Ncino Inc Stock Market Value
| NCNO Stock | USD 42.20 0.78 1.88% |
| Symbol | NCino |
nCino Inc Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NCino. If investors know NCino will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NCino listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.26) | Revenue Per Share 4.444 | Quarterly Revenue Growth 0.129 | Return On Assets (0.01) | Return On Equity (0.03) |
The market value of nCino Inc is measured differently than its book value, which is the value of NCino that is recorded on the company's balance sheet. Investors also form their own opinion of NCino's value that differs from its market value or its book value, called intrinsic value, which is NCino's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NCino's market value can be influenced by many factors that don't directly affect NCino's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NCino's value and its price as these two are different measures arrived at by different means. Investors typically determine if NCino is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NCino's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NCino '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 NCino'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 NCino.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in NCino on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding nCino Inc or generate 0.0% return on investment in NCino over 30 days. NCino is related to or competes with OLB. nCino, Inc., a software-as-a-service company, provides cloud-based software applications to financial institutions in th... More
NCino 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 NCino'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 nCino Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.0752 | |||
| Maximum Drawdown | 16.06 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.15 |
NCino Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NCino's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NCino's standard deviation. In reality, there are many statistical measures that can use NCino historical prices to predict the future NCino's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.1171 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0615 | |||
| Treynor Ratio | 0.1936 |
nCino Inc Backtested Returns
NCino appears to be very steady, given 3 months investment horizon. nCino Inc has Sharpe Ratio of 0.31, which conveys that the company had a 0.31% return per unit of risk over the last 3 months. By reviewing NCino's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise NCino's Downside Deviation of 3.1, semi deviation of 2.6, and Mean Deviation of 1.56 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NCino holds a performance score of 24. The firm secures a Beta (Market Risk) of 1.61, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NCino will likely underperform. Please check NCino's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether NCino's current price movements will revert.
Auto-correlation | 0.27 |
Poor predictability
nCino Inc has poor predictability. Overlapping area represents the amount of predictability between NCino 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 nCino Inc price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current NCino price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
nCino Inc lagged returns against current returns
Autocorrelation, which is NCino 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 NCino's stock expected returns. We can calculate the autocorrelation of NCino returns to help us make a trade decision. For example, suppose you find that NCino 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 |
NCino 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 NCino stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NCino stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NCino stock over time.
Current vs Lagged Prices |
| Timeline |
NCino Lagged Returns
When evaluating NCino's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NCino stock have on its future price. NCino 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, NCino autocorrelation shows the relationship between NCino stock current value and its past values and can show if there is a momentum factor associated with investing in nCino Inc.
Regressed Prices |
| Timeline |
Pair Trading with NCino
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NCino position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NCino will appreciate offsetting losses from the drop in the long position's value.Moving together with NCino Stock
Moving against NCino Stock
| 0.65 | DMAN | Innovativ Media Group | PairCorr |
| 0.54 | VTEX | VTEX | PairCorr |
| 0.46 | VCSA | Vacasa Inc | PairCorr |
| 0.43 | VERB | VERB TECHNOLOGY PANY Trending | PairCorr |
The ability to find closely correlated positions to NCino could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NCino when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NCino - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling nCino Inc to buy it.
The correlation of NCino is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NCino moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nCino Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NCino can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out NCino Correlation, NCino Volatility and NCino Alpha and Beta module to complement your research on NCino. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
NCino technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.