Sona Nanotech's market value is the price at which a share of Sona Nanotech trades on a public exchange. It measures the collective expectations of Sona Nanotech investors about its performance. Sona Nanotech is trading at 0.18 as of the 31st of January 2025. This is a 10 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.18. With this module, you can estimate the performance of a buy and hold strategy of Sona Nanotech and determine expected loss or profit from investing in Sona Nanotech over a given investment horizon. Check out Sona Nanotech Correlation, Sona Nanotech Volatility and Sona Nanotech Alpha and Beta module to complement your research on Sona Nanotech.
Please note, there is a significant difference between Sona Nanotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sona Nanotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sona Nanotech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sona Nanotech '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 Sona Nanotech's otc 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 Sona Nanotech.
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02/11/2023
No Change 0.00
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In 1 year 11 months and 22 days
01/31/2025
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If you would invest 0.00 in Sona Nanotech on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Sona Nanotech or generate 0.0% return on investment in Sona Nanotech over 720 days. Sona Nanotech is related to or competes with Biodesix, Neuronetics, ENDRA Life, Fonar, Star Equity, Burning Rock, and DarioHealth Corp. Sona Nanotech Inc., nanotechnology life sciences company, manufactures and sells gold nanorod products for diagnostic te... More
Sona Nanotech 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 Sona Nanotech's otc 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 Sona Nanotech 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 Sona Nanotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sona Nanotech's standard deviation. In reality, there are many statistical measures that can use Sona Nanotech historical prices to predict the future Sona Nanotech's volatility.
Sona Nanotech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.031, which indicates the firm had a -0.031 % return per unit of risk over the last 3 months. Sona Nanotech exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sona Nanotech's Risk Adjusted Performance of (0.02), coefficient of variation of (3,223), and Variance of 22.18 to confirm the risk estimate we provide. The entity has a beta of 0.0514, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sona Nanotech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sona Nanotech is expected to be smaller as well. At this point, Sona Nanotech has a negative expected return of -0.15%. Please make sure to validate Sona Nanotech's skewness, as well as the relationship between the day median price and relative strength index , to decide if Sona Nanotech performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.33
Poor reverse predictability
Sona Nanotech has poor reverse predictability. Overlapping area represents the amount of predictability between Sona Nanotech time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st 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 Sona Nanotech price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Sona Nanotech price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.33
Spearman Rank Test
-0.42
Residual Average
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Price Variance
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Sona Nanotech lagged returns against current returns
Autocorrelation, which is Sona Nanotech otc 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 Sona Nanotech's otc stock expected returns. We can calculate the autocorrelation of Sona Nanotech returns to help us make a trade decision. For example, suppose you find that Sona Nanotech has exhibited high autocorrelation historically, and you observe that the otc 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
Sona Nanotech 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 Sona Nanotech otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sona Nanotech otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sona Nanotech otc stock over time.
Current vs Lagged Prices
Timeline
Sona Nanotech Lagged Returns
When evaluating Sona Nanotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sona Nanotech otc stock have on its future price. Sona Nanotech 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, Sona Nanotech autocorrelation shows the relationship between Sona Nanotech otc stock current value and its past values and can show if there is a momentum factor associated with investing in Sona Nanotech.
Sona Nanotech financial ratios help investors to determine whether Sona OTC 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 Sona with respect to the benefits of owning Sona Nanotech security.