Nanobiotix (France) Market Value
| NANO Stock | EUR 3.33 0.17 4.86% |
| Symbol | Nanobiotix |
Nanobiotix '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 Nanobiotix'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 Nanobiotix.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Nanobiotix on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Nanobiotix SA or generate 0.0% return on investment in Nanobiotix over 510 days. Nanobiotix is related to or competes with Vetoquinol, Trigano SA, Biomerieux, Sartorius Stedim, and Ipsen SA. Nanobiotix SA, a late stage clinical company, develops and sells nanomedicine for the treatment of cancer worldwide More
Nanobiotix 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 Nanobiotix'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 Nanobiotix SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 18.72 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 4.49 |
Nanobiotix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanobiotix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanobiotix's standard deviation. In reality, there are many statistical measures that can use Nanobiotix historical prices to predict the future Nanobiotix's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (0.64) |
Nanobiotix SA Backtested Returns
Nanobiotix SA has Sharpe Ratio of -0.25, which conveys that the firm had a -0.25% return per unit of risk over the last 3 months. Nanobiotix exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nanobiotix's Risk Adjusted Performance of (0.11), mean deviation of 2.04, and Standard Deviation of 3.04 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.74, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nanobiotix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanobiotix is expected to be smaller as well. At this point, Nanobiotix SA has a negative expected return of -0.65%. Please make sure to verify Nanobiotix's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Nanobiotix SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Nanobiotix SA has modest predictability. Overlapping area represents the amount of predictability between Nanobiotix 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 Nanobiotix SA price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Nanobiotix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Nanobiotix SA lagged returns against current returns
Autocorrelation, which is Nanobiotix 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 Nanobiotix's stock expected returns. We can calculate the autocorrelation of Nanobiotix returns to help us make a trade decision. For example, suppose you find that Nanobiotix 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 |
Nanobiotix 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 Nanobiotix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanobiotix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanobiotix stock over time.
Current vs Lagged Prices |
| Timeline |
Nanobiotix Lagged Returns
When evaluating Nanobiotix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanobiotix stock have on its future price. Nanobiotix 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, Nanobiotix autocorrelation shows the relationship between Nanobiotix stock current value and its past values and can show if there is a momentum factor associated with investing in Nanobiotix SA.
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 Nanobiotix Stock
Nanobiotix financial ratios help investors to determine whether Nanobiotix Stock 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 Nanobiotix with respect to the benefits of owning Nanobiotix security.