsx Stock Analysis
When running Nsx's price analysis, check to measure Nsx'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 Nsx is operating at the current time. Most of Nsx's value examination focuses on studying past and present price action to predict the probability of Nsx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nsx's price. Additionally, you may evaluate how the addition of Nsx to your portfolios can decrease your overall portfolio volatility.