Nubeva Technologies Stock Market Value
| NBVA Stock | CAD 0.23 0.02 9.52% |
| Symbol | Nubeva |
Nubeva Technologies Price To Book Ratio
Nubeva Technologies '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 Nubeva Technologies' 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 Nubeva Technologies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nubeva Technologies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nubeva Technologies or generate 0.0% return on investment in Nubeva Technologies over 30 days. Nubeva Technologies is related to or competes with Telus Corp, Toronto Dominion, Manulife Financial, Canadian Natural, TC Energy, Athabasca Oil, and Bank of Nova Scotia. Nubeva Technologies Ltd., together with its subsidiaries, develops software-as-a-service software and services that enab... More
Nubeva Technologies 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 Nubeva Technologies' 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 Nubeva Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 40.71 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 11.11 |
Nubeva Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nubeva Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nubeva Technologies' standard deviation. In reality, there are many statistical measures that can use Nubeva Technologies historical prices to predict the future Nubeva Technologies' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (1.57) | |||
| Treynor Ratio | 1.31 |
Nubeva Technologies Backtested Returns
Nubeva Technologies has Sharpe Ratio of -0.0061, which conveys that the firm had a -0.0061% return per unit of risk over the last 3 months. Nubeva Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nubeva Technologies' Mean Deviation of 5.75, standard deviation of 8.71, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nubeva Technologies are expected to decrease at a much lower rate. During the bear market, Nubeva Technologies is likely to outperform the market. At this point, Nubeva Technologies has a negative expected return of -0.0552%. Please make sure to verify Nubeva Technologies' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Nubeva Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Nubeva Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Nubeva Technologies time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Nubeva Technologies price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Nubeva Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nubeva Technologies lagged returns against current returns
Autocorrelation, which is Nubeva Technologies 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 Nubeva Technologies' stock expected returns. We can calculate the autocorrelation of Nubeva Technologies returns to help us make a trade decision. For example, suppose you find that Nubeva Technologies 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 |
Nubeva Technologies 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 Nubeva Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nubeva Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nubeva Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Nubeva Technologies Lagged Returns
When evaluating Nubeva Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nubeva Technologies stock have on its future price. Nubeva Technologies 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, Nubeva Technologies autocorrelation shows the relationship between Nubeva Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Nubeva Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nubeva Stock Analysis
When running Nubeva Technologies' price analysis, check to measure Nubeva Technologies' 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 Nubeva Technologies is operating at the current time. Most of Nubeva Technologies' value examination focuses on studying past and present price action to predict the probability of Nubeva Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nubeva Technologies' price. Additionally, you may evaluate how the addition of Nubeva Technologies to your portfolios can decrease your overall portfolio volatility.