Noodles Company Stock Market Value
| NDLS Stock | USD 1.85 0.04 2.21% |
| Symbol | Noodles |
Noodles Company Price To Book Ratio
Is Noodles' industry 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 Noodles. If investors know Noodles 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 Noodles listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Earnings Share (0.28) | Revenue Per Share 10.936 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0048 |
The market value of Noodles Company is measured differently than its book value, which is the value of Noodles that is recorded on the company's balance sheet. Investors also form their own opinion of Noodles' value that differs from its market value or its book value, called intrinsic value, which is Noodles' 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 Noodles' market value can be influenced by many factors that don't directly affect Noodles' 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 Noodles' value and its price as these two are different measures arrived at by different means. Investors typically determine if Noodles is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noodles' 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.
Noodles '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 Noodles' 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 Noodles.
| 02/26/2024 |
| 05/26/2024 |
If you would invest 0.00 in Noodles on February 26, 2024 and sell it all today you would earn a total of 0.00 from holding Noodles Company or generate 0.0% return on investment in Noodles over 90 days. Noodles is related to or competes with Bayview Acquisition, China Feihe, SEI Investments, Fidelity Income, Golub Capital, Broad Capital, and Goldman Sachs. Noodles Company, a restaurant concept company, develops and operates fast-casual restaurants More
Noodles 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 Noodles' 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 Noodles Company upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 33.32 | |||
| Value At Risk | (8.09) | |||
| Potential Upside | 9.24 |
Noodles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noodles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Noodles' standard deviation. In reality, there are many statistical measures that can use Noodles historical prices to predict the future Noodles' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Noodles' 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.
Noodles Company Backtested Returns
Noodles Company has Sharpe Ratio of -0.0586, which conveys that the firm had a -0.0586% return per unit of risk over the last 3 months. Noodles exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Noodles' Standard Deviation of 5.43, mean deviation of 3.71, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 3.94, 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, Noodles will likely underperform. Noodles Company has an expected return of -0.32%. Please make sure to verify Noodles Company total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Noodles Company performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Noodles Company has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Noodles time series from 26th of February 2024 to 11th of April 2024 and 11th of April 2024 to 26th of May 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 Noodles Company price movement. The serial correlation of -0.71 indicates that around 71.0% of current Noodles price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Noodles Company lagged returns against current returns
Autocorrelation, which is Noodles 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 Noodles' stock expected returns. We can calculate the autocorrelation of Noodles returns to help us make a trade decision. For example, suppose you find that Noodles 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 |
Noodles 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 Noodles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Noodles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Noodles stock over time.
Current vs Lagged Prices |
| Timeline |
Noodles Lagged Returns
When evaluating Noodles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Noodles stock have on its future price. Noodles 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, Noodles autocorrelation shows the relationship between Noodles stock current value and its past values and can show if there is a momentum factor associated with investing in Noodles Company.
Regressed Prices |
| Timeline |
Pair Trading with Noodles
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Noodles position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Noodles will appreciate offsetting losses from the drop in the long position's value.Moving together with Noodles Stock
| 0.66 | MCD | McDonalds Financial Report 25th of July 2024 | PairCorr |
| 0.74 | LL | LL Flooring Holdings | PairCorr |
| 0.66 | VUZI | Vuzix Corp Cmn | PairCorr |
Moving against Noodles Stock
| 0.54 | HEAR | Turtle Beach Corp | PairCorr |
| 0.51 | MSN | Emerson Radio | PairCorr |
The ability to find closely correlated positions to Noodles could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Noodles when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Noodles - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Noodles Company to buy it.
The correlation of Noodles is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Noodles moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Noodles Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Noodles can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Noodles Correlation, Noodles Volatility and Noodles Alpha and Beta module to complement your research on Noodles. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Noodles Stock analysis
When running Noodles' price analysis, check to measure Noodles' 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 Noodles is operating at the current time. Most of Noodles' value examination focuses on studying past and present price action to predict the probability of Noodles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noodles' price. Additionally, you may evaluate how the addition of Noodles to your portfolios can decrease your overall portfolio volatility.
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Noodles 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.