Novozymes As B Stock Market Value

NVZMF Stock  USD 58.86  0.09  0.15%   
Novozymes' market value is the price at which a share of Novozymes trades on a public exchange. It measures the collective expectations of Novozymes AS B investors about its performance. Novozymes is trading at 58.86 as of the 28th of March 2024. This is a 0.15 percent up since the beginning of the trading day. The stock's lowest day price was 58.86.
With this module, you can estimate the performance of a buy and hold strategy of Novozymes AS B and determine expected loss or profit from investing in Novozymes over a given investment horizon. Check out Novozymes Correlation, Novozymes Volatility and Novozymes Alpha and Beta module to complement your research on Novozymes.
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Please note, there is a significant difference between Novozymes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Novozymes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novozymes' 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.

Novozymes '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 Novozymes' 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 Novozymes.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Novozymes on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Novozymes AS B or generate 0.0% return on investment in Novozymes over 30 days. Novozymes is related to or competes with Sherwin Williams, Ecolab, Air Products, PPG Industries, Dupont De, and Kroger. Novozymes AS produces and sells industrial enzymes, microorganisms, and probiotics in Europe, the Middle East, Africa, N... More

Novozymes 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 Novozymes' 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 Novozymes AS B upside and downside potential and time the market with a certain degree of confidence.

Novozymes Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Novozymes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novozymes' standard deviation. In reality, there are many statistical measures that can use Novozymes historical prices to predict the future Novozymes' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Novozymes' 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
57.1058.8660.62
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Intrinsic
Valuation
LowRealHigh
55.5357.2959.05
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Novozymes. Your research has to be compared to or analyzed against Novozymes' peers to derive any actionable benefits. When done correctly, Novozymes' 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 Novozymes AS B.

Novozymes AS B Backtested Returns

We consider Novozymes very steady. Novozymes AS B has Sharpe Ratio of 0.071, which conveys that the firm had a 0.071% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Novozymes, which you can use to evaluate the volatility of the firm. Please verify Novozymes' Risk Adjusted Performance of 0.0701, downside deviation of 1.89, and Mean Deviation of 1.32 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Novozymes has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Novozymes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Novozymes is expected to be smaller as well. Novozymes AS B right now secures a risk of 1.76%. Please verify Novozymes AS B downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Novozymes AS B will be following its current price movements.

Auto-correlation

    
  0.06  

Virtually no predictability

Novozymes AS B has virtually no predictability. Overlapping area represents the amount of predictability between Novozymes time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Novozymes AS B price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Novozymes price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.31
Residual Average0.0
Price Variance0.55

Novozymes AS B lagged returns against current returns

Autocorrelation, which is Novozymes 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 Novozymes' pink sheet expected returns. We can calculate the autocorrelation of Novozymes returns to help us make a trade decision. For example, suppose you find that Novozymes 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   
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Novozymes 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 Novozymes pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novozymes pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novozymes pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Novozymes Lagged Returns

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

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Check out Novozymes Correlation, Novozymes Volatility and Novozymes Alpha and Beta module to complement your research on Novozymes.
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Novozymes technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Novozymes technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Novozymes 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...