Nanoco Group (UK) Market Value
| NANO Stock | 14.00 0.64 4.79% |
| Symbol | Nanoco |
Nanoco Group '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 Nanoco Group'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 Nanoco Group.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nanoco Group on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nanoco Group plc or generate 0.0% return on investment in Nanoco Group over 30 days. Nanoco Group is related to or competes with Samsung Electronics, Samsung Electronics, Toyota, and Reliance Industries. Nanoco Group is entity of United Kingdom More
Nanoco Group 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 Nanoco Group'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 Nanoco Group plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.66 | |||
| Information Ratio | 0.0103 | |||
| Maximum Drawdown | 35.61 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 7.22 |
Nanoco Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanoco Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanoco Group's standard deviation. In reality, there are many statistical measures that can use Nanoco Group historical prices to predict the future Nanoco Group's volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.1743 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | 0.0083 | |||
| Treynor Ratio | (5.45) |
Nanoco Group plc Backtested Returns
Nanoco Group appears to be somewhat reliable, given 3 months investment horizon. Nanoco Group plc has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Nanoco Group's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please exercise Nanoco Group's Risk Adjusted Performance of 0.0342, mean deviation of 3.03, and Downside Deviation of 6.66 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanoco Group holds a performance score of 16. The company secures a Beta (Market Risk) of -0.0313, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nanoco Group are expected to decrease at a much lower rate. During the bear market, Nanoco Group is likely to outperform the market. Please check Nanoco Group's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Nanoco Group's current price movements will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Nanoco Group plc has virtually no predictability. Overlapping area represents the amount of predictability between Nanoco Group time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Nanoco Group plc price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Nanoco Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.29 |
Nanoco Group plc lagged returns against current returns
Autocorrelation, which is Nanoco Group 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 Nanoco Group's stock expected returns. We can calculate the autocorrelation of Nanoco Group returns to help us make a trade decision. For example, suppose you find that Nanoco Group 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 |
Nanoco Group 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 Nanoco Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanoco Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanoco Group stock over time.
Current vs Lagged Prices |
| Timeline |
Nanoco Group Lagged Returns
When evaluating Nanoco Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanoco Group stock have on its future price. Nanoco Group 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, Nanoco Group autocorrelation shows the relationship between Nanoco Group stock current value and its past values and can show if there is a momentum factor associated with investing in Nanoco Group plc.
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.Additional Tools for Nanoco Stock Analysis
When running Nanoco Group's price analysis, check to measure Nanoco Group's 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 Nanoco Group is operating at the current time. Most of Nanoco Group's value examination focuses on studying past and present price action to predict the probability of Nanoco Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanoco Group's price. Additionally, you may evaluate how the addition of Nanoco Group to your portfolios can decrease your overall portfolio volatility.