NanoXplore's market value is the price at which a share of NanoXplore trades on a public exchange. It measures the collective expectations of NanoXplore investors about its performance. NanoXplore is trading at 1.71 as of the 1st of February 2025. This is a 0.59 percent increase since the beginning of the trading day. The stock's lowest day price was 1.71. With this module, you can estimate the performance of a buy and hold strategy of NanoXplore and determine expected loss or profit from investing in NanoXplore over a given investment horizon. Check out NanoXplore Correlation, NanoXplore Volatility and NanoXplore Alpha and Beta module to complement your research on NanoXplore.
Please note, there is a significant difference between NanoXplore's value and its price as these two are different measures arrived at by different means. Investors typically determine if NanoXplore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NanoXplore'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.
NanoXplore '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 NanoXplore's 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 NanoXplore.
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01/02/2025
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In 31 days
02/01/2025
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If you would invest 0.00 in NanoXplore on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding NanoXplore or generate 0.0% return on investment in NanoXplore over 30 days. NanoXplore is related to or competes with Asahi Kaisei, and ASP Isotopes. NanoXplore Inc., a graphene company, manufactures and supplies graphene powder for use in industrial markets More
NanoXplore 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 NanoXplore's 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 NanoXplore 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 NanoXplore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NanoXplore's standard deviation. In reality, there are many statistical measures that can use NanoXplore historical prices to predict the future NanoXplore's volatility.
NanoXplore has Sharpe Ratio of -0.012, which conveys that the firm had a -0.012 % return per unit of risk over the last 3 months. NanoXplore exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NanoXplore's Risk Adjusted Performance of (0.03), mean deviation of 2.06, and Standard Deviation of 2.61 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NanoXplore's returns are expected to increase less than the market. However, during the bear market, the loss of holding NanoXplore is expected to be smaller as well. At this point, NanoXplore has a negative expected return of -0.0317%. Please make sure to verify NanoXplore's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if NanoXplore performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.29
Weak reverse predictability
NanoXplore has weak reverse predictability. Overlapping area represents the amount of predictability between NanoXplore time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 NanoXplore price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current NanoXplore price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.29
Spearman Rank Test
0.18
Residual Average
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Price Variance
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NanoXplore lagged returns against current returns
Autocorrelation, which is NanoXplore 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 NanoXplore's otc stock expected returns. We can calculate the autocorrelation of NanoXplore returns to help us make a trade decision. For example, suppose you find that NanoXplore 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
NanoXplore 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 NanoXplore otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NanoXplore otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NanoXplore otc stock over time.
Current vs Lagged Prices
Timeline
NanoXplore Lagged Returns
When evaluating NanoXplore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NanoXplore otc stock have on its future price. NanoXplore 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, NanoXplore autocorrelation shows the relationship between NanoXplore otc stock current value and its past values and can show if there is a momentum factor associated with investing in NanoXplore.
Other Information on Investing in NanoXplore OTC Stock
NanoXplore financial ratios help investors to determine whether NanoXplore OTC Stock 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 NanoXplore with respect to the benefits of owning NanoXplore security.