Novozymes As Stock Market Value
| NVZMY Stock | USD 58.62 0.27 0.46% |
| Symbol | Novozymes |
Novozymes '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 Novozymes' pink sheet 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 Novozymes.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Novozymes on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Novozymes AS or generate 0.0% return on investment in Novozymes over 510 days. Novozymes is related to or competes with Chemours, International Flavors, Air Products, PPG Industries, Linde Plc, Albemarle Corp, and Dupont De. Novozymes AS produces and sells industrial enzymes, microorganisms, and probiotics in Europe, the Middle East, Africa, N... More
Novozymes 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 Novozymes' pink sheet 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 Novozymes AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 8.24 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.22 |
Novozymes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novozymes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novozymes' standard deviation. In reality, there are many statistical measures that can use Novozymes historical prices to predict the future Novozymes' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.58) |
Novozymes AS Backtested Returns
Novozymes AS has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Novozymes exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novozymes' Mean Deviation of 1.02, standard deviation of 1.44, and Risk Adjusted Performance of (0.10) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Novozymes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Novozymes is expected to be smaller as well. At this point, Novozymes AS has a negative expected return of -0.25%. Please make sure to verify Novozymes' kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Novozymes AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Novozymes AS has weak predictability. Overlapping area represents the amount of predictability between Novozymes time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Novozymes AS price movement. The serial correlation of 0.21 indicates that over 21.0% of current Novozymes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 20.82 |
Novozymes AS lagged returns against current returns
Autocorrelation, which is Novozymes pink sheet'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 Novozymes' pink sheet expected returns. We can calculate the autocorrelation of Novozymes returns to help us make a trade decision. For example, suppose you find that Novozymes has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Novozymes 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 Novozymes pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novozymes pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novozymes pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Novozymes Lagged Returns
When evaluating Novozymes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Novozymes pink sheet have on its future price. Novozymes 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, Novozymes autocorrelation shows the relationship between Novozymes pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Novozymes AS.
Regressed Prices |
| Timeline |
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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.Additional Tools for Novozymes Pink Sheet Analysis
When running Novozymes' price analysis, check to measure Novozymes' 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 Novozymes is operating at the current time. Most of Novozymes' value examination focuses on studying past and present price action to predict the probability of Novozymes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novozymes' price. Additionally, you may evaluate how the addition of Novozymes to your portfolios can decrease your overall portfolio volatility.