Nyfosa AB (Sweden) Market Value
| NYF Stock | 109.00 0.70 0.65% |
| Symbol | Nyfosa |
Nyfosa AB '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 Nyfosa AB'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 Nyfosa AB.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Nyfosa AB on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Nyfosa AB or generate 0.0% return on investment in Nyfosa AB over 540 days.
Nyfosa AB 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 Nyfosa AB'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 Nyfosa AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.46 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 2.67 |
Nyfosa AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nyfosa AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nyfosa AB's standard deviation. In reality, there are many statistical measures that can use Nyfosa AB historical prices to predict the future Nyfosa AB's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.7435 |
Nyfosa AB Backtested Returns
Nyfosa AB has Sharpe Ratio of -0.0316, which conveys that the firm had a -0.0316% return per unit of risk over the last 3 months. Nyfosa AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nyfosa AB's Standard Deviation of 1.85, risk adjusted performance of (0.01), and Mean Deviation of 1.44 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0539, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nyfosa AB are expected to decrease at a much lower rate. During the bear market, Nyfosa AB is likely to outperform the market. At this point, Nyfosa AB has a negative expected return of -0.0589%. Please make sure to verify Nyfosa AB's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Nyfosa AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Nyfosa AB has average predictability. Overlapping area represents the amount of predictability between Nyfosa AB time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Nyfosa AB price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Nyfosa AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 71.84 |
Nyfosa AB lagged returns against current returns
Autocorrelation, which is Nyfosa AB 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 Nyfosa AB's stock expected returns. We can calculate the autocorrelation of Nyfosa AB returns to help us make a trade decision. For example, suppose you find that Nyfosa AB 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 |
Nyfosa AB 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 Nyfosa AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nyfosa AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nyfosa AB stock over time.
Current vs Lagged Prices |
| Timeline |
Nyfosa AB Lagged Returns
When evaluating Nyfosa AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nyfosa AB stock have on its future price. Nyfosa AB 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, Nyfosa AB autocorrelation shows the relationship between Nyfosa AB stock current value and its past values and can show if there is a momentum factor associated with investing in Nyfosa AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Nyfosa Stock Analysis
When running Nyfosa AB's price analysis, check to measure Nyfosa AB'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 Nyfosa AB is operating at the current time. Most of Nyfosa AB's value examination focuses on studying past and present price action to predict the probability of Nyfosa AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nyfosa AB's price. Additionally, you may evaluate how the addition of Nyfosa AB to your portfolios can decrease your overall portfolio volatility.