Nightingale Health (Finland) Market Value
| HEALTH Stock | EUR 2.82 0.10 3.42% |
| Symbol | Nightingale |
Nightingale Health '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 Nightingale Health'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 Nightingale Health.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nightingale Health on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nightingale Health Oyj or generate 0.0% return on investment in Nightingale Health over 30 days. Nightingale Health is related to or competes with Vaisala Oyj, CapMan Oyj, KONE Oyj, Solteq PLC, QPR Software, Exel Composites, and Oriola KD. Nightingale Health Ltd. offers a health data platform that detects disease risks More
Nightingale Health 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 Nightingale Health'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 Nightingale Health Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 28.78 | |||
| Value At Risk | (6.02) | |||
| Potential Upside | 9.3 |
Nightingale Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nightingale Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nightingale Health's standard deviation. In reality, there are many statistical measures that can use Nightingale Health historical prices to predict the future Nightingale Health's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nightingale Health'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.
Nightingale Health Oyj Backtested Returns
Nightingale Health Oyj has Sharpe Ratio of -0.0849, which conveys that the firm had a -0.0849% return per unit of risk over the last 3 months. Nightingale Health exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nightingale Health's Standard Deviation of 4.33, risk adjusted performance of (0.02), and Mean Deviation of 3.02 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.15, which conveys a somewhat significant risk relative to the market. Nightingale Health returns are very sensitive to returns on the market. As the market goes up or down, Nightingale Health is expected to follow. At this point, Nightingale Health Oyj has a negative expected return of -0.36%. Please make sure to verify Nightingale Health's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Nightingale Health Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Nightingale Health Oyj has very good reverse predictability. Overlapping area represents the amount of predictability between Nightingale Health time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Nightingale Health Oyj price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Nightingale Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nightingale Health Oyj lagged returns against current returns
Autocorrelation, which is Nightingale Health 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 Nightingale Health's stock expected returns. We can calculate the autocorrelation of Nightingale Health returns to help us make a trade decision. For example, suppose you find that Nightingale Health 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 |
Nightingale Health 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 Nightingale Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nightingale Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nightingale Health stock over time.
Current vs Lagged Prices |
| Timeline |
Nightingale Health Lagged Returns
When evaluating Nightingale Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nightingale Health stock have on its future price. Nightingale Health 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, Nightingale Health autocorrelation shows the relationship between Nightingale Health stock current value and its past values and can show if there is a momentum factor associated with investing in Nightingale Health Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Nightingale Stock
Nightingale Health financial ratios help investors to determine whether Nightingale 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 Nightingale with respect to the benefits of owning Nightingale Health security.