Nimbus Group (Sweden) Market Value
| BOAT Stock | SEK 16.10 0.35 2.13% |
| Symbol | Nimbus |
Nimbus Group '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 Nimbus Group'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 Nimbus Group.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Nimbus Group on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nimbus Group AB or generate 0.0% return on investment in Nimbus Group over 30 days. Nimbus Group is related to or competes with Dometic Group, Garo AB, Byggmax Group, Nordnet AB, and Lindab International. Nimbus Group AB designs, manufactures, and markets recreational motorboats worldwide More
Nimbus Group 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 Nimbus Group'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 Nimbus Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 15.71 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 3.49 |
Nimbus Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nimbus Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nimbus Group's standard deviation. In reality, there are many statistical measures that can use Nimbus Group historical prices to predict the future Nimbus Group's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (4.27) |
Nimbus Group AB Backtested Returns
Nimbus Group AB has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Nimbus Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nimbus Group's Standard Deviation of 2.84, mean deviation of 2.0, and Risk Adjusted Performance of (0.12) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nimbus Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nimbus Group is expected to be smaller as well. At this point, Nimbus Group AB has a negative expected return of -0.49%. Please make sure to verify Nimbus Group's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Nimbus Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Nimbus Group AB has poor reverse predictability. Overlapping area represents the amount of predictability between Nimbus Group time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Nimbus Group AB price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Nimbus Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Nimbus Group AB lagged returns against current returns
Autocorrelation, which is Nimbus Group 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 Nimbus Group's stock expected returns. We can calculate the autocorrelation of Nimbus Group returns to help us make a trade decision. For example, suppose you find that Nimbus Group 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 |
Nimbus Group 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 Nimbus Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nimbus Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nimbus Group stock over time.
Current vs Lagged Prices |
| Timeline |
Nimbus Group Lagged Returns
When evaluating Nimbus Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nimbus Group stock have on its future price. Nimbus Group 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, Nimbus Group autocorrelation shows the relationship between Nimbus Group stock current value and its past values and can show if there is a momentum factor associated with investing in Nimbus Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nimbus Stock Analysis
When running Nimbus Group's price analysis, check to measure Nimbus Group'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 Nimbus Group is operating at the current time. Most of Nimbus Group's value examination focuses on studying past and present price action to predict the probability of Nimbus Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nimbus Group's price. Additionally, you may evaluate how the addition of Nimbus Group to your portfolios can decrease your overall portfolio volatility.