Nibe Industrier Ab Stock Market Value
| NIABY Stock | USD 4.22 0.04 0.94% |
| Symbol | NIBE |
NIBE Industrier '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 NIBE Industrier'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 NIBE Industrier.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in NIBE Industrier on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding NIBE Industrier AB or generate 0.0% return on investment in NIBE Industrier over 570 days. NIBE Industrier is related to or competes with Carrier Global, Johnson Controls, Lennox International, Masco, and Carlisle Companies. NIBE Industrier AB , together with its subsidiaries, develops, manufactures, markets, and sells various energy-efficient... More
NIBE Industrier 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 NIBE Industrier'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 NIBE Industrier AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.2 | |||
| Value At Risk | (7.36) | |||
| Potential Upside | 5.71 |
NIBE Industrier Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NIBE Industrier's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIBE Industrier's standard deviation. In reality, there are many statistical measures that can use NIBE Industrier historical prices to predict the future NIBE Industrier's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 0.4393 |
NIBE Industrier AB Backtested Returns
NIBE Industrier AB retains Efficiency (Sharpe Ratio) of -0.0411, which conveys that the firm had a -0.0411% return per unit of risk over the last 3 months. NIBE Industrier exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NIBE Industrier's Market Risk Adjusted Performance of 0.4493, mean deviation of 1.9, and Coefficient Of Variation of (3,858) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NIBE Industrier are expected to decrease at a much lower rate. During the bear market, NIBE Industrier is likely to outperform the market. At this point, NIBE Industrier AB has a negative expected return of -0.17%. Please make sure to verify NIBE Industrier's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if NIBE Industrier AB performance from the past will be repeated in the future.
Auto-correlation | 0.66 |
Good predictability
NIBE Industrier AB has good predictability. Overlapping area represents the amount of predictability between NIBE Industrier time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 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 NIBE Industrier AB price movement. The serial correlation of 0.66 indicates that around 66.0% of current NIBE Industrier price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
NIBE Industrier AB lagged returns against current returns
Autocorrelation, which is NIBE Industrier 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 NIBE Industrier's pink sheet expected returns. We can calculate the autocorrelation of NIBE Industrier returns to help us make a trade decision. For example, suppose you find that NIBE Industrier 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 |
NIBE Industrier 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 NIBE Industrier pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIBE Industrier pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIBE Industrier pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NIBE Industrier Lagged Returns
When evaluating NIBE Industrier's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIBE Industrier pink sheet have on its future price. NIBE Industrier 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, NIBE Industrier autocorrelation shows the relationship between NIBE Industrier pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NIBE Industrier AB.
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.Additional Tools for NIBE Pink Sheet Analysis
When running NIBE Industrier's price analysis, check to measure NIBE Industrier's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NIBE Industrier is operating at the current time. Most of NIBE Industrier's value examination focuses on studying past and present price action to predict the probability of NIBE Industrier's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NIBE Industrier's price. Additionally, you may evaluate how the addition of NIBE Industrier to your portfolios can decrease your overall portfolio volatility.