Novation Hldgs Stock Market Value
| NOHO Stock | USD 0.0001 0.00 0.00% |
| Symbol | Novation |
Novation Hldgs '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 Novation Hldgs' 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 Novation Hldgs.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Novation Hldgs on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Novation Hldgs or generate 0.0% return on investment in Novation Hldgs over 30 days. Novation Hldgs is related to or competes with Green Planet, Azure Holding, and Four Leaf. Dragon Life Science Holdings Group, Inc. operates as regional Internet service provider More
Novation Hldgs 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 Novation Hldgs' 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 Novation Hldgs upside and downside potential and time the market with a certain degree of confidence.
Novation Hldgs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novation Hldgs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novation Hldgs' standard deviation. In reality, there are many statistical measures that can use Novation Hldgs historical prices to predict the future Novation Hldgs' volatility.Novation Hldgs Backtested Returns
We have found three technical indicators for Novation Hldgs, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Novation Hldgs are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Novation Hldgs has no correlation between past and present. Overlapping area represents the amount of predictability between Novation Hldgs time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Novation Hldgs price movement. The serial correlation of 0.0 indicates that just 0.0% of current Novation Hldgs 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 |
Novation Hldgs lagged returns against current returns
Autocorrelation, which is Novation Hldgs 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 Novation Hldgs' pink sheet expected returns. We can calculate the autocorrelation of Novation Hldgs returns to help us make a trade decision. For example, suppose you find that Novation Hldgs 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 |
Novation Hldgs 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 Novation Hldgs pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novation Hldgs pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novation Hldgs pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Novation Hldgs Lagged Returns
When evaluating Novation Hldgs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Novation Hldgs pink sheet have on its future price. Novation Hldgs 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, Novation Hldgs autocorrelation shows the relationship between Novation Hldgs pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Novation Hldgs.
Regressed Prices |
| Timeline |
Pair Trading with Novation Hldgs
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 Novation Hldgs 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 Novation Hldgs will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Novation Hldgs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Novation Hldgs 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 Novation Hldgs - 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 Novation Hldgs to buy it.
The correlation of Novation Hldgs 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 Novation Hldgs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Novation Hldgs 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 Novation Hldgs 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.Other Information on Investing in Novation Pink Sheet
Novation Hldgs financial ratios help investors to determine whether Novation 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 Novation with respect to the benefits of owning Novation Hldgs security.