Nano Labs Etf Market Value
| NA Etf | USD 4.32 0.67 13.43% |
| Symbol | Nano |
The market value of Nano Labs is measured differently than its book value, which is the value of Nano that is recorded on the company's balance sheet. Investors also form their own opinion of Nano Labs' value that differs from its market value or its book value, called intrinsic value, which is Nano Labs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nano Labs' market value can be influenced by many factors that don't directly affect Nano Labs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nano Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nano Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nano Labs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nano Labs '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 Nano Labs' etf 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 Nano Labs.
| 05/25/2024 |
| 11/21/2024 |
If you would invest 0.00 in Nano Labs on May 25, 2024 and sell it all today you would earn a total of 0.00 from holding Nano Labs or generate 0.0% return on investment in Nano Labs over 180 days. Nano Labs is related to or competes with SEALSQ Corp, GSI Technology, SemiLEDS, ChipMOS Technologies, Wisekey International, Silicon Motion, and United Microelectronics. Nano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the Peoples Repub... More
Nano Labs 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 Nano Labs' etf 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 Nano Labs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.18 | |||
| Information Ratio | 0.096 | |||
| Maximum Drawdown | 160.41 | |||
| Value At Risk | (19.40) | |||
| Potential Upside | 31.52 |
Nano Labs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nano Labs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nano Labs' standard deviation. In reality, there are many statistical measures that can use Nano Labs historical prices to predict the future Nano Labs' volatility.| Risk Adjusted Performance | 0.0853 | |||
| Jensen Alpha | 2.66 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.1886 | |||
| Treynor Ratio | (0.40) |
Nano Labs Backtested Returns
Nano Labs is extremely dangerous given 3 months investment horizon. Nano Labs has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 2.24% are justified by taking the suggested risk. Use Nano Labs Downside Deviation of 11.18, risk adjusted performance of 0.0853, and Mean Deviation of 11.16 to evaluate company specific risk that cannot be diversified away. The etf secures a Beta (Market Risk) of -5.42, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nano Labs are expected to decrease by larger amounts. On the other hand, during market turmoil, Nano Labs is expected to outperform it.
Auto-correlation | -0.21 |
Weak reverse predictability
Nano Labs has weak reverse predictability. Overlapping area represents the amount of predictability between Nano Labs time series from 25th of May 2024 to 23rd of August 2024 and 23rd of August 2024 to 21st 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 Nano Labs price movement. The serial correlation of -0.21 indicates that over 21.0% of current Nano Labs price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 4.82 |
Nano Labs lagged returns against current returns
Autocorrelation, which is Nano Labs etf'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 Nano Labs' etf expected returns. We can calculate the autocorrelation of Nano Labs returns to help us make a trade decision. For example, suppose you find that Nano Labs has exhibited high autocorrelation historically, and you observe that the etf 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 |
Nano Labs 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 Nano Labs etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nano Labs etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nano Labs etf over time.
Current vs Lagged Prices |
| Timeline |
Nano Labs Lagged Returns
When evaluating Nano Labs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nano Labs etf have on its future price. Nano Labs 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, Nano Labs autocorrelation shows the relationship between Nano Labs etf current value and its past values and can show if there is a momentum factor associated with investing in Nano Labs.
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.Other Information on Investing in Nano Etf
Nano Labs financial ratios help investors to determine whether Nano Etf 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 Nano with respect to the benefits of owning Nano Labs security.