Neutrisci International Stock Market Value
| NU Stock | CAD 12.53 1.00 7.39% |
| Symbol | NeutriSci |
NeutriSci International Price To Book Ratio
NeutriSci International '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 NeutriSci International's 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 NeutriSci International.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in NeutriSci International on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding NeutriSci International or generate 0.0% return on investment in NeutriSci International over 90 days. NeutriSci International Inc. develops, markets, and distributes nutraceutical products in Canada More
NeutriSci International 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 NeutriSci International's 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 NeutriSci International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.51 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 4.01 |
NeutriSci International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NeutriSci International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NeutriSci International's standard deviation. In reality, there are many statistical measures that can use NeutriSci International historical prices to predict the future NeutriSci International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.15) |
NeutriSci International Backtested Returns
NeutriSci International has Sharpe Ratio of -0.0851, which conveys that the firm had a -0.0851% return per unit of risk over the last 3 months. NeutriSci International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NeutriSci International's Risk Adjusted Performance of (0.04), standard deviation of 2.72, and Mean Deviation of 2.0 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.17, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NeutriSci International will likely underperform. At this point, NeutriSci International has a negative expected return of -0.23%. Please make sure to verify NeutriSci International's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if NeutriSci International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
NeutriSci International has below average predictability. Overlapping area represents the amount of predictability between NeutriSci International time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 NeutriSci International price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current NeutriSci International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
NeutriSci International lagged returns against current returns
Autocorrelation, which is NeutriSci International 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 NeutriSci International's stock expected returns. We can calculate the autocorrelation of NeutriSci International returns to help us make a trade decision. For example, suppose you find that NeutriSci International has exhibited high autocorrelation historically, and you observe that the 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 |
NeutriSci International 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 NeutriSci International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NeutriSci International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NeutriSci International stock over time.
Current vs Lagged Prices |
| Timeline |
NeutriSci International Lagged Returns
When evaluating NeutriSci International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NeutriSci International stock have on its future price. NeutriSci International 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, NeutriSci International autocorrelation shows the relationship between NeutriSci International stock current value and its past values and can show if there is a momentum factor associated with investing in NeutriSci International.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NeutriSci Stock Analysis
When running NeutriSci International's price analysis, check to measure NeutriSci International's 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 NeutriSci International is operating at the current time. Most of NeutriSci International's value examination focuses on studying past and present price action to predict the probability of NeutriSci International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NeutriSci International's price. Additionally, you may evaluate how the addition of NeutriSci International to your portfolios can decrease your overall portfolio volatility.