Nutex Investments (Hungary) Market Value
| NUTEX Stock | 17.95 0.35 1.91% |
| Symbol | Nutex |
Nutex Investments '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 Nutex Investments' 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 Nutex Investments.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Nutex Investments on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nutex Investments PLC or generate 0.0% return on investment in Nutex Investments over 30 days. Nutex Investments is related to or competes with CIG Pannonia, AKKO Invest, Raba Jarmuipari, ALTEO Energiaszolgalta, and OTP Bank. More
Nutex Investments 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 Nutex Investments' 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 Nutex Investments PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.42 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 4.0 |
Nutex Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nutex Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nutex Investments' standard deviation. In reality, there are many statistical measures that can use Nutex Investments historical prices to predict the future Nutex Investments' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nutex Investments' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nutex Investments PLC Backtested Returns
Nutex Investments PLC has Sharpe Ratio of -0.047, which conveys that the firm had a -0.047% return per unit of risk over the last 3 months. Nutex Investments exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nutex Investments' Mean Deviation of 1.72, standard deviation of 2.46, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.62, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nutex Investments' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nutex Investments is expected to be smaller as well. At this point, Nutex Investments PLC has a negative expected return of -0.11%. Please make sure to verify Nutex Investments' maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if Nutex Investments PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Nutex Investments PLC has weak reverse predictability. Overlapping area represents the amount of predictability between Nutex Investments time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Nutex Investments PLC price movement. The serial correlation of -0.21 indicates that over 21.0% of current Nutex Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nutex Investments PLC lagged returns against current returns
Autocorrelation, which is Nutex Investments 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 Nutex Investments' stock expected returns. We can calculate the autocorrelation of Nutex Investments returns to help us make a trade decision. For example, suppose you find that Nutex Investments 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 |
Nutex Investments 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 Nutex Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nutex Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nutex Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Nutex Investments Lagged Returns
When evaluating Nutex Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nutex Investments stock have on its future price. Nutex Investments 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, Nutex Investments autocorrelation shows the relationship between Nutex Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Nutex Investments PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nutex Stock
Nutex Investments financial ratios help investors to determine whether Nutex 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 Nutex with respect to the benefits of owning Nutex Investments security.