Nyxoah (Belgium) Market Value
| NYXH Stock | EUR 8.10 0.14 1.76% |
| Symbol | Nyxoah |
Nyxoah '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 Nyxoah'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 Nyxoah.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nyxoah on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nyxoah or generate 0.0% return on investment in Nyxoah over 30 days. Nyxoah is related to or competes with Home Invest, Ion Beam, EVS Broadcast, Retail Estates, and Shurgard Self. Nyxoah S.A., a health-technology company, focuses on the development and commercialization of solutions and services to ... More
Nyxoah 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 Nyxoah'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 Nyxoah upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0235 | |||
| Maximum Drawdown | 14.43 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 4.12 |
Nyxoah Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nyxoah's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nyxoah's standard deviation. In reality, there are many statistical measures that can use Nyxoah historical prices to predict the future Nyxoah's volatility.| Risk Adjusted Performance | 0.0659 | |||
| Jensen Alpha | 0.1187 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0239 | |||
| Treynor Ratio | 0.3809 |
Nyxoah Backtested Returns
Currently, Nyxoah is somewhat reliable. Nyxoah has Sharpe Ratio of 0.0785, which conveys that the firm had a 0.0785% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nyxoah, which you can use to evaluate the volatility of the firm. Please verify Nyxoah's Downside Deviation of 2.3, mean deviation of 1.72, and Risk Adjusted Performance of 0.0659 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Nyxoah has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nyxoah's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nyxoah is expected to be smaller as well. Nyxoah right now secures a risk of 2.36%. Please verify Nyxoah potential upside, semi variance, and the relationship between the value at risk and downside variance , to decide if Nyxoah will be following its current price movements.
Auto-correlation | -0.31 |
Poor reverse predictability
Nyxoah has poor reverse predictability. Overlapping area represents the amount of predictability between Nyxoah time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Nyxoah price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Nyxoah price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nyxoah lagged returns against current returns
Autocorrelation, which is Nyxoah 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 Nyxoah's stock expected returns. We can calculate the autocorrelation of Nyxoah returns to help us make a trade decision. For example, suppose you find that Nyxoah 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 |
Nyxoah 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 Nyxoah stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nyxoah stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nyxoah stock over time.
Current vs Lagged Prices |
| Timeline |
Nyxoah Lagged Returns
When evaluating Nyxoah's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nyxoah stock have on its future price. Nyxoah 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, Nyxoah autocorrelation shows the relationship between Nyxoah stock current value and its past values and can show if there is a momentum factor associated with investing in Nyxoah.
Regressed Prices |
| Timeline |
Pair Trading with Nyxoah
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nyxoah position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nyxoah will appreciate offsetting losses from the drop in the long position's value.Moving together with Nyxoah Stock
Moving against Nyxoah Stock
The ability to find closely correlated positions to Nyxoah could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nyxoah when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nyxoah - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nyxoah to buy it.
The correlation of Nyxoah is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nyxoah moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nyxoah moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nyxoah can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Nyxoah Stock Analysis
When running Nyxoah's price analysis, check to measure Nyxoah'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 Nyxoah is operating at the current time. Most of Nyxoah's value examination focuses on studying past and present price action to predict the probability of Nyxoah's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nyxoah's price. Additionally, you may evaluate how the addition of Nyxoah to your portfolios can decrease your overall portfolio volatility.