NEXANS ADR's market value is the price at which a share of NEXANS ADR trades on a public exchange. It measures the collective expectations of NEXANS ADR EO investors about its performance. NEXANS ADR is trading at 46.80 as of the 21st of January 2025. This is a 1.30% up since the beginning of the trading day. The stock's lowest day price was 46.8. With this module, you can estimate the performance of a buy and hold strategy of NEXANS ADR EO and determine expected loss or profit from investing in NEXANS ADR over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
NEXANS
NEXANS ADR '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 ADR'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 ADR.
0.00
02/01/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/21/2025
0.00
If you would invest 0.00 in NEXANS ADR on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding NEXANS ADR EO or generate 0.0% return on investment in NEXANS ADR over 720 days.
NEXANS ADR 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 ADR'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 ADR EO upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXANS ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXANS ADR's standard deviation. In reality, there are many statistical measures that can use NEXANS ADR historical prices to predict the future NEXANS ADR's volatility.
NEXANS ADR EO has Sharpe Ratio of -0.19, which conveys that the firm had a -0.19 % return per unit of standard deviation over the last 3 months. NEXANS ADR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEXANS ADR's Mean Deviation of 1.88, market risk adjusted performance of (1.52), and Risk Adjusted Performance of (0.15) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEXANS ADR's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEXANS ADR is expected to be smaller as well. At this point, NEXANS ADR EO has a negative expected return of -0.52%. Please make sure to verify NEXANS ADR's skewness, daily balance of power, day median price, as well as the relationship between the kurtosis and rate of daily change , to decide if NEXANS ADR EO performance from the past will be repeated at future time.
Auto-correlation
-0.82
Excellent reverse predictability
NEXANS ADR EO has excellent reverse predictability. Overlapping area represents the amount of predictability between NEXANS ADR time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st of January 2025. 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 ADR EO price movement. The serial correlation of -0.82 indicates that around 82.0% of current NEXANS ADR price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.82
Spearman Rank Test
-0.36
Residual Average
0.0
Price Variance
51.14
NEXANS ADR EO lagged returns against current returns
Autocorrelation, which is NEXANS ADR 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 ADR's stock expected returns. We can calculate the autocorrelation of NEXANS ADR returns to help us make a trade decision. For example, suppose you find that NEXANS ADR 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 ADR 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 ADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXANS ADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXANS ADR stock over time.
Current vs Lagged Prices
Timeline
NEXANS ADR Lagged Returns
When evaluating NEXANS ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXANS ADR stock have on its future price. NEXANS ADR 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 ADR autocorrelation shows the relationship between NEXANS ADR stock current value and its past values and can show if there is a momentum factor associated with investing in NEXANS ADR EO.