Nyrstar NV (Belgium) Market Value
| NYR Stock | EUR 0.07 0 1.69% |
| Symbol | Nyrstar |
Nyrstar NV '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 Nyrstar NV'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 Nyrstar NV.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Nyrstar NV on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Nyrstar NV or generate 0.0% return on investment in Nyrstar NV over 720 days. Nyrstar NV is related to or competes with NV Bekaert, AGFA Gevaert, Ageas SANV, and Exmar NV. Nyrstar NV engages in mining, smelting, and producing zinc, lead, and other base and precious metals primarily in Europe... More
Nyrstar NV 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 Nyrstar NV'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 Nyrstar NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.13 | |||
| Information Ratio | 0.1471 | |||
| Maximum Drawdown | 55.76 | |||
| Value At Risk | (12.09) | |||
| Potential Upside | 14.41 |
Nyrstar NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nyrstar NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nyrstar NV's standard deviation. In reality, there are many statistical measures that can use Nyrstar NV historical prices to predict the future Nyrstar NV's volatility.| Risk Adjusted Performance | 0.1234 | |||
| Jensen Alpha | 1.76 | |||
| Total Risk Alpha | 0.3127 | |||
| Sortino Ratio | 0.2011 | |||
| Treynor Ratio | (0.58) |
Nyrstar NV Backtested Returns
Nyrstar NV is out of control given 3 months investment horizon. Nyrstar NV has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use Nyrstar NV Mean Deviation of 6.27, downside deviation of 7.13, and Risk Adjusted Performance of 0.1234 to evaluate company specific risk that cannot be diversified away. Nyrstar NV holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -2.61, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nyrstar NV are expected to decrease by larger amounts. On the other hand, during market turmoil, Nyrstar NV is expected to outperform it. Use Nyrstar NV downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to analyze future returns on Nyrstar NV.
Auto-correlation | 0.23 |
Weak predictability
Nyrstar NV has weak predictability. Overlapping area represents the amount of predictability between Nyrstar NV time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Nyrstar NV price movement. The serial correlation of 0.23 indicates that over 23.0% of current Nyrstar NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nyrstar NV lagged returns against current returns
Autocorrelation, which is Nyrstar NV 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 Nyrstar NV's stock expected returns. We can calculate the autocorrelation of Nyrstar NV returns to help us make a trade decision. For example, suppose you find that Nyrstar NV 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 |
Nyrstar NV 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 Nyrstar NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nyrstar NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nyrstar NV stock over time.
Current vs Lagged Prices |
| Timeline |
Nyrstar NV Lagged Returns
When evaluating Nyrstar NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nyrstar NV stock have on its future price. Nyrstar NV 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, Nyrstar NV autocorrelation shows the relationship between Nyrstar NV stock current value and its past values and can show if there is a momentum factor associated with investing in Nyrstar NV.
Regressed Prices |
| Timeline |
Pair Trading with Nyrstar NV
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nyrstar NV position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nyrstar NV will appreciate offsetting losses from the drop in the long position's value.Moving against Nyrstar Stock
The ability to find closely correlated positions to Nyrstar NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nyrstar NV when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nyrstar NV - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nyrstar NV to buy it.
The correlation of Nyrstar NV is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nyrstar NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nyrstar NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nyrstar NV can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Nyrstar Stock Analysis
When running Nyrstar NV's price analysis, check to measure Nyrstar NV'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 Nyrstar NV is operating at the current time. Most of Nyrstar NV's value examination focuses on studying past and present price action to predict the probability of Nyrstar NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nyrstar NV's price. Additionally, you may evaluate how the addition of Nyrstar NV to your portfolios can decrease your overall portfolio volatility.