Nano One Materials Stock Market Value
| NNOMF Stock | USD 0.57 0.01 1.72% |
| Symbol | Nano |
Nano One '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 Nano One'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 Nano One.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nano One on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nano One Materials or generate 0.0% return on investment in Nano One over 300 days. Nano One is related to or competes with Orica, Johnson Matthey, Flexible Solutions, Graphene Manufacturing, Iofina Plc, Gevo, and Innospec. Nano One Materials Corp. produces cathode active materials for lithium-ion battery applications in electric vehicles, en... More
Nano One 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 Nano One'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 Nano One Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.05 | |||
| Information Ratio | 0.0092 | |||
| Maximum Drawdown | 44.43 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 5.63 |
Nano One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nano One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nano One's standard deviation. In reality, there are many statistical measures that can use Nano One historical prices to predict the future Nano One's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | 0.0134 | |||
| Treynor Ratio | 0.1169 |
Nano One Materials Backtested Returns
At this point, Nano One is out of control. Nano One Materials has Sharpe Ratio of 0.031, which conveys that the firm had a 0.031% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nano One, which you can use to evaluate the volatility of the firm. Please verify Nano One's Downside Deviation of 4.05, risk adjusted performance of 0.0324, and Mean Deviation of 3.61 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Nano One has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.48, 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, Nano One will likely underperform. Nano One Materials right now secures a risk of 5.91%. Please verify Nano One Materials treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Nano One Materials will be following its current price movements.
Auto-correlation | 0.34 |
Below average predictability
Nano One Materials has below average predictability. Overlapping area represents the amount of predictability between Nano One time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Nano One Materials price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Nano One price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nano One Materials lagged returns against current returns
Autocorrelation, which is Nano One 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 Nano One's pink sheet expected returns. We can calculate the autocorrelation of Nano One returns to help us make a trade decision. For example, suppose you find that Nano One 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 |
Nano One 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 Nano One pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nano One pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nano One pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nano One Lagged Returns
When evaluating Nano One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nano One pink sheet have on its future price. Nano One 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, Nano One autocorrelation shows the relationship between Nano One pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nano One Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nano Pink Sheet
Nano One financial ratios help investors to determine whether Nano Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nano with respect to the benefits of owning Nano One security.