Nano X Imaging Stock Market Value
| NNOX Stock | USD 6.76 0.19 2.89% |
| Symbol | Nano |
Nano X Imaging Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nano X. If investors know Nano will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nano X listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.86) | Revenue Per Share 0.175 | Quarterly Revenue Growth 0.045 | Return On Assets (0.17) | Return On Equity (0.31) |
The market value of Nano X Imaging is measured differently than its book value, which is the value of Nano that is recorded on the company's balance sheet. Investors also form their own opinion of Nano X's value that differs from its market value or its book value, called intrinsic value, which is Nano X's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nano X's market value can be influenced by many factors that don't directly affect Nano X's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nano X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nano X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nano X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nano X '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 X'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 X.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Nano X on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Nano X Imaging or generate 0.0% return on investment in Nano X over 30 days. Nano X is related to or competes with Abbott Laboratories, Stryker, Edwards Lifesciences, Boston Scientific, DexCom, Integra LifeSciences, and Monogram Orthopaedics. Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source More
Nano X 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 X'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 X Imaging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.39 | |||
| Information Ratio | 0.0378 | |||
| Maximum Drawdown | 35.93 | |||
| Value At Risk | (7.67) | |||
| Potential Upside | 6.35 |
Nano X Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nano X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nano X's standard deviation. In reality, there are many statistical measures that can use Nano X historical prices to predict the future Nano X's volatility.| Risk Adjusted Performance | 0.0431 | |||
| Jensen Alpha | 0.1874 | |||
| Total Risk Alpha | 0.0775 | |||
| Sortino Ratio | 0.0486 | |||
| Treynor Ratio | 0.1088 |
Nano X Imaging Backtested Returns
Nano X appears to be slightly risky, given 3 months investment horizon. Nano X Imaging has Sharpe Ratio of 0.0588, which conveys that the firm had a 0.0588% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nano X, which you can use to evaluate the volatility of the firm. Please exercise Nano X's Mean Deviation of 3.6, risk adjusted performance of 0.0431, and Downside Deviation of 4.39 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nano X holds a performance score of 4. The company secures a Beta (Market Risk) of 2.17, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nano X will likely underperform. Please check Nano X's value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Nano X's current price movements will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Nano X Imaging has poor reverse predictability. Overlapping area represents the amount of predictability between Nano X time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 X Imaging price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Nano X price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Nano X Imaging lagged returns against current returns
Autocorrelation, which is Nano X 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 X's stock expected returns. We can calculate the autocorrelation of Nano X returns to help us make a trade decision. For example, suppose you find that Nano X 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 X 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 X stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nano X stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nano X stock over time.
Current vs Lagged Prices |
| Timeline |
Nano X Lagged Returns
When evaluating Nano X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nano X stock have on its future price. Nano X 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 X autocorrelation shows the relationship between Nano X stock current value and its past values and can show if there is a momentum factor associated with investing in Nano X Imaging.
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 Nano Stock Analysis
When running Nano X's price analysis, check to measure Nano X'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 Nano X is operating at the current time. Most of Nano X's value examination focuses on studying past and present price action to predict the probability of Nano X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nano X's price. Additionally, you may evaluate how the addition of Nano X to your portfolios can decrease your overall portfolio volatility.