Nightfood Holdings Stock Market Value
| NGTF Stock | USD 0.01 0.0002 1.79% |
| Symbol | NightFood |
NightFood Holdings '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 NightFood Holdings' otc 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 NightFood Holdings.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in NightFood Holdings on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding NightFood Holdings or generate 0.0% return on investment in NightFood Holdings over 690 days. NightFood Holdings is related to or competes with A2 Milk, Artisan Consumer, and General Mills. Nightfood Holdings, Inc., through its subsidiaries, engages in the manufacture, marketing, and distribution of sleep-fri... More
NightFood Holdings 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 NightFood Holdings' otc 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 NightFood Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 35.09 | |||
| Value At Risk | (14.06) | |||
| Potential Upside | 14.37 |
NightFood Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NightFood Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NightFood Holdings' standard deviation. In reality, there are many statistical measures that can use NightFood Holdings historical prices to predict the future NightFood Holdings' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.78) | |||
| Treynor Ratio | 0.4569 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NightFood Holdings' 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.
NightFood Holdings Backtested Returns
NightFood Holdings has Sharpe Ratio of -0.0833, which conveys that the firm had a -0.0833% return per unit of risk over the last 3 months. NightFood Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NightFood Holdings' Standard Deviation of 8.28, risk adjusted performance of (0.04), and Mean Deviation of 6.31 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.17, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NightFood Holdings are expected to decrease by larger amounts. On the other hand, during market turmoil, NightFood Holdings is expected to outperform it. At this point, NightFood Holdings has a negative expected return of -0.65%. Please make sure to verify NightFood Holdings' treynor ratio and the relationship between the skewness and price action indicator , to decide if NightFood Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
NightFood Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between NightFood Holdings time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 NightFood Holdings price movement. The serial correlation of -0.06 indicates that barely 6.0% of current NightFood Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NightFood Holdings lagged returns against current returns
Autocorrelation, which is NightFood Holdings otc 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 NightFood Holdings' otc stock expected returns. We can calculate the autocorrelation of NightFood Holdings returns to help us make a trade decision. For example, suppose you find that NightFood Holdings has exhibited high autocorrelation historically, and you observe that the otc 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 |
NightFood Holdings 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 NightFood Holdings otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NightFood Holdings otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NightFood Holdings otc stock over time.
Current vs Lagged Prices |
| Timeline |
NightFood Holdings Lagged Returns
When evaluating NightFood Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NightFood Holdings otc stock have on its future price. NightFood Holdings 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, NightFood Holdings autocorrelation shows the relationship between NightFood Holdings otc stock current value and its past values and can show if there is a momentum factor associated with investing in NightFood Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NightFood OTC Stock
NightFood Holdings financial ratios help investors to determine whether NightFood OTC 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 NightFood with respect to the benefits of owning NightFood Holdings security.