N2off Inc Stock Market Value
| NITO Stock | 0.19 0.02 9.52% |
| Symbol | N2OFF |
N2OFF Inc Price To Book Ratio
Is Fertilizers & Agricultural Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of N2OFF. If investors know N2OFF will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about N2OFF listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.12) | Revenue Per Share 0.07 | Quarterly Revenue Growth (0.55) | Return On Assets (0.47) | Return On Equity (1.13) |
The market value of N2OFF Inc is measured differently than its book value, which is the value of N2OFF that is recorded on the company's balance sheet. Investors also form their own opinion of N2OFF's value that differs from its market value or its book value, called intrinsic value, which is N2OFF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because N2OFF's market value can be influenced by many factors that don't directly affect N2OFF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between N2OFF's value and its price as these two are different measures arrived at by different means. Investors typically determine if N2OFF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, N2OFF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
N2OFF '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 N2OFF'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 N2OFF.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in N2OFF on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding N2OFF Inc or generate 0.0% return on investment in N2OFF over 660 days. N2OFF is related to or competes with Eldorado Gold, Olympic Steel, Griffon, Aldel Financial, Century Aluminum, Jacobs Solutions, and Allegheny Technologies. N2OFF is entity of United States. It is traded as Stock on NASDAQ exchange. More
N2OFF 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 N2OFF'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 N2OFF Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 42.14 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 14.29 |
N2OFF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for N2OFF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as N2OFF's standard deviation. In reality, there are many statistical measures that can use N2OFF historical prices to predict the future N2OFF's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.51) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of N2OFF's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
N2OFF Inc Backtested Returns
N2OFF Inc has Sharpe Ratio of -0.0654, which conveys that the company had a -0.0654% return per unit of volatility over the last 3 months. N2OFF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify N2OFF's Market Risk Adjusted Performance of (0.17), mean deviation of 5.69, and Standard Deviation of 8.04 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 1.32, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, N2OFF will likely underperform. At this point, N2OFF Inc has a negative expected return of -0.48%. Please make sure to verify N2OFF's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if N2OFF Inc performance from the past will be repeated in the future.
Auto-correlation | 0.80 |
Very good predictability
N2OFF Inc has very good predictability. Overlapping area represents the amount of predictability between N2OFF time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 N2OFF Inc price movement. The serial correlation of 0.8 indicates that around 80.0% of current N2OFF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
N2OFF Inc lagged returns against current returns
Autocorrelation, which is N2OFF 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 N2OFF's stock expected returns. We can calculate the autocorrelation of N2OFF returns to help us make a trade decision. For example, suppose you find that N2OFF 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 |
N2OFF 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 N2OFF stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if N2OFF stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in N2OFF stock over time.
Current vs Lagged Prices |
| Timeline |
N2OFF Lagged Returns
When evaluating N2OFF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of N2OFF stock have on its future price. N2OFF 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, N2OFF autocorrelation shows the relationship between N2OFF stock current value and its past values and can show if there is a momentum factor associated with investing in N2OFF Inc.
Regressed Prices |
| Timeline |
Pair Trading with N2OFF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if N2OFF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in N2OFF will appreciate offsetting losses from the drop in the long position's value.Moving against N2OFF Stock
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | CF | CF Industries Holdings | PairCorr |
| 0.58 | IE | Ivanhoe Electric | PairCorr |
| 0.56 | MHGVY | Mowi ASA ADR | PairCorr |
| 0.56 | CC | Chemours | PairCorr |
The ability to find closely correlated positions to N2OFF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace N2OFF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back N2OFF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling N2OFF Inc to buy it.
The correlation of N2OFF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as N2OFF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if N2OFF Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for N2OFF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out N2OFF Correlation, N2OFF Volatility and N2OFF Alpha and Beta module to complement your research on N2OFF. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
N2OFF technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.