Nutriband Stock Market Value
| NTRB Stock | USD 6.70 0.02 0.30% |
| Symbol | Nutriband |
Nutriband Price To Book Ratio
Is Biotechnology 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 Nutriband. If investors know Nutriband 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 Nutriband listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.81) | Revenue Per Share 0.243 | Quarterly Revenue Growth (0.14) | Return On Assets (0.30) | Return On Equity (0.60) |
The market value of Nutriband is measured differently than its book value, which is the value of Nutriband that is recorded on the company's balance sheet. Investors also form their own opinion of Nutriband's value that differs from its market value or its book value, called intrinsic value, which is Nutriband'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 Nutriband's market value can be influenced by many factors that don't directly affect Nutriband'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 Nutriband's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nutriband is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nutriband'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.
Nutriband '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 Nutriband'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 Nutriband.
| 06/27/2024 |
| 09/25/2024 |
If you would invest 0.00 in Nutriband on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nutriband or generate 0.0% return on investment in Nutriband over 90 days. Nutriband is related to or competes with RenovoRx, Scpharmaceuticals, and Milestone Pharmaceuticals. Nutriband Inc. develops a portfolio of transdermal pharmaceutical products More
Nutriband 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 Nutriband'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 Nutriband upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.37 | |||
| Information Ratio | 0.072 | |||
| Maximum Drawdown | 38.64 | |||
| Value At Risk | (9.82) | |||
| Potential Upside | 13.8 |
Nutriband Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nutriband's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nutriband's standard deviation. In reality, there are many statistical measures that can use Nutriband historical prices to predict the future Nutriband's volatility.| Risk Adjusted Performance | 0.079 | |||
| Jensen Alpha | 0.7355 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.076 | |||
| Treynor Ratio | (1.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nutriband'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.
Nutriband Backtested Returns
Nutriband appears to be relatively risky, given 3 months investment horizon. Nutriband has Sharpe Ratio of 0.0844, which conveys that the firm had a 0.0844% return per unit of risk over the last 3 months. By analyzing Nutriband's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please exercise Nutriband's Risk Adjusted Performance of 0.079, downside deviation of 7.37, and Mean Deviation of 5.89 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nutriband holds a performance score of 6. The company secures a Beta (Market Risk) of -0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nutriband are expected to decrease at a much lower rate. During the bear market, Nutriband is likely to outperform the market. Please check Nutriband's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Nutriband's current price movements will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Nutriband has very good reverse predictability. Overlapping area represents the amount of predictability between Nutriband time series from 27th of June 2024 to 11th of August 2024 and 11th of August 2024 to 25th of September 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 Nutriband price movement. The serial correlation of -0.69 indicates that around 69.0% of current Nutriband price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Nutriband lagged returns against current returns
Autocorrelation, which is Nutriband 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 Nutriband's stock expected returns. We can calculate the autocorrelation of Nutriband returns to help us make a trade decision. For example, suppose you find that Nutriband 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 |
Nutriband 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 Nutriband stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nutriband stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nutriband stock over time.
Current vs Lagged Prices |
| Timeline |
Nutriband Lagged Returns
When evaluating Nutriband's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nutriband stock have on its future price. Nutriband 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, Nutriband autocorrelation shows the relationship between Nutriband stock current value and its past values and can show if there is a momentum factor associated with investing in Nutriband.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Nutriband Stock
When determining whether Nutriband offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nutriband'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 Nutriband Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nutriband Stock:Check out Nutriband Correlation, Nutriband Volatility and Nutriband Alpha and Beta module to complement your research on Nutriband. For information on how to trade Nutriband Stock refer to our How to Trade Nutriband Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Nutriband 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.