Nanotech Indonesia (Indonesia) Market Value
| NANO Stock | 20.00 1.00 5.26% |
| Symbol | Nanotech |
Nanotech Indonesia '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 Nanotech Indonesia'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 Nanotech Indonesia.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Nanotech Indonesia on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Nanotech Indonesia Global or generate 0.0% return on investment in Nanotech Indonesia over 30 days. Nanotech Indonesia is related to or competes with Sumber Tani, Dayamitra Telekomunikasi, Wahana Inti, Wir Asia, and Semacom Integrated. More
Nanotech Indonesia 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 Nanotech Indonesia'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 Nanotech Indonesia Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.49 | |||
| Information Ratio | 0.054 | |||
| Maximum Drawdown | 15.0 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 |
Nanotech Indonesia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanotech Indonesia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanotech Indonesia's standard deviation. In reality, there are many statistical measures that can use Nanotech Indonesia historical prices to predict the future Nanotech Indonesia's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.2661 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0311 | |||
| Treynor Ratio | 1.71 |
Nanotech Indonesia Global Backtested Returns
Nanotech Indonesia appears to be not too volatile, given 3 months investment horizon. Nanotech Indonesia Global has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nanotech Indonesia, which you can use to evaluate the volatility of the firm. Please exercise Nanotech Indonesia's Risk Adjusted Performance of 0.0752, downside deviation of 5.49, and Mean Deviation of 1.9 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nanotech Indonesia holds a performance score of 7. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nanotech Indonesia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nanotech Indonesia is expected to be smaller as well. Please check Nanotech Indonesia's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Nanotech Indonesia's current price movements will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Nanotech Indonesia Global has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nanotech Indonesia time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Nanotech Indonesia Global price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Nanotech Indonesia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Nanotech Indonesia Global lagged returns against current returns
Autocorrelation, which is Nanotech Indonesia 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 Nanotech Indonesia's stock expected returns. We can calculate the autocorrelation of Nanotech Indonesia returns to help us make a trade decision. For example, suppose you find that Nanotech Indonesia 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 |
Nanotech Indonesia 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 Nanotech Indonesia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanotech Indonesia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanotech Indonesia stock over time.
Current vs Lagged Prices |
| Timeline |
Nanotech Indonesia Lagged Returns
When evaluating Nanotech Indonesia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanotech Indonesia stock have on its future price. Nanotech Indonesia 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, Nanotech Indonesia autocorrelation shows the relationship between Nanotech Indonesia stock current value and its past values and can show if there is a momentum factor associated with investing in Nanotech Indonesia Global.
Regressed Prices |
| Timeline |
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Nanotech Indonesia financial ratios help investors to determine whether Nanotech 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 Nanotech with respect to the benefits of owning Nanotech Indonesia security.