Nicolas Correa (Spain) Market Value
| NEA Stock | EUR 7.16 0.14 1.99% |
| Symbol | Nicolas |
Nicolas Correa '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 Nicolas Correa'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 Nicolas Correa.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Nicolas Correa on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Nicolas Correa SA or generate 0.0% return on investment in Nicolas Correa over 720 days. Nicolas Correa is related to or competes with NH Hoteles, Energy Solar, Plasticos Compuestos, Atresmedia Corporacin, and Naturhouse Health. Nicols Correa, S.A. designs, manufactures, and sells milling machines worldwide More
Nicolas Correa 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 Nicolas Correa'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 Nicolas Correa SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.32 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.99 |
Nicolas Correa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nicolas Correa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nicolas Correa's standard deviation. In reality, there are many statistical measures that can use Nicolas Correa historical prices to predict the future Nicolas Correa's volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | 0.0609 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.20) |
Nicolas Correa SA Backtested Returns
At this point, Nicolas Correa is not too volatile. Nicolas Correa SA has Sharpe Ratio of 0.0588, which conveys that the firm had a 0.0588% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nicolas Correa, which you can use to evaluate the volatility of the firm. Please verify Nicolas Correa's Downside Deviation of 1.53, risk adjusted performance of 0.0318, and Mean Deviation of 1.03 to check out if the risk estimate we provide is consistent with the expected return of 0.0807%. Nicolas Correa has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nicolas Correa are expected to decrease at a much lower rate. During the bear market, Nicolas Correa is likely to outperform the market. Nicolas Correa SA right now secures a risk of 1.37%. Please verify Nicolas Correa SA total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Nicolas Correa SA will be following its current price movements.
Auto-correlation | 0.81 |
Very good predictability
Nicolas Correa SA has very good predictability. Overlapping area represents the amount of predictability between Nicolas Correa time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Nicolas Correa SA price movement. The serial correlation of 0.81 indicates that around 81.0% of current Nicolas Correa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Nicolas Correa SA lagged returns against current returns
Autocorrelation, which is Nicolas Correa 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 Nicolas Correa's stock expected returns. We can calculate the autocorrelation of Nicolas Correa returns to help us make a trade decision. For example, suppose you find that Nicolas Correa 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 |
Nicolas Correa 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 Nicolas Correa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nicolas Correa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nicolas Correa stock over time.
Current vs Lagged Prices |
| Timeline |
Nicolas Correa Lagged Returns
When evaluating Nicolas Correa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nicolas Correa stock have on its future price. Nicolas Correa 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, Nicolas Correa autocorrelation shows the relationship between Nicolas Correa stock current value and its past values and can show if there is a momentum factor associated with investing in Nicolas Correa SA.
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.Other Information on Investing in Nicolas Stock
Nicolas Correa financial ratios help investors to determine whether Nicolas 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 Nicolas with respect to the benefits of owning Nicolas Correa security.