Nexans SA (France) Market Value
| NEX Stock | EUR 105.70 3.30 3.03% |
| Symbol | Nexans |
Nexans SA '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 Nexans SA'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 Nexans SA.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Nexans SA on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Nexans SA or generate 0.0% return on investment in Nexans SA over 720 days. Nexans SA is related to or competes with Schneider Electric, Publicis Groupe, Pernod Ricard, Compagnie Generale, and Compagnie. Nexans S.A. provides cables and cabling solutions worldwide More
Nexans SA 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 Nexans SA'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 Nexans SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 13.28 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 4.21 |
Nexans SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexans SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexans SA's standard deviation. In reality, there are many statistical measures that can use Nexans SA historical prices to predict the future Nexans SA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.49) |
Nexans SA Backtested Returns
Nexans SA has Sharpe Ratio of -0.0577, which conveys that the firm had a -0.0577% return per unit of risk over the last 3 months. Nexans SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nexans SA's Standard Deviation of 2.44, risk adjusted performance of (0.03), and Mean Deviation of 1.73 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nexans SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nexans SA is expected to be smaller as well. At this point, Nexans SA has a negative expected return of -0.14%. Please make sure to verify Nexans SA's accumulation distribution, as well as the relationship between the day median price and period momentum indicator , to decide if Nexans SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Nexans SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nexans SA time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Nexans SA price movement. The serial correlation of -0.79 indicates that around 79.0% of current Nexans SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 327.17 |
Nexans SA lagged returns against current returns
Autocorrelation, which is Nexans SA 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 Nexans SA's stock expected returns. We can calculate the autocorrelation of Nexans SA returns to help us make a trade decision. For example, suppose you find that Nexans SA 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 |
Nexans SA 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 Nexans SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexans SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexans SA stock over time.
Current vs Lagged Prices |
| Timeline |
Nexans SA Lagged Returns
When evaluating Nexans SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexans SA stock have on its future price. Nexans SA 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, Nexans SA autocorrelation shows the relationship between Nexans SA stock current value and its past values and can show if there is a momentum factor associated with investing in Nexans SA.
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.Other Information on Investing in Nexans Stock
Nexans SA financial ratios help investors to determine whether Nexans 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 Nexans with respect to the benefits of owning Nexans SA security.