NH Hoteles (Spain) Market Value
| NHH Stock | EUR 4.33 0.06 1.41% |
| Symbol | NHH |
NH Hoteles '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 NH Hoteles' 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 NH Hoteles.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in NH Hoteles on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding NH Hoteles or generate 0.0% return on investment in NH Hoteles over 30 days. NH Hoteles is related to or competes with Melia Hotels, Indra A, Fomento De, Acerinox, and Acciona. NH Hotel Group, S.A. operates hotels in Spain, Benelux, Italy, Germany, Latin America, and internationally More
NH Hoteles 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 NH Hoteles' 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 NH Hoteles upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.34 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 3.0 |
NH Hoteles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NH Hoteles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NH Hoteles' standard deviation. In reality, there are many statistical measures that can use NH Hoteles historical prices to predict the future NH Hoteles' volatility.| Risk Adjusted Performance | 0.036 | |||
| Jensen Alpha | 0.0133 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1675 |
NH Hoteles Backtested Returns
At this point, NH Hoteles is somewhat reliable. NH Hoteles retains Efficiency (Sharpe Ratio) of 0.0596, which conveys that the firm had a 0.0596% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for NH Hoteles, which you can use to evaluate the volatility of the firm. Please verify NH Hoteles' Standard Deviation of 1.34, mean deviation of 0.9833, and Market Risk Adjusted Performance of 0.1775 to check out if the risk estimate we provide is consistent with the expected return of 0.0786%. NH Hoteles has a performance score of 4 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NH Hoteles' returns are expected to increase less than the market. However, during the bear market, the loss of holding NH Hoteles is expected to be smaller as well. NH Hoteles today owns a risk of 1.32%. Please verify NH Hoteles jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if NH Hoteles will be following its current price history.
Auto-correlation | -0.42 |
Modest reverse predictability
NH Hoteles has modest reverse predictability. Overlapping area represents the amount of predictability between NH Hoteles time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 NH Hoteles price movement. The serial correlation of -0.42 indicates that just about 42.0% of current NH Hoteles price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NH Hoteles lagged returns against current returns
Autocorrelation, which is NH Hoteles 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 NH Hoteles' stock expected returns. We can calculate the autocorrelation of NH Hoteles returns to help us make a trade decision. For example, suppose you find that NH Hoteles 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 |
NH Hoteles 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 NH Hoteles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NH Hoteles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NH Hoteles stock over time.
Current vs Lagged Prices |
| Timeline |
NH Hoteles Lagged Returns
When evaluating NH Hoteles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NH Hoteles stock have on its future price. NH Hoteles 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, NH Hoteles autocorrelation shows the relationship between NH Hoteles stock current value and its past values and can show if there is a momentum factor associated with investing in NH Hoteles.
Regressed Prices |
| Timeline |
Also Currently Popular
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 NHH Stock
NH Hoteles financial ratios help investors to determine whether NHH 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 NHH with respect to the benefits of owning NH Hoteles security.