Nabtesco Stock Market Value
| NCTKY Stock | USD 9.93 0.30 3.12% |
| Symbol | Nabtesco |
Nabtesco '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 Nabtesco's otc 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 Nabtesco.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Nabtesco on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Nabtesco or generate 0.0% return on investment in Nabtesco over 720 days. Nabtesco is related to or competes with JE Cleantech, Greenland Acquisition, Laser Photonics, Nuburu, Reelcause, Omega Flex, and Luxfer Holdings. Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan a... More
Nabtesco 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 Nabtesco's otc 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 Nabtesco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.97 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 56.0 | |||
| Value At Risk | (11.89) | |||
| Potential Upside | 23.0 |
Nabtesco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nabtesco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nabtesco's standard deviation. In reality, there are many statistical measures that can use Nabtesco historical prices to predict the future Nabtesco's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.8284 | |||
| Total Risk Alpha | 0.5601 | |||
| Sortino Ratio | 0.0798 | |||
| Treynor Ratio | (1.71) |
Nabtesco Backtested Returns
Nabtesco appears to be unstable, given 3 months investment horizon. Nabtesco has Sharpe Ratio of 0.09, which conveys that the firm had a 0.09% return per unit of risk over the last 3 months. By analyzing Nabtesco's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please exercise Nabtesco's Mean Deviation of 4.78, risk adjusted performance of 0.0804, and Downside Deviation of 9.97 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nabtesco holds a performance score of 7. The company secures a Beta (Market Risk) of -0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nabtesco are expected to decrease at a much lower rate. During the bear market, Nabtesco is likely to outperform the market. Please check Nabtesco's total risk alpha, as well as the relationship between the downside variance and rate of daily change , to make a quick decision on whether Nabtesco's current price movements will revert.
Auto-correlation | 0.30 |
Below average predictability
Nabtesco has below average predictability. Overlapping area represents the amount of predictability between Nabtesco time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 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 Nabtesco price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Nabtesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Nabtesco lagged returns against current returns
Autocorrelation, which is Nabtesco otc 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 Nabtesco's otc stock expected returns. We can calculate the autocorrelation of Nabtesco returns to help us make a trade decision. For example, suppose you find that Nabtesco has exhibited high autocorrelation historically, and you observe that the otc 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 |
Nabtesco 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 Nabtesco otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nabtesco otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nabtesco otc stock over time.
Current vs Lagged Prices |
| Timeline |
Nabtesco Lagged Returns
When evaluating Nabtesco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nabtesco otc stock have on its future price. Nabtesco 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, Nabtesco autocorrelation shows the relationship between Nabtesco otc stock current value and its past values and can show if there is a momentum factor associated with investing in Nabtesco.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Nabtesco OTC Stock Analysis
When running Nabtesco's price analysis, check to measure Nabtesco'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 Nabtesco is operating at the current time. Most of Nabtesco's value examination focuses on studying past and present price action to predict the probability of Nabtesco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nabtesco's price. Additionally, you may evaluate how the addition of Nabtesco to your portfolios can decrease your overall portfolio volatility.