Nexam Chemical (Sweden) Market Value
| NEXAM Stock | SEK 3.86 0.03 0.77% |
| Symbol | Nexam |
Nexam Chemical '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 Nexam Chemical'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 Nexam Chemical.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Nexam Chemical on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nexam Chemical Holding or generate 0.0% return on investment in Nexam Chemical over 90 days. Nexam Chemical is related to or competes with Auriant Mining, AXichem AB, Clean Motion, KABE Group, IAR Systems, Mekonomen, and Embellence Group. Nexam Chemical Holding AB develops solutions that enhance properties and performance of various types of polymers More
Nexam Chemical 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 Nexam Chemical'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 Nexam Chemical Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 17.8 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 3.67 |
Nexam Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexam Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexam Chemical's standard deviation. In reality, there are many statistical measures that can use Nexam Chemical historical prices to predict the future Nexam Chemical's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 3.13 |
Nexam Chemical Holding Backtested Returns
Nexam Chemical Holding has Sharpe Ratio of -0.0963, which conveys that the firm had a -0.0963% return per unit of risk over the last 3 months. Nexam Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nexam Chemical's Mean Deviation of 2.35, risk adjusted performance of (0.06), and Standard Deviation of 3.24 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nexam Chemical are expected to decrease at a much lower rate. During the bear market, Nexam Chemical is likely to outperform the market. At this point, Nexam Chemical Holding has a negative expected return of -0.31%. Please make sure to verify Nexam Chemical's potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Nexam Chemical Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Nexam Chemical Holding has modest predictability. Overlapping area represents the amount of predictability between Nexam Chemical time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 Nexam Chemical Holding price movement. The serial correlation of 0.55 indicates that about 55.0% of current Nexam Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nexam Chemical Holding lagged returns against current returns
Autocorrelation, which is Nexam Chemical 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 Nexam Chemical's stock expected returns. We can calculate the autocorrelation of Nexam Chemical returns to help us make a trade decision. For example, suppose you find that Nexam Chemical 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 |
Nexam Chemical 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 Nexam Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexam Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexam Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Nexam Chemical Lagged Returns
When evaluating Nexam Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexam Chemical stock have on its future price. Nexam Chemical 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, Nexam Chemical autocorrelation shows the relationship between Nexam Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Nexam Chemical Holding.
Regressed Prices |
| Timeline |
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Additional Tools for Nexam Stock Analysis
When running Nexam Chemical's price analysis, check to measure Nexam Chemical'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 Nexam Chemical is operating at the current time. Most of Nexam Chemical's value examination focuses on studying past and present price action to predict the probability of Nexam Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexam Chemical's price. Additionally, you may evaluate how the addition of Nexam Chemical to your portfolios can decrease your overall portfolio volatility.