Nova Organic (Thailand) Market Value
| NV Stock | 0.95 0.03 3.06% |
| Symbol | Nova |
Nova Organic '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 Nova Organic'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 Nova Organic.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Nova Organic on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Nova Organic PCL or generate 0.0% return on investment in Nova Organic over 180 days. Nova Organic is related to or competes with North East, RB Food, Osotspa Public, ONE Enterprise, and LH Financial. More
Nova Organic 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 Nova Organic'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 Nova Organic PCL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 23.21 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 7.89 |
Nova Organic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Organic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova Organic's standard deviation. In reality, there are many statistical measures that can use Nova Organic historical prices to predict the future Nova Organic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.85) |
Nova Organic PCL Backtested Returns
Nova Organic PCL has Sharpe Ratio of -0.079, which conveys that the firm had a -0.079% return per unit of risk over the last 3 months. Nova Organic exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nova Organic's Standard Deviation of 3.88, mean deviation of 2.55, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nova Organic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nova Organic is expected to be smaller as well. At this point, Nova Organic PCL has a negative expected return of -0.31%. Please make sure to verify Nova Organic's kurtosis, as well as the relationship between the rate of daily change and price action indicator , to decide if Nova Organic PCL performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Nova Organic PCL has below average predictability. Overlapping area represents the amount of predictability between Nova Organic time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Nova Organic PCL price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Nova Organic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nova Organic PCL lagged returns against current returns
Autocorrelation, which is Nova Organic 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 Nova Organic's stock expected returns. We can calculate the autocorrelation of Nova Organic returns to help us make a trade decision. For example, suppose you find that Nova Organic 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 |
Nova Organic 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 Nova Organic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova Organic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova Organic stock over time.
Current vs Lagged Prices |
| Timeline |
Nova Organic Lagged Returns
When evaluating Nova Organic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nova Organic stock have on its future price. Nova Organic 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, Nova Organic autocorrelation shows the relationship between Nova Organic stock current value and its past values and can show if there is a momentum factor associated with investing in Nova Organic PCL.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Nova Stock
Nova Organic financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Organic security.