Nanoform Finland (Sweden) Market Value
| NANOFS Stock | SEK 17.10 1.12 6.15% |
| Symbol | Nanoform |
Nanoform Finland '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 Nanoform Finland'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 Nanoform Finland.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nanoform Finland on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nanoform Finland Plc or generate 0.0% return on investment in Nanoform Finland over 30 days. Nanoform Finland is related to or competes with Hansa Biopharma, Xbrane Biopharma, and BioArctic. Nanoform Finland Oy provides nanotechnology and drug particle engineering services for the pharmaceutical and biotechnol... More
Nanoform Finland 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 Nanoform Finland'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 Nanoform Finland Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 21.59 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 5.78 |
Nanoform Finland Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanoform Finland's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanoform Finland's standard deviation. In reality, there are many statistical measures that can use Nanoform Finland historical prices to predict the future Nanoform Finland's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 1.76 |
Nanoform Finland Plc Backtested Returns
Nanoform Finland Plc has Sharpe Ratio of -0.0717, which conveys that the firm had a -0.0717% return per unit of risk over the last 3 months. Nanoform Finland exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nanoform Finland's Standard Deviation of 3.82, risk adjusted performance of (0.03), and Mean Deviation of 2.46 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nanoform Finland are expected to decrease at a much lower rate. During the bear market, Nanoform Finland is likely to outperform the market. At this point, Nanoform Finland Plc has a negative expected return of -0.27%. Please make sure to verify Nanoform Finland's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Nanoform Finland Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Nanoform Finland Plc has near perfect reversele predictability. Overlapping area represents the amount of predictability between Nanoform Finland time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Nanoform Finland Plc price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Nanoform Finland price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 3.53 |
Nanoform Finland Plc lagged returns against current returns
Autocorrelation, which is Nanoform Finland 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 Nanoform Finland's stock expected returns. We can calculate the autocorrelation of Nanoform Finland returns to help us make a trade decision. For example, suppose you find that Nanoform Finland 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 |
Nanoform Finland 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 Nanoform Finland stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanoform Finland stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanoform Finland stock over time.
Current vs Lagged Prices |
| Timeline |
Nanoform Finland Lagged Returns
When evaluating Nanoform Finland's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanoform Finland stock have on its future price. Nanoform Finland 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, Nanoform Finland autocorrelation shows the relationship between Nanoform Finland stock current value and its past values and can show if there is a momentum factor associated with investing in Nanoform Finland Plc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nanoform Stock
Nanoform Finland financial ratios help investors to determine whether Nanoform 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 Nanoform with respect to the benefits of owning Nanoform Finland security.