Nbi Global Real Stock Market Value
| NREA Stock | CAD 19.92 0.04 0.20% |
| Symbol | NBI |
NBI Global '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 NBI Global'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 NBI Global.
| 06/21/2023 |
| 06/15/2024 |
If you would invest 0.00 in NBI Global on June 21, 2023 and sell it all today you would earn a total of 0.00 from holding NBI Global Real or generate 0.0% return on investment in NBI Global over 360 days. NBI Global is related to or competes with Uniteds, E L, Canadian General, Clairvest, and Guardian Capital. The investment objective is to provide income and long-term capital growth while focusing on hedging against inflation More
NBI Global 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 NBI Global'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 NBI Global Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5633 | |||
| Information Ratio | 0.1537 | |||
| Maximum Drawdown | 2.61 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.9906 |
NBI Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBI Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBI Global's standard deviation. In reality, there are many statistical measures that can use NBI Global historical prices to predict the future NBI Global's volatility.| Risk Adjusted Performance | 0.0917 | |||
| Jensen Alpha | 0.0733 | |||
| Total Risk Alpha | 0.0829 | |||
| Sortino Ratio | 0.1497 | |||
| Treynor Ratio | 0.6524 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NBI Global'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.
NBI Global Real Backtested Returns
We consider NBI Global very steady. NBI Global Real has Sharpe Ratio of 0.14, which conveys that the company had a 0.14% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NBI Global, which you can use to evaluate the volatility of the entity. Please verify NBI Global's Market Risk Adjusted Performance of 0.6624, mean deviation of 0.4317, and Downside Deviation of 0.5633 to check out if the risk estimate we provide is consistent with the expected return of 0.0782%. NBI Global has a performance score of 11 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NBI Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding NBI Global is expected to be smaller as well. NBI Global Real now secures a risk of 0.55%. Please verify NBI Global Real jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if NBI Global Real will be following its current price movements.
Auto-correlation | 0.15 |
Insignificant predictability
NBI Global Real has insignificant predictability. Overlapping area represents the amount of predictability between NBI Global time series from 21st of June 2023 to 18th of December 2023 and 18th of December 2023 to 15th of June 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 NBI Global Real price movement. The serial correlation of 0.15 indicates that less than 15.0% of current NBI Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
NBI Global Real lagged returns against current returns
Autocorrelation, which is NBI Global 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 NBI Global's stock expected returns. We can calculate the autocorrelation of NBI Global returns to help us make a trade decision. For example, suppose you find that NBI Global 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 |
NBI Global 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 NBI Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBI Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBI Global stock over time.
Current vs Lagged Prices |
| Timeline |
NBI Global Lagged Returns
When evaluating NBI Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBI Global stock have on its future price. NBI Global 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, NBI Global autocorrelation shows the relationship between NBI Global stock current value and its past values and can show if there is a momentum factor associated with investing in NBI Global Real.
Regressed Prices |
| Timeline |
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NBI Global financial ratios help investors to determine whether NBI 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 NBI with respect to the benefits of owning NBI Global security.