Navigator (Portugal) Market Value
| NVG Stock | EUR 3.40 0.03 0.87% |
| Symbol | Navigator |
Navigator '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 Navigator'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 Navigator.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Navigator on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding The Navigator or generate 0.0% return on investment in Navigator over 360 days. Navigator is related to or competes with Altri SGPS, Sonae SGPS, NOS SGPS, REN Redes, and Galp Energia. The Navigator Company, S.A. manufactures and markets pulp and paper products in Portugal More
Navigator 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 Navigator'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 The Navigator upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 7.92 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.37 |
Navigator Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navigator's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navigator's standard deviation. In reality, there are many statistical measures that can use Navigator historical prices to predict the future Navigator's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (5.44) |
Navigator Backtested Returns
Navigator has Sharpe Ratio of -0.0965, which conveys that the firm had a -0.0965% return per unit of risk over the last 3 months. Navigator exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Navigator's Market Risk Adjusted Performance of (5.43), standard deviation of 1.08, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0258, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Navigator's returns are expected to increase less than the market. However, during the bear market, the loss of holding Navigator is expected to be smaller as well. At this point, Navigator has a negative expected return of -0.1%. Please make sure to verify Navigator's jensen alpha, value at risk, accumulation distribution, as well as the relationship between the treynor ratio and skewness , to decide if Navigator performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
The Navigator has good reverse predictability. Overlapping area represents the amount of predictability between Navigator time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Navigator price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Navigator price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Navigator lagged returns against current returns
Autocorrelation, which is Navigator 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 Navigator's stock expected returns. We can calculate the autocorrelation of Navigator returns to help us make a trade decision. For example, suppose you find that Navigator 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 |
Navigator 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 Navigator stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navigator stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navigator stock over time.
Current vs Lagged Prices |
| Timeline |
Navigator Lagged Returns
When evaluating Navigator's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navigator stock have on its future price. Navigator 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, Navigator autocorrelation shows the relationship between Navigator stock current value and its past values and can show if there is a momentum factor associated with investing in The Navigator.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Navigator Stock Analysis
When running Navigator's price analysis, check to measure Navigator'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 Navigator is operating at the current time. Most of Navigator's value examination focuses on studying past and present price action to predict the probability of Navigator's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Navigator's price. Additionally, you may evaluate how the addition of Navigator to your portfolios can decrease your overall portfolio volatility.