Nhoa SA (France) Market Value
| NHOA Stock | 1.24 0.02 1.59% |
| Symbol | Nhoa |
Nhoa SA '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 Nhoa SA'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 Nhoa SA.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Nhoa SA on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Nhoa SA or generate 0.0% return on investment in Nhoa SA over 540 days. Nhoa SA is related to or competes with ZCCM Investments, Kaufman Et, Broadpeak, Veolia Environnement, Onlineformapro, Mediantechn, and Affluent Medical. More
Nhoa SA 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 Nhoa SA'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 Nhoa SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0454 | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.8 |
Nhoa SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nhoa SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nhoa SA's standard deviation. In reality, there are many statistical measures that can use Nhoa SA historical prices to predict the future Nhoa SA's volatility.| Risk Adjusted Performance | 0.0943 | |||
| Jensen Alpha | 0.1683 | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.5702 |
Nhoa SA Backtested Returns
Nhoa SA appears to be risky, given 3 months investment horizon. Nhoa SA has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Nhoa SA, which you can use to evaluate the volatility of the firm. Please exercise Nhoa SA's Risk Adjusted Performance of 0.0943, mean deviation of 0.5396, and Standard Deviation of 1.97 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nhoa SA holds a performance score of 9. The company secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nhoa SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nhoa SA is expected to be smaller as well. Please check Nhoa SA's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Nhoa SA's current price movements will revert.
Auto-correlation | -0.85 |
Excellent reverse predictability
Nhoa SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Nhoa SA time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Nhoa SA price movement. The serial correlation of -0.85 indicates that around 85.0% of current Nhoa SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Nhoa SA lagged returns against current returns
Autocorrelation, which is Nhoa SA 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 Nhoa SA's stock expected returns. We can calculate the autocorrelation of Nhoa SA returns to help us make a trade decision. For example, suppose you find that Nhoa SA 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 |
Nhoa SA 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 Nhoa SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nhoa SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nhoa SA stock over time.
Current vs Lagged Prices |
| Timeline |
Nhoa SA Lagged Returns
When evaluating Nhoa SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nhoa SA stock have on its future price. Nhoa SA 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, Nhoa SA autocorrelation shows the relationship between Nhoa SA stock current value and its past values and can show if there is a momentum factor associated with investing in Nhoa SA.
Regressed Prices |
| Timeline |
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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 Nhoa Stock
Nhoa SA financial ratios help investors to determine whether Nhoa 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 Nhoa with respect to the benefits of owning Nhoa SA security.