Nufarm Finance (Australia) Market Value
| NFNG Stock | 91.40 0.85 0.94% |
| Symbol | Nufarm |
Please note, there is a significant difference between Nufarm Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nufarm Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nufarm Finance'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.
Nufarm Finance '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 Nufarm Finance'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 Nufarm Finance.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Nufarm Finance on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Nufarm Finance NZ or generate 0.0% return on investment in Nufarm Finance over 570 days. Nufarm Finance is related to or competes with Westpac Banking, IShares Global, Ridley, and Australian Agricultural. Nufarm Finance is entity of Australia. It is traded as Stock on AU exchange. More
Nufarm Finance 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 Nufarm Finance'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 Nufarm Finance NZ upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9557 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.4 |
Nufarm Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nufarm Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nufarm Finance's standard deviation. In reality, there are many statistical measures that can use Nufarm Finance historical prices to predict the future Nufarm Finance's volatility.| Risk Adjusted Performance | 0.0724 | |||
| Jensen Alpha | 0.0496 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.3511 |
Nufarm Finance NZ Backtested Returns
Currently, Nufarm Finance NZ is very steady. Nufarm Finance NZ has Sharpe Ratio of 0.0814, which conveys that the firm had a 0.0814% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nufarm Finance, which you can use to evaluate the volatility of the firm. Please verify Nufarm Finance's Risk Adjusted Performance of 0.0724, downside deviation of 0.9557, and Mean Deviation of 0.6309 to check out if the risk estimate we provide is consistent with the expected return of 0.0754%. Nufarm Finance has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nufarm Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nufarm Finance is expected to be smaller as well. Nufarm Finance NZ right now secures a risk of 0.93%. Please verify Nufarm Finance NZ downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Nufarm Finance NZ will be following its current price movements.
Auto-correlation | 0.83 |
Very good predictability
Nufarm Finance NZ has very good predictability. Overlapping area represents the amount of predictability between Nufarm Finance time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 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 Nufarm Finance NZ price movement. The serial correlation of 0.83 indicates that around 83.0% of current Nufarm Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
Nufarm Finance NZ lagged returns against current returns
Autocorrelation, which is Nufarm Finance 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 Nufarm Finance's stock expected returns. We can calculate the autocorrelation of Nufarm Finance returns to help us make a trade decision. For example, suppose you find that Nufarm Finance 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 |
Nufarm Finance 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 Nufarm Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nufarm Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nufarm Finance stock over time.
Current vs Lagged Prices |
| Timeline |
Nufarm Finance Lagged Returns
When evaluating Nufarm Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nufarm Finance stock have on its future price. Nufarm Finance 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, Nufarm Finance autocorrelation shows the relationship between Nufarm Finance stock current value and its past values and can show if there is a momentum factor associated with investing in Nufarm Finance NZ.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nufarm Stock Analysis
When running Nufarm Finance's price analysis, check to measure Nufarm Finance'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 Nufarm Finance is operating at the current time. Most of Nufarm Finance's value examination focuses on studying past and present price action to predict the probability of Nufarm Finance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nufarm Finance's price. Additionally, you may evaluate how the addition of Nufarm Finance to your portfolios can decrease your overall portfolio volatility.