NH Hoteles (Spain) Market Value

NHH Stock  EUR 4.10  0.03  0.73%   
NH Hoteles' market value is the price at which a share of NH Hoteles trades on a public exchange. It measures the collective expectations of NH Hoteles investors about its performance. NH Hoteles is trading at 4.10 as of the 4th of May 2024, a -0.73% down since the beginning of the trading day. The stock's open price was 4.13.
With this module, you can estimate the performance of a buy and hold strategy of NH Hoteles and determine expected loss or profit from investing in NH Hoteles over a given investment horizon. Check out NH Hoteles Correlation, NH Hoteles Volatility and NH Hoteles Alpha and Beta module to complement your research on NH Hoteles.
Symbol

Please note, there is a significant difference between NH Hoteles' value and its price as these two are different measures arrived at by different means. Investors typically determine if NH Hoteles is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NH Hoteles' 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.

NH Hoteles '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 NH Hoteles' 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 NH Hoteles.
0.00
02/04/2024
No Change 0.00  0.0 
In 3 months and 1 day
05/04/2024
0.00
If you would invest  0.00  in NH Hoteles on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding NH Hoteles or generate 0.0% return on investment in NH Hoteles over 90 days. NH Hoteles is related to or competes with Iberdrola, and Banco Santander. NH Hotel Group, S.A. operates hotels in Spain, Benelux, Italy, Germany, Latin America, and internationally More

NH Hoteles 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 NH Hoteles' 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 NH Hoteles upside and downside potential and time the market with a certain degree of confidence.

NH Hoteles Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NH Hoteles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NH Hoteles' standard deviation. In reality, there are many statistical measures that can use NH Hoteles historical prices to predict the future NH Hoteles' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NH Hoteles' 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.
Hype
Prediction
LowEstimatedHigh
2.434.105.77
Details
Intrinsic
Valuation
LowRealHigh
2.564.235.90
Details
Naive
Forecast
LowNextHigh
2.384.055.72
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.054.194.34
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NH Hoteles. Your research has to be compared to or analyzed against NH Hoteles' peers to derive any actionable benefits. When done correctly, NH Hoteles' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NH Hoteles.

NH Hoteles Backtested Returns

NH Hoteles retains Efficiency (Sharpe Ratio) of -0.0219, which conveys that the firm had a -0.0219% return per unit of price deviation over the last 3 months. NH Hoteles exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NH Hoteles' Mean Deviation of 1.24, market risk adjusted performance of 0.0094, and Standard Deviation of 1.65 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NH Hoteles' returns are expected to increase less than the market. However, during the bear market, the loss of holding NH Hoteles is expected to be smaller as well. NH Hoteles has an expected return of -0.0366%. Please make sure to verify NH Hoteles jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if NH Hoteles performance from the past will be repeated sooner or later.

Auto-correlation

    
  -0.75  

Almost perfect reverse predictability

NH Hoteles has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NH Hoteles time series from 4th of February 2024 to 20th of March 2024 and 20th of March 2024 to 4th 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 NH Hoteles price movement. The serial correlation of -0.75 indicates that around 75.0% of current NH Hoteles price fluctuation can be explain by its past prices.
Correlation Coefficient-0.75
Spearman Rank Test-0.77
Residual Average0.0
Price Variance0.01

NH Hoteles lagged returns against current returns

Autocorrelation, which is NH Hoteles 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 NH Hoteles' stock expected returns. We can calculate the autocorrelation of NH Hoteles returns to help us make a trade decision. For example, suppose you find that NH Hoteles 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  

NH Hoteles 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 NH Hoteles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NH Hoteles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NH Hoteles stock over time.
   Current vs Lagged Prices   
       Timeline  

NH Hoteles Lagged Returns

When evaluating NH Hoteles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NH Hoteles stock have on its future price. NH Hoteles 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, NH Hoteles autocorrelation shows the relationship between NH Hoteles stock current value and its past values and can show if there is a momentum factor associated with investing in NH Hoteles.
   Regressed Prices   
       Timeline  

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Check out NH Hoteles Correlation, NH Hoteles Volatility and NH Hoteles Alpha and Beta module to complement your research on NH Hoteles.
Note that the NH Hoteles information on this page should be used as a complementary analysis to other NH Hoteles' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running NH Hoteles' price analysis, check to measure NH Hoteles' 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 NH Hoteles is operating at the current time. Most of NH Hoteles' value examination focuses on studying past and present price action to predict the probability of NH Hoteles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NH Hoteles' price. Additionally, you may evaluate how the addition of NH Hoteles to your portfolios can decrease your overall portfolio volatility.
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NH Hoteles 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.
A focus of NH Hoteles technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NH Hoteles trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...