Nib Holdings (Germany) Market Value
| 3GU Stock | EUR 3.28 0.04 1.20% |
| Symbol | Nib |
Nib Holdings '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 Nib Holdings' 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 Nib Holdings.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Nib Holdings on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding nib holdings limited or generate 0.0% return on investment in Nib Holdings over 30 days. Nib Holdings is related to or competes with BORR DRILLING, Pembina Pipeline, Tri Pointe, CompuGroup Medical, and Neinor Homes. nib holdings limited, together with its subsidiaries, provides health insurance services to residents, and international... More
Nib Holdings 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 Nib Holdings' 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 nib holdings limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.18 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 2.84 |
Nib Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nib Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nib Holdings' standard deviation. In reality, there are many statistical measures that can use Nib Holdings historical prices to predict the future Nib Holdings' volatility.| Risk Adjusted Performance | 0.0064 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.20) |
nib holdings limited Backtested Returns
nib holdings limited has Sharpe Ratio of -0.0143, which conveys that the firm had a -0.0143% return per unit of risk over the last 3 months. Nib Holdings exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nib Holdings' Risk Adjusted Performance of 0.0064, market risk adjusted performance of (0.19), and Downside Deviation of 2.01 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0486, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nib Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nib Holdings is expected to be smaller as well. At this point, nib holdings limited has a negative expected return of -0.0281%. Please make sure to verify Nib Holdings' mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if nib holdings limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
nib holdings limited has below average predictability. Overlapping area represents the amount of predictability between Nib Holdings time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 nib holdings limited price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Nib Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
nib holdings limited lagged returns against current returns
Autocorrelation, which is Nib Holdings 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 Nib Holdings' stock expected returns. We can calculate the autocorrelation of Nib Holdings returns to help us make a trade decision. For example, suppose you find that Nib Holdings 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 |
Nib Holdings 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 Nib Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nib Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nib Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Nib Holdings Lagged Returns
When evaluating Nib Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nib Holdings stock have on its future price. Nib Holdings 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, Nib Holdings autocorrelation shows the relationship between Nib Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in nib holdings limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nib Stock
Nib Holdings financial ratios help investors to determine whether Nib Stock 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 Nib with respect to the benefits of owning Nib Holdings security.