Nano Mobile Healthcare Stock Market Value
| VNTH Stock | USD 0.0002 0.0001 100.00% |
| Symbol | Nano |
Nano Mobile '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 Nano Mobile's 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 Nano Mobile.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Nano Mobile on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Nano Mobile Healthcare or generate 0.0% return on investment in Nano Mobile over 360 days. Nano Mobile is related to or competes with Sellas Life, Zijin Mining, Ardelyx, BioNTech, Lipocine, Perseus Mining, and Harmony Gold. Nano Mobile Healthcare, Inc. operates as a mobile health technology company in the United States More
Nano Mobile 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 Nano Mobile's 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 Nano Mobile Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 39.97 | |||
| Information Ratio | 0.1423 | |||
| Maximum Drawdown | 233.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Nano Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nano Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nano Mobile's standard deviation. In reality, there are many statistical measures that can use Nano Mobile historical prices to predict the future Nano Mobile's volatility.| Risk Adjusted Performance | 0.121 | |||
| Jensen Alpha | 6.08 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1359 | |||
| Treynor Ratio | (1.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nano Mobile's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nano Mobile Healthcare Backtested Returns
Nano Mobile is out of control given 3 months investment horizon. Nano Mobile Healthcare has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 4.5% are justified by taking the suggested risk. Use Nano Mobile Healthcare Mean Deviation of 23.57, downside deviation of 39.97, and Risk Adjusted Performance of 0.121 to evaluate company specific risk that cannot be diversified away. Nano Mobile holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -4.68, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nano Mobile are expected to decrease by larger amounts. On the other hand, during market turmoil, Nano Mobile is expected to outperform it. Use Nano Mobile Healthcare value at risk and the relationship between the skewness and relative strength index , to analyze future returns on Nano Mobile Healthcare.
Auto-correlation | -0.01 |
Very weak reverse predictability
Nano Mobile Healthcare has very weak reverse predictability. Overlapping area represents the amount of predictability between Nano Mobile time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Nano Mobile Healthcare price movement. The serial correlation of -0.01 indicates that just 1.0% of current Nano Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nano Mobile Healthcare lagged returns against current returns
Autocorrelation, which is Nano Mobile 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 Nano Mobile's pink sheet expected returns. We can calculate the autocorrelation of Nano Mobile returns to help us make a trade decision. For example, suppose you find that Nano Mobile 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 |
Nano Mobile 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 Nano Mobile pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nano Mobile pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nano Mobile pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nano Mobile Lagged Returns
When evaluating Nano Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nano Mobile pink sheet have on its future price. Nano Mobile 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, Nano Mobile autocorrelation shows the relationship between Nano Mobile pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nano Mobile Healthcare.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nano Pink Sheet
Nano Mobile financial ratios help investors to determine whether Nano Pink Sheet 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 Nano with respect to the benefits of owning Nano Mobile security.