Nebag Ag (Switzerland) Market Value
| NBEN Stock | CHF 6.50 0.05 0.78% |
| Symbol | Nebag |
Nebag Ag '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 Nebag Ag'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 Nebag Ag.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Nebag Ag on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Nebag ag or generate 0.0% return on investment in Nebag Ag over 390 days. Nebag Ag is related to or competes with Bachem Holding, Kudelski, Alpine Select, BB Biotech, and Inficon Holding. The firm provides its services to Institutional and private investors More
Nebag Ag 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 Nebag Ag'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 Nebag ag upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.61 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.27 |
Nebag Ag Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nebag Ag's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nebag Ag's standard deviation. In reality, there are many statistical measures that can use Nebag Ag historical prices to predict the future Nebag Ag's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 5.65 |
Nebag ag Backtested Returns
Nebag ag has Sharpe Ratio of -0.076, which conveys that the firm had a -0.076% return per unit of risk over the last 3 months. Nebag Ag exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nebag Ag's Risk Adjusted Performance of (0.06), mean deviation of 0.9059, and Standard Deviation of 1.28 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0202, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nebag Ag are expected to decrease at a much lower rate. During the bear market, Nebag Ag is likely to outperform the market. At this point, Nebag ag has a negative expected return of -0.0918%. Please make sure to verify Nebag Ag's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Nebag ag performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Nebag ag has good predictability. Overlapping area represents the amount of predictability between Nebag Ag time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Nebag ag price movement. The serial correlation of 0.66 indicates that around 66.0% of current Nebag Ag price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Nebag ag lagged returns against current returns
Autocorrelation, which is Nebag Ag 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 Nebag Ag's stock expected returns. We can calculate the autocorrelation of Nebag Ag returns to help us make a trade decision. For example, suppose you find that Nebag Ag 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 |
Nebag Ag 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 Nebag Ag stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nebag Ag stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nebag Ag stock over time.
Current vs Lagged Prices |
| Timeline |
Nebag Ag Lagged Returns
When evaluating Nebag Ag's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nebag Ag stock have on its future price. Nebag Ag 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, Nebag Ag autocorrelation shows the relationship between Nebag Ag stock current value and its past values and can show if there is a momentum factor associated with investing in Nebag ag.
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 Nebag Stock Analysis
When running Nebag Ag's price analysis, check to measure Nebag Ag'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 Nebag Ag is operating at the current time. Most of Nebag Ag's value examination focuses on studying past and present price action to predict the probability of Nebag Ag's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nebag Ag's price. Additionally, you may evaluate how the addition of Nebag Ag to your portfolios can decrease your overall portfolio volatility.