Nyxoah Stock Market Value
| NYXH Stock | USD 8.39 0.25 3.07% |
| Symbol | Nyxoah |
Nyxoah 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 Nyxoah. If investors know Nyxoah 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 Nyxoah listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.80) | Revenue Per Share 0.166 | Quarterly Revenue Growth 0.297 | Return On Assets (0.23) | Return On Equity (0.50) |
The market value of Nyxoah is measured differently than its book value, which is the value of Nyxoah that is recorded on the company's balance sheet. Investors also form their own opinion of Nyxoah's value that differs from its market value or its book value, called intrinsic value, which is Nyxoah'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 Nyxoah's market value can be influenced by many factors that don't directly affect Nyxoah'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 Nyxoah's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nyxoah is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nyxoah'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.
Nyxoah '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 Nyxoah'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 Nyxoah.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Nyxoah on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Nyxoah or generate 0.0% return on investment in Nyxoah over 720 days. Nyxoah is related to or competes with Femasys, GlucoTrack, Disney, Walmart, Johnson Johnson, Chevron Corp, and GE Aerospace. Nyxoah S.A., a medical technology company, focuses on the development and commercialization of solutions to treat sleep ... More
Nyxoah 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 Nyxoah'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 Nyxoah upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.03 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 5.4 |
Nyxoah Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nyxoah's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nyxoah's standard deviation. In reality, there are many statistical measures that can use Nyxoah historical prices to predict the future Nyxoah's volatility.| Risk Adjusted Performance | 0.0075 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nyxoah's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nyxoah Backtested Returns
Nyxoah is not too volatile at the moment. Nyxoah has Sharpe Ratio of 0.0427, which conveys that the firm had a 0.0427% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nyxoah, which you can use to evaluate the volatility of the firm. Please verify Nyxoah's Mean Deviation of 1.9, downside deviation of 2.24, and Risk Adjusted Performance of 0.0075 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Nyxoah has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nyxoah's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nyxoah is expected to be smaller as well. Nyxoah right now secures a risk of 2.46%. Please verify Nyxoah semi variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Nyxoah will be following its current price movements.
Auto-correlation | 0.02 |
Virtually no predictability
Nyxoah has virtually no predictability. Overlapping area represents the amount of predictability between Nyxoah time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Nyxoah price movement. The serial correlation of 0.02 indicates that only 2.0% of current Nyxoah price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 8.7 |
Nyxoah lagged returns against current returns
Autocorrelation, which is Nyxoah 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 Nyxoah's stock expected returns. We can calculate the autocorrelation of Nyxoah returns to help us make a trade decision. For example, suppose you find that Nyxoah 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 |
Nyxoah 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 Nyxoah stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nyxoah stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nyxoah stock over time.
Current vs Lagged Prices |
| Timeline |
Nyxoah Lagged Returns
When evaluating Nyxoah's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nyxoah stock have on its future price. Nyxoah 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, Nyxoah autocorrelation shows the relationship between Nyxoah stock current value and its past values and can show if there is a momentum factor associated with investing in Nyxoah.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Nyxoah offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nyxoah's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nyxoah Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nyxoah Stock:Check out Nyxoah Correlation, Nyxoah Volatility and Nyxoah Alpha and Beta module to complement your research on Nyxoah. For more detail on how to invest in Nyxoah Stock please use our How to Invest in Nyxoah guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Nyxoah technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.