BANK OF NOVA Market Value
| 0641594A1 | 94.30 0.87 0.91% |
| Symbol | 0641594A1 |
0641594A1 '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 0641594A1's bond 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 0641594A1.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in 0641594A1 on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding BANK OF NOVA or generate 0.0% return on investment in 0641594A1 over 660 days. 0641594A1 is related to or competes with Tyson Foods, BioNTech, Viemed Healthcare, Lipocine, Natural Alternatives, HUTCHMED DRC, and Marfrig Global. More
0641594A1 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 0641594A1's bond 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 BANK OF NOVA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.66 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 1.09 |
0641594A1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 0641594A1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 0641594A1's standard deviation. In reality, there are many statistical measures that can use 0641594A1 historical prices to predict the future 0641594A1's volatility.| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.16) |
BANK OF NOVA Backtested Returns
At this point, 0641594A1 is very steady. BANK OF NOVA secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the bond had a 0.1% return per unit of price deviation over the last 3 months. We have found twenty-two technical indicators for BANK OF NOVA, which you can use to evaluate the volatility of the entity. Please confirm 0641594A1's Mean Deviation of 0.4018, information ratio of (0.11), and Variance of 1.6 to double-check if the risk estimate we provide is consistent with the expected return of 0.0457%. The entity shows a Beta (market volatility) of 0.0917, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 0641594A1's returns are expected to increase less than the market. However, during the bear market, the loss of holding 0641594A1 is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
BANK OF NOVA has weak predictability. Overlapping area represents the amount of predictability between 0641594A1 time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 BANK OF NOVA price movement. The serial correlation of 0.2 indicates that over 20.0% of current 0641594A1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
BANK OF NOVA lagged returns against current returns
Autocorrelation, which is 0641594A1 bond'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 0641594A1's bond expected returns. We can calculate the autocorrelation of 0641594A1 returns to help us make a trade decision. For example, suppose you find that 0641594A1 has exhibited high autocorrelation historically, and you observe that the bond 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 |
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0641594A1 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 0641594A1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 0641594A1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 0641594A1 bond over time.
Current vs Lagged Prices |
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0641594A1 Lagged Returns
When evaluating 0641594A1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 0641594A1 bond have on its future price. 0641594A1 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, 0641594A1 autocorrelation shows the relationship between 0641594A1 bond current value and its past values and can show if there is a momentum factor associated with investing in BANK OF NOVA.
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 0641594A1 Bond
0641594A1 financial ratios help investors to determine whether 0641594A1 Bond 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 0641594A1 with respect to the benefits of owning 0641594A1 security.