NEXANS (Germany) Market Value
| NXS Stock | EUR 105.60 1.30 1.22% |
| Symbol | NEXANS |
NEXANS '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 NEXANS'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 NEXANS.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in NEXANS on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding NEXANS or generate 0.0% return on investment in NEXANS over 30 days. NEXANS is related to or competes with Fidelity National, Science Applications, National Storage, PKSHA TECHNOLOGY, MICRONIC MYDATA, SOFI TECHNOLOGIES, and NetSol Technologies. More
NEXANS 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 NEXANS'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 NEXANS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.08 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 2.99 |
NEXANS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXANS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXANS's standard deviation. In reality, there are many statistical measures that can use NEXANS historical prices to predict the future NEXANS's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (1.04) |
NEXANS Backtested Returns
NEXANS has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of standard deviation over the last 3 months. NEXANS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEXANS's Mean Deviation of 1.59, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (1.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NEXANS's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEXANS is expected to be smaller as well. At this point, NEXANS has a negative expected return of -0.29%. Please make sure to verify NEXANS's treynor ratio, day median price, and the relationship between the information ratio and kurtosis , to decide if NEXANS performance from the past will be repeated at future time.
Auto-correlation | -0.5 |
Modest reverse predictability
NEXANS has modest reverse predictability. Overlapping area represents the amount of predictability between NEXANS time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 NEXANS price movement. The serial correlation of -0.5 indicates that about 50.0% of current NEXANS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 4.99 |
NEXANS lagged returns against current returns
Autocorrelation, which is NEXANS 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 NEXANS's stock expected returns. We can calculate the autocorrelation of NEXANS returns to help us make a trade decision. For example, suppose you find that NEXANS 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 |
NEXANS 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 NEXANS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXANS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXANS stock over time.
Current vs Lagged Prices |
| Timeline |
NEXANS Lagged Returns
When evaluating NEXANS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXANS stock have on its future price. NEXANS 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, NEXANS autocorrelation shows the relationship between NEXANS stock current value and its past values and can show if there is a momentum factor associated with investing in NEXANS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NEXANS Stock Analysis
When running NEXANS's price analysis, check to measure NEXANS'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 NEXANS is operating at the current time. Most of NEXANS's value examination focuses on studying past and present price action to predict the probability of NEXANS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXANS's price. Additionally, you may evaluate how the addition of NEXANS to your portfolios can decrease your overall portfolio volatility.