Nolato AB (UK) Market Value
| 0OA9 Stock | 52.85 0.40 0.76% |
| Symbol | Nolato |
Nolato 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 Nolato 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 Nolato AB.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Nolato AB on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nolato AB ser or generate 0.0% return on investment in Nolato AB over 30 days. Nolato AB is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and Hon Hai. Nolato AB is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Nolato 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 Nolato 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 Nolato AB ser upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.72 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.64 |
Nolato AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nolato AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nolato AB's standard deviation. In reality, there are many statistical measures that can use Nolato AB historical prices to predict the future Nolato AB's volatility.| Risk Adjusted Performance | 0.0062 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.02) |
Nolato AB ser Backtested Returns
Nolato AB ser has Sharpe Ratio of -0.0118, which conveys that the firm had a -0.0118% return per unit of risk over the last 3 months. Nolato AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nolato AB's Risk Adjusted Performance of 0.0062, standard deviation of 2.17, and Mean Deviation of 1.47 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.52, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nolato AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nolato AB is expected to be smaller as well. At this point, Nolato AB ser has a negative expected return of -0.0257%. Please make sure to verify Nolato AB's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Nolato AB ser performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Nolato AB ser has below average predictability. Overlapping area represents the amount of predictability between Nolato AB time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Nolato AB ser price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Nolato AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.83 |
Nolato AB ser lagged returns against current returns
Autocorrelation, which is Nolato 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 Nolato AB's stock expected returns. We can calculate the autocorrelation of Nolato AB returns to help us make a trade decision. For example, suppose you find that Nolato 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 |
Nolato 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 Nolato AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nolato AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nolato AB stock over time.
Current vs Lagged Prices |
| Timeline |
Nolato AB Lagged Returns
When evaluating Nolato AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nolato AB stock have on its future price. Nolato 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, Nolato AB autocorrelation shows the relationship between Nolato AB stock current value and its past values and can show if there is a momentum factor associated with investing in Nolato AB ser.
Regressed Prices |
| Timeline |
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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.Additional Tools for Nolato Stock Analysis
When running Nolato AB's price analysis, check to measure Nolato 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 Nolato AB is operating at the current time. Most of Nolato AB's value examination focuses on studying past and present price action to predict the probability of Nolato 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 Nolato AB's price. Additionally, you may evaluate how the addition of Nolato AB to your portfolios can decrease your overall portfolio volatility.