Nano One Materials Stock Market Value
| NANO Stock | 0.92 0.01 1.10% |
| Symbol | Nano |
Nano One Materials Price To Book Ratio
Nano One '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 Nano One'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 Nano One.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Nano One on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nano One Materials or generate 0.0% return on investment in Nano One over 30 days. Nano One is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Nano One is entity of Canada. It is traded as Stock on TO exchange. More
Nano One 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 Nano One'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 Nano One Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.22 | |||
| Information Ratio | 0.077 | |||
| Maximum Drawdown | 49.01 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 8.43 |
Nano One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nano One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nano One's standard deviation. In reality, there are many statistical measures that can use Nano One historical prices to predict the future Nano One's volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | 0.5391 | |||
| Total Risk Alpha | 0.1921 | |||
| Sortino Ratio | 0.1208 | |||
| Treynor Ratio | 1.8 |
Nano One Materials Backtested Returns
Nano One Materials has Sharpe Ratio of -0.0769, which conveys that the firm had a -0.0769% return per unit of risk over the last 3 months. Nano One exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nano One's Downside Deviation of 4.22, risk adjusted performance of 0.0763, and Mean Deviation of 3.81 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nano One's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nano One is expected to be smaller as well. At this point, Nano One Materials has a negative expected return of -0.32%. Please make sure to verify Nano One's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Nano One Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Nano One Materials has virtually no predictability. Overlapping area represents the amount of predictability between Nano One time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Nano One Materials price movement. The serial correlation of 0.01 indicates that just 1.0% of current Nano One price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nano One Materials lagged returns against current returns
Autocorrelation, which is Nano One 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 Nano One's stock expected returns. We can calculate the autocorrelation of Nano One returns to help us make a trade decision. For example, suppose you find that Nano One 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 |
Nano One 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 Nano One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nano One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nano One stock over time.
Current vs Lagged Prices |
| Timeline |
Nano One Lagged Returns
When evaluating Nano One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nano One stock have on its future price. Nano One 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, Nano One autocorrelation shows the relationship between Nano One stock current value and its past values and can show if there is a momentum factor associated with investing in Nano One Materials.
Regressed Prices |
| Timeline |
Pair Trading with Nano One
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nano One position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nano One will appreciate offsetting losses from the drop in the long position's value.Moving against Nano Stock
| 0.62 | NICU | Magna Mining | PairCorr |
| 0.53 | JPM | JPMorgan Chase | PairCorr |
| 0.53 | BOFA | Bank of America | PairCorr |
| 0.53 | WMT | Walmart Inc CDR | PairCorr |
| 0.52 | GS | GOLDMAN SACHS CDR | PairCorr |
The ability to find closely correlated positions to Nano One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nano One when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nano One - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nano One Materials to buy it.
The correlation of Nano One is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nano One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nano One Materials moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nano One can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Nano Stock
Nano One financial ratios help investors to determine whether Nano 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 Nano with respect to the benefits of owning Nano One security.