1414 Degrees (Australia) Market Value
| 14D Stock | 0.04 0 5.00% |
| Symbol | 1414 |
1414 Degrees '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 1414 Degrees' 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 1414 Degrees.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in 1414 Degrees on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding 1414 Degrees or generate 0.0% return on investment in 1414 Degrees over 30 days. 1414 Degrees is related to or competes with Dug Technology, Computershare, Aurelia Metals, Mayfield Childcare, and Ora Banda. 1414 Degrees is entity of Australia. It is traded as Stock on AU exchange. More
1414 Degrees 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 1414 Degrees' 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 1414 Degrees upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 22.38 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 5.97 |
1414 Degrees Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1414 Degrees' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1414 Degrees' standard deviation. In reality, there are many statistical measures that can use 1414 Degrees historical prices to predict the future 1414 Degrees' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | (0.86) |
1414 Degrees Backtested Returns
1414 Degrees retains Efficiency (Sharpe Ratio) of -0.14, which signifies that the company had a -0.14% return per unit of price deviation over the last 3 months. 1414 Degrees exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 1414 Degrees' Market Risk Adjusted Performance of (0.85), variance of 14.83, and Information Ratio of (0.16) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 1414 Degrees' returns are expected to increase less than the market. However, during the bear market, the loss of holding 1414 Degrees is expected to be smaller as well. At this point, 1414 Degrees has a negative expected return of -0.53%. Please make sure to confirm 1414 Degrees' coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if 1414 Degrees performance from the past will be repeated sooner or later.
Auto-correlation | -0.15 |
Insignificant reverse predictability
1414 Degrees has insignificant reverse predictability. Overlapping area represents the amount of predictability between 1414 Degrees 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 1414 Degrees price movement. The serial correlation of -0.15 indicates that less than 15.0% of current 1414 Degrees price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
1414 Degrees lagged returns against current returns
Autocorrelation, which is 1414 Degrees 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 1414 Degrees' stock expected returns. We can calculate the autocorrelation of 1414 Degrees returns to help us make a trade decision. For example, suppose you find that 1414 Degrees 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 |
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1414 Degrees 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 1414 Degrees stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1414 Degrees stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1414 Degrees stock over time.
Current vs Lagged Prices |
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1414 Degrees Lagged Returns
When evaluating 1414 Degrees' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1414 Degrees stock have on its future price. 1414 Degrees 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, 1414 Degrees autocorrelation shows the relationship between 1414 Degrees stock current value and its past values and can show if there is a momentum factor associated with investing in 1414 Degrees.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for 1414 Stock Analysis
When running 1414 Degrees' price analysis, check to measure 1414 Degrees' 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 1414 Degrees is operating at the current time. Most of 1414 Degrees' value examination focuses on studying past and present price action to predict the probability of 1414 Degrees' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 1414 Degrees' price. Additionally, you may evaluate how the addition of 1414 Degrees to your portfolios can decrease your overall portfolio volatility.