NESNVX 3625 24 SEP 28 Market Value

641062AF1   95.97  0.40  0.42%   
NESNVX's market value is the price at which a share of NESNVX trades on an exchange. It measures the collective expectations of NESNVX 3625 24 SEP 28 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of NESNVX 3625 24 SEP 28 and determine expected loss or profit from investing in NESNVX over a given investment horizon.
Check out NESNVX Correlation, NESNVX Volatility and NESNVX Alpha and Beta module to complement your research on NESNVX.
Symbol

Please note, there is a significant difference between NESNVX's value and its price as these two are different measures arrived at by different means. Investors typically determine if NESNVX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NESNVX'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.

NESNVX '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 NESNVX'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 NESNVX.
0.00
11/24/2024
No Change 0.00  0.0 
In 30 days
12/24/2024
0.00
If you would invest  0.00  in NESNVX on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding NESNVX 3625 24 SEP 28 or generate 0.0% return on investment in NESNVX over 30 days. NESNVX is related to or competes with Insteel Industries, ArcelorMittal, Four Seasons, Scholastic, Universal Technical, Coursera, and Pearson PLC. More

NESNVX 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 NESNVX'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 NESNVX 3625 24 SEP 28 upside and downside potential and time the market with a certain degree of confidence.

NESNVX Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NESNVX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NESNVX's standard deviation. In reality, there are many statistical measures that can use NESNVX historical prices to predict the future NESNVX's volatility.
Hype
Prediction
LowEstimatedHigh
95.7095.9796.24
Details
Intrinsic
Valuation
LowRealHigh
92.4692.73105.57
Details

NESNVX 3625 24 Backtested Returns

NESNVX 3625 24 has Sharpe Ratio of -0.28, which conveys that the entity had a -0.28% return per unit of standard deviation over the last 3 months. NESNVX exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NESNVX's Market Risk Adjusted Performance of 0.3324, risk adjusted performance of 0.0248, and Mean Deviation of 0.2325 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.0186, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NESNVX's returns are expected to increase less than the market. However, during the bear market, the loss of holding NESNVX is expected to be smaller as well.

Auto-correlation

    
  -0.9  

Excellent reverse predictability

NESNVX 3625 24 SEP 28 has excellent reverse predictability. Overlapping area represents the amount of predictability between NESNVX time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 NESNVX 3625 24 price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current NESNVX price fluctuation can be explain by its past prices.
Correlation Coefficient-0.9
Spearman Rank Test-0.77
Residual Average0.0
Price Variance0.16

NESNVX 3625 24 lagged returns against current returns

Autocorrelation, which is NESNVX 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 NESNVX's bond expected returns. We can calculate the autocorrelation of NESNVX returns to help us make a trade decision. For example, suppose you find that NESNVX 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  

NESNVX 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 NESNVX bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NESNVX bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NESNVX bond over time.
   Current vs Lagged Prices   
       Timeline  

NESNVX Lagged Returns

When evaluating NESNVX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NESNVX bond have on its future price. NESNVX 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, NESNVX autocorrelation shows the relationship between NESNVX bond current value and its past values and can show if there is a momentum factor associated with investing in NESNVX 3625 24 SEP 28.
   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 NESNVX Bond

NESNVX financial ratios help investors to determine whether NESNVX 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 NESNVX with respect to the benefits of owning NESNVX security.