Nanoviricides Stock Technical Analysis
| NNVC Stock | USD 1.16 0.02 1.69% |
As of the 18th of April 2024, NanoViricides secures the Risk Adjusted Performance of 0.0475, downside deviation of 3.19, and Mean Deviation of 2.26. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NanoViricides, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for NanoViricides, which can be compared to its peers in the industry. Please verify NanoViricides treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if NanoViricides is priced some-what accurately, providing market reflects its recent price of 1.16 per share. Given that NanoViricides is a hitting penny stock territory we strongly suggest to closely look at its total risk alpha.
NanoViricides Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NanoViricides, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NanoViricidesNanoViricides |
NanoViricides Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 5.25 | Strong Buy | 1 | Odds |
Most NanoViricides analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NanoViricides stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NanoViricides, talking to its executives and customers, or listening to NanoViricides conference calls.
NanoViricides 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.
NanoViricides Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NanoViricides volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NanoViricides Trend Analysis
Use this graph to draw trend lines for NanoViricides. You can use it to identify possible trend reversals for NanoViricides as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NanoViricides price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NanoViricides Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NanoViricides applied against its price change over selected period. The best fit line has a slop of 0 , which means NanoViricides will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.17, which is the sum of squared deviations for the predicted NanoViricides price change compared to its average price change.About NanoViricides Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NanoViricides on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NanoViricides based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NanoViricides price pattern first instead of the macroeconomic environment surrounding NanoViricides. By analyzing NanoViricides's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NanoViricides's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NanoViricides specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Net Debt To EBITDA | 1.89 | 1.04 | 0.94 | 1.22 | Intangibles To Total Assets | 0.0145 | 0.0197 | 0.0227 | 0.023 |
NanoViricides April 18, 2024 Technical Indicators
Most technical analysis of NanoViricides help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NanoViricides from various momentum indicators to cycle indicators. When you analyze NanoViricides charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0475 | |||
| Market Risk Adjusted Performance | 0.6432 | |||
| Mean Deviation | 2.26 | |||
| Semi Deviation | 2.62 | |||
| Downside Deviation | 3.19 | |||
| Coefficient Of Variation | 1596.41 | |||
| Standard Deviation | 3.21 | |||
| Variance | 10.29 | |||
| Information Ratio | 0.0453 | |||
| Jensen Alpha | 0.1772 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0456 | |||
| Treynor Ratio | 0.6332 | |||
| Maximum Drawdown | 20.07 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 4.72 | |||
| Downside Variance | 10.16 | |||
| Semi Variance | 6.85 | |||
| Expected Short fall | (2.77) | |||
| Skewness | 0.8014 | |||
| Kurtosis | 3.08 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoViricides. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade NanoViricides Stock refer to our How to Trade NanoViricides Stock guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for NanoViricides Stock analysis
When running NanoViricides' price analysis, check to measure NanoViricides' 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 NanoViricides is operating at the current time. Most of NanoViricides' value examination focuses on studying past and present price action to predict the probability of NanoViricides' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NanoViricides' price. Additionally, you may evaluate how the addition of NanoViricides to your portfolios can decrease your overall portfolio volatility.
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Is NanoViricides' industry 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 NanoViricides. If investors know NanoViricides 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 NanoViricides listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.80) | Return On Assets (0.36) | Return On Equity (0.58) |
The market value of NanoViricides is measured differently than its book value, which is the value of NanoViricides that is recorded on the company's balance sheet. Investors also form their own opinion of NanoViricides' value that differs from its market value or its book value, called intrinsic value, which is NanoViricides' 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 NanoViricides' market value can be influenced by many factors that don't directly affect NanoViricides' 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 NanoViricides' value and its price as these two are different measures arrived at by different means. Investors typically determine if NanoViricides is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NanoViricides' 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.