NOVHOL 6625 15 APR 29 Market Value
| 18972EAA3 | 99.42 1.24 1.23% |
| Symbol | NOVHOL |
Please note, there is a significant difference between NOVHOL's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOVHOL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOVHOL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NOVHOL '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 NOVHOL's bond 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 NOVHOL.
| 11/06/2023 |
| 12/30/2024 |
If you would invest 0.00 in NOVHOL on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding NOVHOL 6625 15 APR 29 or generate 0.0% return on investment in NOVHOL over 420 days. NOVHOL is related to or competes with ZhongAn Online, Compania Cervecerias, Coca Cola, Boston Omaha, Xunlei, CarsalesCom, and Constellation Brands. More
NOVHOL 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 NOVHOL's bond 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 NOVHOL 6625 15 APR 29 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.85 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 1.03 |
NOVHOL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOVHOL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NOVHOL's standard deviation. In reality, there are many statistical measures that can use NOVHOL historical prices to predict the future NOVHOL's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 1.1 |
NOVHOL 6625 15 Backtested Returns
NOVHOL 6625 15 has Sharpe Ratio of -0.16, which conveys that the entity had a -0.16% return per unit of standard deviation over the last 3 months. NOVHOL exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NOVHOL's insignificant Risk Adjusted Performance, market risk adjusted performance of 1.11, and Mean Deviation of 0.6418 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.024, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NOVHOL are expected to decrease at a much lower rate. During the bear market, NOVHOL is likely to outperform the market.
Auto-correlation | 0.75 |
Good predictability
NOVHOL 6625 15 APR 29 has good predictability. Overlapping area represents the amount of predictability between NOVHOL time series from 6th of November 2023 to 3rd of June 2024 and 3rd of June 2024 to 30th 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 NOVHOL 6625 15 price movement. The serial correlation of 0.75 indicates that around 75.0% of current NOVHOL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
NOVHOL 6625 15 lagged returns against current returns
Autocorrelation, which is NOVHOL bond'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 NOVHOL's bond expected returns. We can calculate the autocorrelation of NOVHOL returns to help us make a trade decision. For example, suppose you find that NOVHOL has exhibited high autocorrelation historically, and you observe that the bond 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 |
NOVHOL 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 NOVHOL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NOVHOL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NOVHOL bond over time.
Current vs Lagged Prices |
| Timeline |
NOVHOL Lagged Returns
When evaluating NOVHOL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NOVHOL bond have on its future price. NOVHOL 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, NOVHOL autocorrelation shows the relationship between NOVHOL bond current value and its past values and can show if there is a momentum factor associated with investing in NOVHOL 6625 15 APR 29.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in NOVHOL Bond
NOVHOL financial ratios help investors to determine whether NOVHOL Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NOVHOL with respect to the benefits of owning NOVHOL security.