Noble Financials (Poland) Market Value
| IBS Stock | 86.20 0.20 0.23% |
| Symbol | Noble |
Noble Financials '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 Noble Financials' 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 Noble Financials.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Noble Financials on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Noble Financials SA or generate 0.0% return on investment in Noble Financials over 30 days. Noble Financials is related to or competes with MLP Group, Asseco Business, Movie Games, and Igoria Trade. More
Noble Financials 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 Noble Financials' 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 Noble Financials SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.32 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 22.73 | |||
| Value At Risk | (5.87) | |||
| Potential Upside | 6.46 |
Noble Financials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noble Financials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Noble Financials' standard deviation. In reality, there are many statistical measures that can use Noble Financials historical prices to predict the future Noble Financials' volatility.| Risk Adjusted Performance | 0.0217 | |||
| Jensen Alpha | (0.0006) | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0847 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Noble Financials' 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.
Noble Financials Backtested Returns
Currently, Noble Financials SA is very steady. Noble Financials has Sharpe Ratio of 0.0133, which conveys that the firm had a 0.0133% return per unit of risk over the last 3 months. We have found thirty technical indicators for Noble Financials, which you can use to evaluate the volatility of the firm. Please verify Noble Financials' Downside Deviation of 4.32, mean deviation of 3.26, and Risk Adjusted Performance of 0.0217 to check out if the risk estimate we provide is consistent with the expected return of 0.0536%. Noble Financials has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.8, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Noble Financials' returns are expected to increase less than the market. However, during the bear market, the loss of holding Noble Financials is expected to be smaller as well. Noble Financials right now secures a risk of 4.03%. Please verify Noble Financials SA potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Noble Financials SA will be following its current price movements.
Auto-correlation | 0.54 |
Modest predictability
Noble Financials SA has modest predictability. Overlapping area represents the amount of predictability between Noble Financials 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 Noble Financials price movement. The serial correlation of 0.54 indicates that about 54.0% of current Noble Financials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 19.4 |
Noble Financials lagged returns against current returns
Autocorrelation, which is Noble Financials 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 Noble Financials' stock expected returns. We can calculate the autocorrelation of Noble Financials returns to help us make a trade decision. For example, suppose you find that Noble Financials 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 |
Noble Financials 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 Noble Financials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Noble Financials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Noble Financials stock over time.
Current vs Lagged Prices |
| Timeline |
Noble Financials Lagged Returns
When evaluating Noble Financials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Noble Financials stock have on its future price. Noble Financials 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, Noble Financials autocorrelation shows the relationship between Noble Financials stock current value and its past values and can show if there is a momentum factor associated with investing in Noble Financials SA.
Regressed Prices |
| Timeline |
Pair Trading with Noble Financials
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Noble Financials position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Noble Financials will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Noble Financials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Noble Financials when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Noble Financials - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Noble Financials SA to buy it.
The correlation of Noble Financials is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Noble Financials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Noble Financials moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Noble Financials can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Noble Stock Analysis
When running Noble Financials' price analysis, check to measure Noble Financials' 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 Noble Financials is operating at the current time. Most of Noble Financials' value examination focuses on studying past and present price action to predict the probability of Noble Financials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Financials' price. Additionally, you may evaluate how the addition of Noble Financials to your portfolios can decrease your overall portfolio volatility.