Nanomix Stock Market Value
| NNMX Stock | USD 0.0002 0.00 0.00% |
| Symbol | Nanomix |
Nanomix '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 Nanomix's pink sheet 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 Nanomix.
| 11/07/2024 |
| 12/07/2024 |
If you would invest 0.00 in Nanomix on November 7, 2024 and sell it all today you would earn a total of 0.00 from holding Nanomix or generate 0.0% return on investment in Nanomix over 30 days. Nanomix is related to or competes with Anteris Technologies, Cellink AB, Bone Biologics, STRATA Skin, Aurora Spine, Sight Sciences, and Inspira Technologies. Nanomix Corporation develops mobile point-of-care diagnostic system that is used in performing a range of in vitro diagn... More
Nanomix 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 Nanomix's pink sheet 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 Nanomix upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.112 | |||
| Maximum Drawdown | 100.0 |
Nanomix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanomix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanomix's standard deviation. In reality, there are many statistical measures that can use Nanomix historical prices to predict the future Nanomix's volatility.| Risk Adjusted Performance | 0.1009 | |||
| Jensen Alpha | 1.68 | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (1.08) |
Nanomix Backtested Returns
Nanomix is out of control given 3 months investment horizon. Nanomix has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have collected data for seventeen different technical indicators, which can help you to evaluate if expected returns of 1.56% are justified by taking the suggested risk. Use Nanomix Risk Adjusted Performance of 0.1009, standard deviation of 12.31, and Mean Deviation of 2.98 to evaluate company specific risk that cannot be diversified away. Nanomix holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.39, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nanomix are expected to decrease by larger amounts. On the other hand, during market turmoil, Nanomix is expected to outperform it. Use Nanomix information ratio and day median price , to analyze future returns on Nanomix.
Auto-correlation | 0.00 |
No correlation between past and present
Nanomix has no correlation between past and present. Overlapping area represents the amount of predictability between Nanomix time series from 7th of November 2024 to 22nd of November 2024 and 22nd of November 2024 to 7th 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 Nanomix price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nanomix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nanomix lagged returns against current returns
Autocorrelation, which is Nanomix pink sheet'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 Nanomix's pink sheet expected returns. We can calculate the autocorrelation of Nanomix returns to help us make a trade decision. For example, suppose you find that Nanomix has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nanomix 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 Nanomix pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanomix pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanomix pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nanomix Lagged Returns
When evaluating Nanomix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanomix pink sheet have on its future price. Nanomix 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, Nanomix autocorrelation shows the relationship between Nanomix pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nanomix.
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 Nanomix Pink Sheet Analysis
When running Nanomix's price analysis, check to measure Nanomix'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 Nanomix is operating at the current time. Most of Nanomix's value examination focuses on studying past and present price action to predict the probability of Nanomix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanomix's price. Additionally, you may evaluate how the addition of Nanomix to your portfolios can decrease your overall portfolio volatility.