Nagarro Se Stock Market Value
| NGRRF Stock | USD 104.69 2.73 2.68% |
| Symbol | Nagarro |
Nagarro SE '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 Nagarro SE'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 Nagarro SE.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Nagarro SE on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Nagarro SE or generate 0.0% return on investment in Nagarro SE over 30 days. Nagarro SE is related to or competes with Quisitive Technology, Appen, Appen, ASGN, ExlService Holdings, CACI International, and CLARIVATE PLC. Nagarro SE, a digital engineering company, provides digital engineering and technology solutions in North America, Centr... More
Nagarro SE 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 Nagarro SE'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 Nagarro SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.77 | |||
| Information Ratio | 0.0736 | |||
| Maximum Drawdown | 21.89 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 4.86 |
Nagarro SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nagarro SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nagarro SE's standard deviation. In reality, there are many statistical measures that can use Nagarro SE historical prices to predict the future Nagarro SE's volatility.| Risk Adjusted Performance | 0.095 | |||
| Jensen Alpha | 0.4477 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0662 | |||
| Treynor Ratio | (0.69) |
Nagarro SE Backtested Returns
Nagarro SE appears to be very steady, given 3 months investment horizon. Nagarro SE has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nagarro SE, which you can use to evaluate the volatility of the firm. Please exercise Nagarro SE's Downside Deviation of 3.77, risk adjusted performance of 0.095, and Mean Deviation of 2.04 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nagarro SE holds a performance score of 10. The company secures a Beta (Market Risk) of -0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nagarro SE are expected to decrease at a much lower rate. During the bear market, Nagarro SE is likely to outperform the market. Please check Nagarro SE's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Nagarro SE's current price movements will revert.
Auto-correlation | 0.34 |
Below average predictability
Nagarro SE has below average predictability. Overlapping area represents the amount of predictability between Nagarro SE time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Nagarro SE price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Nagarro SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 4.46 |
Nagarro SE lagged returns against current returns
Autocorrelation, which is Nagarro SE 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 Nagarro SE's pink sheet expected returns. We can calculate the autocorrelation of Nagarro SE returns to help us make a trade decision. For example, suppose you find that Nagarro SE 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 |
Nagarro SE 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 Nagarro SE pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nagarro SE pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nagarro SE pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nagarro SE Lagged Returns
When evaluating Nagarro SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nagarro SE pink sheet have on its future price. Nagarro SE 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, Nagarro SE autocorrelation shows the relationship between Nagarro SE pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nagarro SE.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nagarro Pink Sheet
Nagarro SE financial ratios help investors to determine whether Nagarro 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 Nagarro with respect to the benefits of owning Nagarro SE security.