Nufarm (Germany) Market Value
| NUF Stock | EUR 2.48 0.04 1.64% |
| Symbol | Nufarm |
Nufarm '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 Nufarm'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 Nufarm.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nufarm on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nufarm Limited or generate 0.0% return on investment in Nufarm over 30 days. Nufarm is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Nufarm Limited, together with its subsidiaries, manufactures and sells crop protection products in Australia, New Zealan... More
Nufarm 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 Nufarm'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 Nufarm Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0043 | |||
| Maximum Drawdown | 7.94 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.51 |
Nufarm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nufarm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nufarm's standard deviation. In reality, there are many statistical measures that can use Nufarm historical prices to predict the future Nufarm's volatility.| Risk Adjusted Performance | 0.0551 | |||
| Jensen Alpha | 0.0961 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.004 | |||
| Treynor Ratio | 0.9543 |
Nufarm Limited Backtested Returns
At this point, Nufarm is moderately volatile. Nufarm Limited has Sharpe Ratio of 0.0296, which conveys that the firm had a 0.0296% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nufarm, which you can use to evaluate the volatility of the firm. Please verify Nufarm's Downside Deviation of 1.95, risk adjusted performance of 0.0551, and Mean Deviation of 1.35 to check out if the risk estimate we provide is consistent with the expected return of 0.0541%. Nufarm has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nufarm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nufarm is expected to be smaller as well. Nufarm Limited right now secures a risk of 1.83%. Please verify Nufarm Limited sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to decide if Nufarm Limited will be following its current price movements.
Auto-correlation | 0.73 |
Good predictability
Nufarm Limited has good predictability. Overlapping area represents the amount of predictability between Nufarm time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Nufarm Limited price movement. The serial correlation of 0.73 indicates that around 73.0% of current Nufarm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nufarm Limited lagged returns against current returns
Autocorrelation, which is Nufarm 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 Nufarm's stock expected returns. We can calculate the autocorrelation of Nufarm returns to help us make a trade decision. For example, suppose you find that Nufarm 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 |
Nufarm 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 Nufarm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nufarm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nufarm stock over time.
Current vs Lagged Prices |
| Timeline |
Nufarm Lagged Returns
When evaluating Nufarm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nufarm stock have on its future price. Nufarm 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, Nufarm autocorrelation shows the relationship between Nufarm stock current value and its past values and can show if there is a momentum factor associated with investing in Nufarm Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nufarm Stock
Nufarm financial ratios help investors to determine whether Nufarm 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 Nufarm with respect to the benefits of owning Nufarm security.