NOW (Germany) Market Value
| 11N Stock | 14.30 0.20 1.42% |
| Symbol | NOW |
NOW '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 NOW'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 NOW.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in NOW on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding NOW Inc or generate 0.0% return on investment in NOW over 30 days.
NOW 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 NOW'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 NOW Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0851 | |||
| Maximum Drawdown | 13.45 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 3.74 |
NOW Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOW's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NOW's standard deviation. In reality, there are many statistical measures that can use NOW historical prices to predict the future NOW's volatility.| Risk Adjusted Performance | 0.1114 | |||
| Jensen Alpha | 0.2573 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1002 | |||
| Treynor Ratio | 0.5656 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NOW'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.
NOW Inc Backtested Returns
NOW appears to be not too volatile, given 3 months investment horizon. NOW Inc has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for NOW, which you can use to evaluate the volatility of the firm. Please exercise NOW's Mean Deviation of 1.74, risk adjusted performance of 0.1114, and Market Risk Adjusted Performance of 0.5756 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NOW holds a performance score of 10. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NOW's returns are expected to increase less than the market. However, during the bear market, the loss of holding NOW is expected to be smaller as well. Please check NOW's total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether NOW's current price movements will revert.
Auto-correlation | 0.84 |
Very good predictability
NOW Inc has very good predictability. Overlapping area represents the amount of predictability between NOW time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 NOW Inc price movement. The serial correlation of 0.84 indicates that around 84.0% of current NOW price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
NOW Inc lagged returns against current returns
Autocorrelation, which is NOW 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 NOW's stock expected returns. We can calculate the autocorrelation of NOW returns to help us make a trade decision. For example, suppose you find that NOW 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 |
NOW 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 NOW stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NOW stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NOW stock over time.
Current vs Lagged Prices |
| Timeline |
NOW Lagged Returns
When evaluating NOW's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NOW stock have on its future price. NOW 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, NOW autocorrelation shows the relationship between NOW stock current value and its past values and can show if there is a momentum factor associated with investing in NOW Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NOW Stock Analysis
When running NOW's price analysis, check to measure NOW's 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 NOW is operating at the current time. Most of NOW's value examination focuses on studying past and present price action to predict the probability of NOW's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOW's price. Additionally, you may evaluate how the addition of NOW to your portfolios can decrease your overall portfolio volatility.