Nova Mentis (Germany) Market Value
| HN3Q Stock | EUR 0.02 0 20.81% |
| Symbol | Nova |
Nova Mentis '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 Nova Mentis' 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 Nova Mentis.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Nova Mentis on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Nova Mentis Life or generate 0.0% return on investment in Nova Mentis over 720 days. Nova Mentis is related to or competes with Insurance Australia, MSAD INSURANCE, Unity Software, FORMPIPE SOFTWARE, Check Point, Reinsurance Group, and ZURICH INSURANCE. Nova Mentis Life Science Corp., through its subsidiaries, engages in the research and development of medicinal psychedel... More
Nova Mentis 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 Nova Mentis' 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 Nova Mentis Life upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 62.47 | |||
| Information Ratio | 0.1222 | |||
| Maximum Drawdown | 17333.33 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 83.91 |
Nova Mentis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Mentis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova Mentis' standard deviation. In reality, there are many statistical measures that can use Nova Mentis historical prices to predict the future Nova Mentis' volatility.| Risk Adjusted Performance | 0.1032 | |||
| Jensen Alpha | 286.94 | |||
| Total Risk Alpha | (17.45) | |||
| Sortino Ratio | 4.17 | |||
| Treynor Ratio | (0.97) |
Nova Mentis Life Backtested Returns
Nova Mentis is out of control given 3 months investment horizon. Nova Mentis Life has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 13.87% are justified by taking the suggested risk. Use Nova Mentis Life Downside Deviation of 62.47, risk adjusted performance of 0.1032, and Mean Deviation of 516.35 to evaluate company specific risk that cannot be diversified away. Nova Mentis holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -267.45, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nova Mentis are expected to decrease by larger amounts. On the other hand, during market turmoil, Nova Mentis is expected to outperform it. Use Nova Mentis Life maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on Nova Mentis Life.
Auto-correlation | -0.29 |
Weak reverse predictability
Nova Mentis Life has weak reverse predictability. Overlapping area represents the amount of predictability between Nova Mentis time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Nova Mentis Life price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Nova Mentis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nova Mentis Life lagged returns against current returns
Autocorrelation, which is Nova Mentis 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 Nova Mentis' stock expected returns. We can calculate the autocorrelation of Nova Mentis returns to help us make a trade decision. For example, suppose you find that Nova Mentis 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 |
Nova Mentis 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 Nova Mentis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova Mentis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova Mentis stock over time.
Current vs Lagged Prices |
| Timeline |
Nova Mentis Lagged Returns
When evaluating Nova Mentis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nova Mentis stock have on its future price. Nova Mentis 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, Nova Mentis autocorrelation shows the relationship between Nova Mentis stock current value and its past values and can show if there is a momentum factor associated with investing in Nova Mentis Life.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nova Stock
Nova Mentis financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Mentis security.