Nanologix Stock Market Value
| NNLX Stock | USD 0.0001 0.00 0.00% |
| Symbol | Nanologix |
Nanologix '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 Nanologix'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 Nanologix.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Nanologix on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nanologix or generate 0.0% return on investment in Nanologix over 30 days. Nanologix is related to or competes with Madrigal Pharmaceuticals, Viking Therapeutics, Sarepta Therapeutics, Hepion Pharmaceuticals, and PTC Therapeutics. NanoLogix, Inc., a biotechnology company, provides live cell and rapid diagnostics test kits that detects viable bacteri... More
Nanologix 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 Nanologix'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 Nanologix upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1278 | |||
| Maximum Drawdown | 1000.0 |
Nanologix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanologix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanologix's standard deviation. In reality, there are many statistical measures that can use Nanologix historical prices to predict the future Nanologix's volatility.| Risk Adjusted Performance | 0.1179 | |||
| Jensen Alpha | 17.54 | |||
| Total Risk Alpha | 12.54 | |||
| Treynor Ratio | (0.36) |
Nanologix Backtested Returns
Nanologix is out of control given 3 months investment horizon. Nanologix has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We were able to break down and interpolate seventeen different technical indicators, which can help you to evaluate if expected returns of 16.67% are justified by taking the suggested risk. Use Nanologix Standard Deviation of 128.04, mean deviation of 32.25, and Risk Adjusted Performance of 0.1179 to evaluate company specific risk that cannot be diversified away. Nanologix holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -45.78, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nanologix are expected to decrease by larger amounts. On the other hand, during market turmoil, Nanologix is expected to outperform it. Use Nanologix information ratio and day median price , to analyze future returns on Nanologix.
Auto-correlation | 0.00 |
No correlation between past and present
Nanologix has no correlation between past and present. Overlapping area represents the amount of predictability between Nanologix time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nanologix price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nanologix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nanologix lagged returns against current returns
Autocorrelation, which is Nanologix 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 Nanologix's pink sheet expected returns. We can calculate the autocorrelation of Nanologix returns to help us make a trade decision. For example, suppose you find that Nanologix 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 |
Nanologix 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 Nanologix pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanologix pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanologix pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nanologix Lagged Returns
When evaluating Nanologix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanologix pink sheet have on its future price. Nanologix 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, Nanologix autocorrelation shows the relationship between Nanologix pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nanologix.
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 Nanologix Pink Sheet Analysis
When running Nanologix's price analysis, check to measure Nanologix'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 Nanologix is operating at the current time. Most of Nanologix's value examination focuses on studying past and present price action to predict the probability of Nanologix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanologix's price. Additionally, you may evaluate how the addition of Nanologix to your portfolios can decrease your overall portfolio volatility.