NX Filtration (Netherlands) Market Value
| NXFIL Stock | 4.10 0.03 0.74% |
| Symbol | NXFIL |
NX Filtration '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 NX Filtration'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 NX Filtration.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in NX Filtration on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding NX Filtration Holding or generate 0.0% return on investment in NX Filtration over 720 days. NX Filtration is related to or competes with CM NV, TKH Group, Ebusco Holding, Avantium Holding, and AMG Advanced. More
NX Filtration 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 NX Filtration'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 NX Filtration Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.11 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 3.74 |
NX Filtration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NX Filtration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NX Filtration's standard deviation. In reality, there are many statistical measures that can use NX Filtration historical prices to predict the future NX Filtration's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (2.10) |
NX Filtration Holding Backtested Returns
NX Filtration Holding retains Efficiency (Sharpe Ratio) of -0.11, which conveys that the firm had a -0.11% return per unit of price deviation over the last 3 months. NX Filtration exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NX Filtration's Market Risk Adjusted Performance of (2.09), mean deviation of 1.8, and Information Ratio of (0.20) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NX Filtration's returns are expected to increase less than the market. However, during the bear market, the loss of holding NX Filtration is expected to be smaller as well. At this point, NX Filtration Holding has a negative expected return of -0.25%. Please make sure to verify NX Filtration's total risk alpha, as well as the relationship between the skewness and day median price , to decide if NX Filtration Holding performance from the past will be repeated at some future date.
Auto-correlation | -0.05 |
Very weak reverse predictability
NX Filtration Holding has very weak reverse predictability. Overlapping area represents the amount of predictability between NX Filtration time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 NX Filtration Holding price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current NX Filtration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
NX Filtration Holding lagged returns against current returns
Autocorrelation, which is NX Filtration 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 NX Filtration's stock expected returns. We can calculate the autocorrelation of NX Filtration returns to help us make a trade decision. For example, suppose you find that NX Filtration 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 |
NX Filtration 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 NX Filtration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NX Filtration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NX Filtration stock over time.
Current vs Lagged Prices |
| Timeline |
NX Filtration Lagged Returns
When evaluating NX Filtration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NX Filtration stock have on its future price. NX Filtration 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, NX Filtration autocorrelation shows the relationship between NX Filtration stock current value and its past values and can show if there is a momentum factor associated with investing in NX Filtration Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in NXFIL Stock
NX Filtration financial ratios help investors to determine whether NXFIL 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 NXFIL with respect to the benefits of owning NX Filtration security.