Nocopi Technologies Stock Market Value
| NNUP Stock | USD 1.70 0.12 6.59% |
| Symbol | Nocopi |
Nocopi Technologies '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 Nocopi Technologies' otc 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 Nocopi Technologies.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Nocopi Technologies on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Nocopi Technologies or generate 0.0% return on investment in Nocopi Technologies over 720 days. Nocopi Technologies is related to or competes with H B, Minerals Technologies, Quaker Chemical, Oil Dri, Sensient Technologies, Avoca LLC, and Blue Biofuels. Nocopi Technologies, Inc. develops and markets specialty reactive inks for applications in the educational and toy produ... More
Nocopi Technologies 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 Nocopi Technologies' otc 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 Nocopi Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 21.23 | |||
| Value At Risk | (6.59) | |||
| Potential Upside | 4.0 |
Nocopi Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nocopi Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nocopi Technologies' standard deviation. In reality, there are many statistical measures that can use Nocopi Technologies historical prices to predict the future Nocopi Technologies' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | 0.6139 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nocopi Technologies' 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.
Nocopi Technologies Backtested Returns
Nocopi Technologies has Sharpe Ratio of -0.0733, which conveys that the firm had a -0.0733% return per unit of risk over the last 3 months. Nocopi Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nocopi Technologies' Standard Deviation of 3.27, mean deviation of 1.72, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nocopi Technologies are expected to decrease at a much lower rate. During the bear market, Nocopi Technologies is likely to outperform the market. At this point, Nocopi Technologies has a negative expected return of -0.24%. Please make sure to verify Nocopi Technologies' mean deviation, total risk alpha, as well as the relationship between the Total Risk Alpha and rate of daily change , to decide if Nocopi Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Nocopi Technologies has good reverse predictability. Overlapping area represents the amount of predictability between Nocopi Technologies time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Nocopi Technologies price movement. The serial correlation of -0.55 indicates that about 55.0% of current Nocopi Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Nocopi Technologies lagged returns against current returns
Autocorrelation, which is Nocopi Technologies otc 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 Nocopi Technologies' otc stock expected returns. We can calculate the autocorrelation of Nocopi Technologies returns to help us make a trade decision. For example, suppose you find that Nocopi Technologies has exhibited high autocorrelation historically, and you observe that the otc 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 |
Nocopi Technologies 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 Nocopi Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nocopi Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nocopi Technologies otc stock over time.
Current vs Lagged Prices |
| Timeline |
Nocopi Technologies Lagged Returns
When evaluating Nocopi Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nocopi Technologies otc stock have on its future price. Nocopi Technologies 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, Nocopi Technologies autocorrelation shows the relationship between Nocopi Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in Nocopi Technologies.
Regressed Prices |
| Timeline |
Additional Tools for Nocopi OTC Stock Analysis
When running Nocopi Technologies' price analysis, check to measure Nocopi Technologies' 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 Nocopi Technologies is operating at the current time. Most of Nocopi Technologies' value examination focuses on studying past and present price action to predict the probability of Nocopi Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nocopi Technologies' price. Additionally, you may evaluate how the addition of Nocopi Technologies to your portfolios can decrease your overall portfolio volatility.