Nanologica (Sweden) Market Value
| NICA Stock | 1.82 0.09 5.20% |
| Symbol | Nanologica |
Nanologica '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 Nanologica'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 Nanologica.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Nanologica on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nanologica AB or generate 0.0% return on investment in Nanologica over 180 days. Nanologica is related to or competes with Senzime AB, C Rad, CellaVision, Episurf Medical, and Nanexa AB. More
Nanologica 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 Nanologica'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 Nanologica AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 42.22 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 5.84 |
Nanologica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanologica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanologica's standard deviation. In reality, there are many statistical measures that can use Nanologica historical prices to predict the future Nanologica's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (1.33) | |||
| Total Risk Alpha | (2.24) | |||
| Treynor Ratio | (1.23) |
Nanologica AB Backtested Returns
Nanologica AB has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Nanologica exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nanologica's Standard Deviation of 6.54, risk adjusted performance of (0.13), and Mean Deviation of 3.44 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.98, which conveys possible diversification benefits within a given portfolio. Nanologica returns are very sensitive to returns on the market. As the market goes up or down, Nanologica is expected to follow. At this point, Nanologica AB has a negative expected return of -1.14%. Please make sure to verify Nanologica's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Nanologica AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Nanologica AB has average predictability. Overlapping area represents the amount of predictability between Nanologica time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Nanologica AB price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Nanologica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Nanologica AB lagged returns against current returns
Autocorrelation, which is Nanologica 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 Nanologica's stock expected returns. We can calculate the autocorrelation of Nanologica returns to help us make a trade decision. For example, suppose you find that Nanologica 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 |
Nanologica 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 Nanologica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanologica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanologica stock over time.
Current vs Lagged Prices |
| Timeline |
Nanologica Lagged Returns
When evaluating Nanologica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanologica stock have on its future price. Nanologica 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, Nanologica autocorrelation shows the relationship between Nanologica stock current value and its past values and can show if there is a momentum factor associated with investing in Nanologica AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nanologica Stock Analysis
When running Nanologica's price analysis, check to measure Nanologica'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 Nanologica is operating at the current time. Most of Nanologica's value examination focuses on studying past and present price action to predict the probability of Nanologica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanologica's price. Additionally, you may evaluate how the addition of Nanologica to your portfolios can decrease your overall portfolio volatility.