Nexstim Oyj (Finland) Market Value
| NXTMH Stock | EUR 5.08 0.08 1.55% |
| Symbol | Nexstim |
Nexstim Oyj '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 Nexstim Oyj'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 Nexstim Oyj.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Nexstim Oyj on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Nexstim Oyj or generate 0.0% return on investment in Nexstim Oyj over 720 days. Nexstim Oyj is related to or competes with Telia Company, Wartsila Oyj, Tokmanni Group, and YIT Oyj. Nexstim Plc, a neuromodulation company, engages in the development and marketing of non-invasive brain stimulation techn... More
Nexstim Oyj 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 Nexstim Oyj'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 Nexstim Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | 0.1833 | |||
| Maximum Drawdown | 25.54 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 7.33 |
Nexstim Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexstim Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexstim Oyj's standard deviation. In reality, there are many statistical measures that can use Nexstim Oyj historical prices to predict the future Nexstim Oyj's volatility.| Risk Adjusted Performance | 0.1757 | |||
| Jensen Alpha | 0.8366 | |||
| Total Risk Alpha | 0.2161 | |||
| Sortino Ratio | 0.2174 | |||
| Treynor Ratio | (2.47) |
Nexstim Oyj Backtested Returns
Nexstim Oyj appears to be relatively risky, given 3 months investment horizon. Nexstim Oyj has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. By analyzing Nexstim Oyj's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please exercise Nexstim Oyj's Risk Adjusted Performance of 0.1757, downside deviation of 3.11, and Mean Deviation of 2.64 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nexstim Oyj holds a performance score of 17. 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, returns on owning Nexstim Oyj are expected to decrease at a much lower rate. During the bear market, Nexstim Oyj is likely to outperform the market. Please check Nexstim Oyj's semi variance, as well as the relationship between the daily balance of power and price action indicator , to make a quick decision on whether Nexstim Oyj's current price movements will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
Nexstim Oyj has excellent reverse predictability. Overlapping area represents the amount of predictability between Nexstim Oyj time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Nexstim Oyj price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Nexstim Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
Nexstim Oyj lagged returns against current returns
Autocorrelation, which is Nexstim Oyj 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 Nexstim Oyj's stock expected returns. We can calculate the autocorrelation of Nexstim Oyj returns to help us make a trade decision. For example, suppose you find that Nexstim Oyj 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 |
Nexstim Oyj 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 Nexstim Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexstim Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexstim Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Nexstim Oyj Lagged Returns
When evaluating Nexstim Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexstim Oyj stock have on its future price. Nexstim Oyj 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, Nexstim Oyj autocorrelation shows the relationship between Nexstim Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Nexstim Oyj.
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 Nexstim Stock
Nexstim Oyj financial ratios help investors to determine whether Nexstim 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 Nexstim with respect to the benefits of owning Nexstim Oyj security.