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.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Novation Hldgs on December 5, 2022 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 720 days. 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 | -0.1 |
Very weak reverse predictability
Novation Hldgs has very weak reverse predictability. Overlapping area represents the amount of predictability between Novation Hldgs time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 -0.1 indicates that less than 10.0% of current Novation Hldgs price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.19 | |
| 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 |
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.