Nacon Sa (France) Market Value
| NACON Stock | EUR 0.47 0.03 6.00% |
| Symbol | Nacon |
Nacon Sa '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 Nacon Sa'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 Nacon Sa.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Nacon Sa on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Nacon Sa or generate 0.0% return on investment in Nacon Sa over 360 days. Nacon Sa is related to or competes with BigBen Interactive, Neoen SA, and Voltalia. Nacon S.A. designs and distributes gaming accessories in France and internationally More
Nacon Sa 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 Nacon Sa'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 Nacon Sa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 18.38 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 3.92 |
Nacon Sa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nacon Sa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nacon Sa's standard deviation. In reality, there are many statistical measures that can use Nacon Sa historical prices to predict the future Nacon Sa's volatility.| Risk Adjusted Performance | (0.26) | |||
| Jensen Alpha | (1.10) | |||
| Total Risk Alpha | (1.66) | |||
| Treynor Ratio | 3.94 |
Nacon Sa Backtested Returns
Nacon Sa has Sharpe Ratio of -0.38, which conveys that the firm had a -0.38% return per unit of risk over the last 3 months. Nacon Sa exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nacon Sa's Risk Adjusted Performance of (0.26), mean deviation of 2.36, and Standard Deviation of 3.17 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nacon Sa are expected to decrease at a much lower rate. During the bear market, Nacon Sa is likely to outperform the market. At this point, Nacon Sa has a negative expected return of -1.22%. Please make sure to verify Nacon Sa's total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Nacon Sa performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Nacon Sa has good predictability. Overlapping area represents the amount of predictability between Nacon Sa time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 Nacon Sa price movement. The serial correlation of 0.76 indicates that around 76.0% of current Nacon Sa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Nacon Sa lagged returns against current returns
Autocorrelation, which is Nacon Sa 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 Nacon Sa's stock expected returns. We can calculate the autocorrelation of Nacon Sa returns to help us make a trade decision. For example, suppose you find that Nacon Sa 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 |
Nacon Sa 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 Nacon Sa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nacon Sa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nacon Sa stock over time.
Current vs Lagged Prices |
| Timeline |
Nacon Sa Lagged Returns
When evaluating Nacon Sa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nacon Sa stock have on its future price. Nacon Sa 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, Nacon Sa autocorrelation shows the relationship between Nacon Sa stock current value and its past values and can show if there is a momentum factor associated with investing in Nacon Sa.
Regressed Prices |
| Timeline |
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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.Additional Tools for Nacon Stock Analysis
When running Nacon Sa's price analysis, check to measure Nacon Sa'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 Nacon Sa is operating at the current time. Most of Nacon Sa's value examination focuses on studying past and present price action to predict the probability of Nacon Sa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nacon Sa's price. Additionally, you may evaluate how the addition of Nacon Sa to your portfolios can decrease your overall portfolio volatility.