Nuvonyx Stock Market Value
| TFGL Stock | USD 0.51 0.00 0.00% |
| Symbol | Nuvonyx |
Nuvonyx '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 Nuvonyx's pink sheet 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 Nuvonyx.
| 05/10/2025 |
| 08/08/2025 |
If you would invest 0.00 in Nuvonyx on May 10, 2025 and sell it all today you would earn a total of 0.00 from holding Nuvonyx or generate 0.0% return on investment in Nuvonyx over 90 days. Nuvonyx is related to or competes with Shanrong Biotechnology. Tracker Financial Group Ltd engages in the manufacture and marketing of nutritional products that feature aloe vera juic... More
Nuvonyx 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 Nuvonyx's pink sheet 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 Nuvonyx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0784 | |||
| Maximum Drawdown | 112.5 |
Nuvonyx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuvonyx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuvonyx's standard deviation. In reality, there are many statistical measures that can use Nuvonyx historical prices to predict the future Nuvonyx's volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | 1.36 | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (161.72) |
Nuvonyx Backtested Returns
Nuvonyx is out of control given 3 months investment horizon. Nuvonyx has Sharpe Ratio of 0.0881, which conveys that the firm had a 0.0881 % return per unit of risk over the last 3 months. We were able to analyze and collect data for sixteen different technical indicators, which can help you to evaluate if expected returns of 1.48% are justified by taking the suggested risk. Use Nuvonyx Standard Deviation of 16.16, risk adjusted performance of 0.0763, and Mean Deviation of 4.45 to evaluate company specific risk that cannot be diversified away. Nuvonyx holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.0084, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuvonyx are expected to decrease at a much lower rate. During the bear market, Nuvonyx is likely to outperform the market. Use Nuvonyx risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to analyze future returns on Nuvonyx.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Nuvonyx has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nuvonyx time series from 10th of May 2025 to 24th of June 2025 and 24th of June 2025 to 8th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nuvonyx price movement. The serial correlation of -0.2 indicates that over 20.0% of current Nuvonyx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nuvonyx lagged returns against current returns
Autocorrelation, which is Nuvonyx pink sheet'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 Nuvonyx's pink sheet expected returns. We can calculate the autocorrelation of Nuvonyx returns to help us make a trade decision. For example, suppose you find that Nuvonyx has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nuvonyx 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 Nuvonyx pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuvonyx pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuvonyx pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nuvonyx Lagged Returns
When evaluating Nuvonyx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuvonyx pink sheet have on its future price. Nuvonyx 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, Nuvonyx autocorrelation shows the relationship between Nuvonyx pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nuvonyx.
Regressed Prices |
| Timeline |
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Nuvonyx financial ratios help investors to determine whether Nuvonyx Pink Sheet 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 Nuvonyx with respect to the benefits of owning Nuvonyx security.