Nfi Group Stock Market Value
| NFYEF Stock | USD 10.45 0.41 3.78% |
| Symbol | NFI |
NFI '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 NFI's pink sheet 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 NFI.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in NFI on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding NFI Group or generate 0.0% return on investment in NFI over 360 days. NFI is related to or competes with Guangzhou Automobile, Exor NV, Aston Martin, Geely Automobile, Aston Martin, Polestar Automotive, and Mercedes Benz. NFI Group Inc., together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europ... More
NFI 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 NFI's pink sheet 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 NFI Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 9.51 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 2.06 |
NFI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NFI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NFI's standard deviation. In reality, there are many statistical measures that can use NFI historical prices to predict the future NFI's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.83) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NFI's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NFI Group Backtested Returns
NFI Group has Sharpe Ratio of -0.26, which conveys that the firm had a -0.26% return per unit of volatility over the last 3 months. NFI exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NFI's risk adjusted performance of (0.17), and Mean Deviation of 1.3 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NFI's returns are expected to increase less than the market. However, during the bear market, the loss of holding NFI is expected to be smaller as well. At this point, NFI Group has a negative expected return of -0.46%. Please make sure to verify NFI's total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if NFI Group performance from the past will be repeated in the future.
Auto-correlation | -0.64 |
Very good reverse predictability
NFI Group has very good reverse predictability. Overlapping area represents the amount of predictability between NFI time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 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 NFI Group price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current NFI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
NFI Group lagged returns against current returns
Autocorrelation, which is NFI pink sheet'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 NFI's pink sheet expected returns. We can calculate the autocorrelation of NFI returns to help us make a trade decision. For example, suppose you find that NFI has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
NFI 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 NFI pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NFI pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NFI pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NFI Lagged Returns
When evaluating NFI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NFI pink sheet have on its future price. NFI 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, NFI autocorrelation shows the relationship between NFI pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NFI Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NFI Pink Sheet
NFI financial ratios help investors to determine whether NFI Pink Sheet 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 NFI with respect to the benefits of owning NFI security.