Noble Romans Stock Market Value
| NROM Stock | USD 0.32 0.03 8.57% |
| Symbol | Noble |
Noble Romans '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 Noble Romans' 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 Noble Romans.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Noble Romans on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Noble Romans or generate 0.0% return on investment in Noble Romans over 300 days. Noble Romans is related to or competes with Innovative Food, Greystone Logistics, and FitLife Brands,. Noble Romans, Inc. sells and services franchises, and licenses and operates foodservice locations for stand-alone restau... More
Noble Romans 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 Noble Romans' 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 Noble Romans upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.01 | |||
| Information Ratio | 0.0104 | |||
| Maximum Drawdown | 68.65 | |||
| Value At Risk | (17.95) | |||
| Potential Upside | 18.75 |
Noble Romans Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noble Romans' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Noble Romans' standard deviation. In reality, there are many statistical measures that can use Noble Romans historical prices to predict the future Noble Romans' volatility.| Risk Adjusted Performance | 0.0269 | |||
| Jensen Alpha | 0.1208 | |||
| Total Risk Alpha | (1.35) | |||
| Sortino Ratio | 0.0081 | |||
| Treynor Ratio | 0.257 |
Noble Romans Backtested Returns
Noble Romans appears to be out of control, given 3 months investment horizon. Noble Romans has Sharpe Ratio of 0.0236, which conveys that the firm had a 0.0236% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Noble Romans, which you can use to evaluate the volatility of the firm. Please exercise Noble Romans' Mean Deviation of 5.17, risk adjusted performance of 0.0269, and Downside Deviation of 13.01 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Noble Romans holds a performance score of 1. The company secures a Beta (Market Risk) of 0.87, which conveys possible diversification benefits within a given portfolio. Noble Romans returns are very sensitive to returns on the market. As the market goes up or down, Noble Romans is expected to follow. Please check Noble Romans' jensen alpha and the relationship between the value at risk and day typical price , to make a quick decision on whether Noble Romans' current price movements will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Noble Romans has very weak reverse predictability. Overlapping area represents the amount of predictability between Noble Romans 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 Noble Romans price movement. The serial correlation of -0.02 indicates that only 2.0% of current Noble Romans price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Noble Romans lagged returns against current returns
Autocorrelation, which is Noble Romans 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 Noble Romans' otc stock expected returns. We can calculate the autocorrelation of Noble Romans returns to help us make a trade decision. For example, suppose you find that Noble Romans 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 |
Noble Romans 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 Noble Romans otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Noble Romans otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Noble Romans otc stock over time.
Current vs Lagged Prices |
| Timeline |
Noble Romans Lagged Returns
When evaluating Noble Romans' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Noble Romans otc stock have on its future price. Noble Romans 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, Noble Romans autocorrelation shows the relationship between Noble Romans otc stock current value and its past values and can show if there is a momentum factor associated with investing in Noble Romans.
Regressed Prices |
| Timeline |
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Noble Romans financial ratios help investors to determine whether Noble 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 Noble with respect to the benefits of owning Noble Romans security.