New Residential (Germany) Market Value
| 14N1 Stock | EUR 10.52 0.24 2.33% |
| Symbol | New |
New Residential '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 New Residential'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 New Residential.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in New Residential on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding New Residential Investment or generate 0.0% return on investment in New Residential over 90 days. New Residential is related to or competes with Richardson Electronics, ITALIAN WINE, Goodyear Tire, Vulcan Materials, Renesas Electronics, Samsung Electronics, and Martin Marietta. New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortg... More
New Residential 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 New Residential'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 New Residential Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.16 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.08 |
New Residential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Residential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Residential's standard deviation. In reality, there are many statistical measures that can use New Residential historical prices to predict the future New Residential's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0986 |
New Residential Inve Backtested Returns
At this point, New Residential is very steady. New Residential Inve has Sharpe Ratio of 0.0435, which conveys that the firm had a 0.0435% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New Residential, which you can use to evaluate the volatility of the firm. Please verify New Residential's Risk Adjusted Performance of 0.0564, mean deviation of 0.7825, and Downside Deviation of 1.21 to check out if the risk estimate we provide is consistent with the expected return of 0.0482%. New Residential has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Residential's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Residential is expected to be smaller as well. New Residential Inve right now secures a risk of 1.11%. Please verify New Residential Investment sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if New Residential Investment will be following its current price movements.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
New Residential Investment has almost perfect reverse predictability. Overlapping area represents the amount of predictability between New Residential time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 New Residential Inve price movement. The serial correlation of -0.75 indicates that around 75.0% of current New Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
New Residential Inve lagged returns against current returns
Autocorrelation, which is New Residential 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 New Residential's stock expected returns. We can calculate the autocorrelation of New Residential returns to help us make a trade decision. For example, suppose you find that New Residential 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 |
New Residential 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 New Residential stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Residential stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Residential stock over time.
Current vs Lagged Prices |
| Timeline |
New Residential Lagged Returns
When evaluating New Residential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Residential stock have on its future price. New Residential 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, New Residential autocorrelation shows the relationship between New Residential stock current value and its past values and can show if there is a momentum factor associated with investing in New Residential Investment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in New Stock
New Residential financial ratios help investors to determine whether New Stock 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 New with respect to the benefits of owning New Residential security.