Nanosonics (Australia) Market Value
| NAN Stock | 3.25 0.03 0.93% |
| Symbol | Nanosonics |
Nanosonics '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 Nanosonics' 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 Nanosonics.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nanosonics on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Nanosonics or generate 0.0% return on investment in Nanosonics over 180 days. Nanosonics is related to or competes with Regal Investment, BKI Investment, Computershare, Australian United, Ora Banda, Premier Investments, and Mayfield Childcare. Nanosonics is entity of Australia. It is traded as Stock on AU exchange. More
Nanosonics 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 Nanosonics' 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 Nanosonics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.9 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 4.23 |
Nanosonics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanosonics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanosonics' standard deviation. In reality, there are many statistical measures that can use Nanosonics historical prices to predict the future Nanosonics' volatility.| Risk Adjusted Performance | 0.0199 | |||
| Jensen Alpha | 0.0807 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.07) |
Nanosonics Backtested Returns
Currently, Nanosonics is moderately volatile. Nanosonics has Sharpe Ratio of 0.0152, which conveys that the firm had a 0.0152% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nanosonics, which you can use to evaluate the volatility of the firm. Please verify Nanosonics' Downside Deviation of 2.43, risk adjusted performance of 0.0199, and Mean Deviation of 1.68 to check out if the risk estimate we provide is consistent with the expected return of 0.0334%. Nanosonics has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nanosonics are expected to decrease at a much lower rate. During the bear market, Nanosonics is likely to outperform the market. Nanosonics right now secures a risk of 2.2%. Please verify Nanosonics sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Nanosonics will be following its current price movements.
Auto-correlation | 0.01 |
Virtually no predictability
Nanosonics has virtually no predictability. Overlapping area represents the amount of predictability between Nanosonics time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Nanosonics price movement. The serial correlation of 0.01 indicates that just 1.0% of current Nanosonics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Nanosonics lagged returns against current returns
Autocorrelation, which is Nanosonics 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 Nanosonics' stock expected returns. We can calculate the autocorrelation of Nanosonics returns to help us make a trade decision. For example, suppose you find that Nanosonics 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 |
Nanosonics 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 Nanosonics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanosonics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanosonics stock over time.
Current vs Lagged Prices |
| Timeline |
Nanosonics Lagged Returns
When evaluating Nanosonics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanosonics stock have on its future price. Nanosonics 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, Nanosonics autocorrelation shows the relationship between Nanosonics stock current value and its past values and can show if there is a momentum factor associated with investing in Nanosonics.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nanosonics Stock Analysis
When running Nanosonics' price analysis, check to measure Nanosonics' 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 Nanosonics is operating at the current time. Most of Nanosonics' value examination focuses on studying past and present price action to predict the probability of Nanosonics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanosonics' price. Additionally, you may evaluate how the addition of Nanosonics to your portfolios can decrease your overall portfolio volatility.