NicOx SA (France) Market Value
| ALCOX Stock | 0.28 0.00 0.00% |
| Symbol | NicOx |
NicOx SA '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 NicOx SA'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 NicOx SA.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in NicOx SA on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding NicOx SA or generate 0.0% return on investment in NicOx SA over 30 days.
NicOx SA 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 NicOx SA'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 NicOx SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.63 | |||
| Information Ratio | 0.1171 | |||
| Maximum Drawdown | 63.04 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 14.81 |
NicOx SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NicOx SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NicOx SA's standard deviation. In reality, there are many statistical measures that can use NicOx SA historical prices to predict the future NicOx SA's volatility.| Risk Adjusted Performance | 0.0989 | |||
| Jensen Alpha | 1.18 | |||
| Total Risk Alpha | 0.4427 | |||
| Sortino Ratio | 0.2136 | |||
| Treynor Ratio | 0.8932 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NicOx SA'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.
NicOx SA Backtested Returns
NicOx SA appears to be out of control, given 3 months investment horizon. NicOx SA has Sharpe Ratio of 0.0703, which conveys that the firm had a 0.0703% return per unit of risk over the last 3 months. By analyzing NicOx SA's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please exercise NicOx SA's Mean Deviation of 5.0, downside deviation of 5.63, and Risk Adjusted Performance of 0.0989 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NicOx SA holds a performance score of 5. The company secures a Beta (Market Risk) of 1.41, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NicOx SA will likely underperform. Please check NicOx SA's information ratio, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether NicOx SA's current price movements will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
NicOx SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between NicOx SA time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 NicOx SA price movement. The serial correlation of -0.17 indicates that over 17.0% of current NicOx SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NicOx SA lagged returns against current returns
Autocorrelation, which is NicOx SA 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 NicOx SA's stock expected returns. We can calculate the autocorrelation of NicOx SA returns to help us make a trade decision. For example, suppose you find that NicOx SA 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 |
NicOx SA 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 NicOx SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NicOx SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NicOx SA stock over time.
Current vs Lagged Prices |
| Timeline |
NicOx SA Lagged Returns
When evaluating NicOx SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NicOx SA stock have on its future price. NicOx SA 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, NicOx SA autocorrelation shows the relationship between NicOx SA stock current value and its past values and can show if there is a momentum factor associated with investing in NicOx SA.
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 NicOx Stock Analysis
When running NicOx SA's price analysis, check to measure NicOx SA'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 NicOx SA is operating at the current time. Most of NicOx SA's value examination focuses on studying past and present price action to predict the probability of NicOx SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NicOx SA's price. Additionally, you may evaluate how the addition of NicOx SA to your portfolios can decrease your overall portfolio volatility.