Nozha International's market value is the price at which a share of Nozha International trades on a public exchange. It measures the collective expectations of Nozha International Hospital investors about its performance. Nozha International is trading at 8.47 as of the 30th of November 2024. This is a 1.63 percent decrease since the beginning of the trading day. The stock's lowest day price was 8.4. With this module, you can estimate the performance of a buy and hold strategy of Nozha International Hospital and determine expected loss or profit from investing in Nozha International over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Nozha
Nozha International '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 Nozha International'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 Nozha International.
0.00
10/31/2024
No Change 0.00
0.0
In 30 days
11/30/2024
0.00
If you would invest 0.00 in Nozha International on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nozha International Hospital or generate 0.0% return on investment in Nozha International over 30 days.
Nozha International 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 Nozha International'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 Nozha International Hospital upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nozha International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nozha International's standard deviation. In reality, there are many statistical measures that can use Nozha International historical prices to predict the future Nozha International's volatility.
Nozha International appears to be slightly risky, given 3 months investment horizon. Nozha International 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. By analyzing Nozha International's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please exercise Nozha International's Downside Deviation of 2.38, mean deviation of 1.85, and Risk Adjusted Performance of 0.1173 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nozha International holds a performance score of 13. The company secures a Beta (Market Risk) of -0.78, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nozha International are expected to decrease at a much lower rate. During the bear market, Nozha International is likely to outperform the market. Please check Nozha International's downside variance, expected short fall, and the relationship between the potential upside and semi variance , to make a quick decision on whether Nozha International's current price movements will revert.
Auto-correlation
0.19
Very weak predictability
Nozha International Hospital has very weak predictability. Overlapping area represents the amount of predictability between Nozha International time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Nozha International price movement. The serial correlation of 0.19 indicates that over 19.0% of current Nozha International price fluctuation can be explain by its past prices.
Correlation Coefficient
0.19
Spearman Rank Test
0.48
Residual Average
0.0
Price Variance
0.02
Nozha International lagged returns against current returns
Autocorrelation, which is Nozha International 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 Nozha International's stock expected returns. We can calculate the autocorrelation of Nozha International returns to help us make a trade decision. For example, suppose you find that Nozha International 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
Nozha International 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 Nozha International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nozha International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nozha International stock over time.
Current vs Lagged Prices
Timeline
Nozha International Lagged Returns
When evaluating Nozha International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nozha International stock have on its future price. Nozha International 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, Nozha International autocorrelation shows the relationship between Nozha International stock current value and its past values and can show if there is a momentum factor associated with investing in Nozha International Hospital.
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.