NOVANT 2637 01 NOV 36 Market Value
| 66988AAG9 | 70.65 6.90 8.90% |
| Symbol | NOVANT |
Please note, there is a significant difference between NOVANT's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOVANT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOVANT'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.
NOVANT '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 NOVANT'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 NOVANT.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in NOVANT on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding NOVANT 2637 01 NOV 36 or generate 0.0% return on investment in NOVANT over 480 days. NOVANT is related to or competes with Perseus Mining, Jabil Circuit, Summit Materials, Vindicator Silver, Emerson Radio, and Allient. More
NOVANT 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 NOVANT'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 NOVANT 2637 01 NOV 36 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.11 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.14 |
NOVANT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOVANT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NOVANT's standard deviation. In reality, there are many statistical measures that can use NOVANT historical prices to predict the future NOVANT's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.2082 |
NOVANT 2637 01 Backtested Returns
NOVANT 2637 01 has Sharpe Ratio of -0.0424, which conveys that the entity had a -0.0424% return per unit of standard deviation over the last 3 months. NOVANT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NOVANT's Mean Deviation of 1.28, market risk adjusted performance of 0.2182, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NOVANT are expected to decrease at a much lower rate. During the bear market, NOVANT is likely to outperform the market.
Auto-correlation | 0.33 |
Below average predictability
NOVANT 2637 01 NOV 36 has below average predictability. Overlapping area represents the amount of predictability between NOVANT time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 NOVANT 2637 01 price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current NOVANT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 7.48 |
NOVANT 2637 01 lagged returns against current returns
Autocorrelation, which is NOVANT 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 NOVANT's bond expected returns. We can calculate the autocorrelation of NOVANT returns to help us make a trade decision. For example, suppose you find that NOVANT 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 |
| Timeline |
NOVANT 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 NOVANT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NOVANT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NOVANT bond over time.
Current vs Lagged Prices |
| Timeline |
NOVANT Lagged Returns
When evaluating NOVANT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NOVANT bond have on its future price. NOVANT 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, NOVANT autocorrelation shows the relationship between NOVANT bond current value and its past values and can show if there is a momentum factor associated with investing in NOVANT 2637 01 NOV 36.
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 NOVANT Bond
NOVANT financial ratios help investors to determine whether NOVANT 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 NOVANT with respect to the benefits of owning NOVANT security.