N Able Inc Stock Market Value
| NABL Stock | USD 10.31 0.06 0.58% |
| Symbol | NABL |
N Able Inc Price To Book Ratio
Is Systems Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of N Able. If investors know NABL will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about N Able listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.933 | Earnings Share 0.2 | Revenue Per Share 2.484 | Quarterly Revenue Growth 0.083 | Return On Assets 0.0483 |
The market value of N Able Inc is measured differently than its book value, which is the value of NABL that is recorded on the company's balance sheet. Investors also form their own opinion of N Able's value that differs from its market value or its book value, called intrinsic value, which is N Able's 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 N Able's market value can be influenced by many factors that don't directly affect N Able's 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 N Able's value and its price as these two are different measures arrived at by different means. Investors typically determine if N Able is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, N Able's 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.
N Able '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 N Able'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 N Able.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in N Able on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding N Able Inc or generate 0.0% return on investment in N Able over 510 days. N Able is related to or competes with ExlService Holdings, ASGN, Parsons Corp, CACI International, WNS Holdings, Gartner, and Hackett. N-able, Inc. provides cloud-based software solutions for managed service providers in the United States, the United King... More
N Able 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 N Able'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 N Able Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 9.22 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 1.77 |
N Able Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for N Able's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as N Able's standard deviation. In reality, there are many statistical measures that can use N Able historical prices to predict the future N Able's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.40) |
N Able Inc Backtested Returns
N Able Inc retains Efficiency (Sharpe Ratio) of -0.22, which conveys that the company had a -0.22% return per unit of return volatility over the last 3 months. N Able exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify N Able's Standard Deviation of 1.54, market risk adjusted performance of (0.39), and Mean Deviation of 1.08 to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.79, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, N Able's returns are expected to increase less than the market. However, during the bear market, the loss of holding N Able is expected to be smaller as well. At this point, N Able Inc has a negative expected return of -0.33%. Please make sure to verify N Able's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if N Able Inc performance from the past will be repeated sooner or later.
Auto-correlation | -0.12 |
Insignificant reverse predictability
N Able Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between N Able time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 N Able Inc price movement. The serial correlation of -0.12 indicates that less than 12.0% of current N Able price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
N Able Inc lagged returns against current returns
Autocorrelation, which is N Able 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 N Able's stock expected returns. We can calculate the autocorrelation of N Able returns to help us make a trade decision. For example, suppose you find that N Able 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 |
N Able 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 N Able stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if N Able stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in N Able stock over time.
Current vs Lagged Prices |
| Timeline |
N Able Lagged Returns
When evaluating N Able's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of N Able stock have on its future price. N Able 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, N Able autocorrelation shows the relationship between N Able stock current value and its past values and can show if there is a momentum factor associated with investing in N Able Inc.
Regressed Prices |
| Timeline |
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N Able technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.