NORTH MEDIA (Germany) Market Value
| 3S8 Stock | EUR 8.26 0.00 0.00% |
| Symbol | NORTH |
NORTH MEDIA '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 NORTH MEDIA'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 NORTH MEDIA.
| 10/28/2024 |
| 11/27/2024 |
NORTH MEDIA 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 NORTH MEDIA'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 NORTH MEDIA upside and downside potential and time the market with a certain degree of confidence.
NORTH MEDIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORTH MEDIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORTH MEDIA's standard deviation. In reality, there are many statistical measures that can use NORTH MEDIA historical prices to predict the future NORTH MEDIA's volatility.NORTH MEDIA Backtested Returns
We have found three technical indicators for NORTH MEDIA, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NORTH MEDIA are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
NORTH MEDIA has no correlation between past and present. Overlapping area represents the amount of predictability between NORTH MEDIA time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 NORTH MEDIA price movement. The serial correlation of 0.0 indicates that just 0.0% of current NORTH MEDIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NORTH MEDIA lagged returns against current returns
Autocorrelation, which is NORTH MEDIA 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 NORTH MEDIA's stock expected returns. We can calculate the autocorrelation of NORTH MEDIA returns to help us make a trade decision. For example, suppose you find that NORTH MEDIA 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 |
NORTH MEDIA 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 NORTH MEDIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORTH MEDIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORTH MEDIA stock over time.
Current vs Lagged Prices |
| Timeline |
NORTH MEDIA Lagged Returns
When evaluating NORTH MEDIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORTH MEDIA stock have on its future price. NORTH MEDIA 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, NORTH MEDIA autocorrelation shows the relationship between NORTH MEDIA stock current value and its past values and can show if there is a momentum factor associated with investing in NORTH MEDIA.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NORTH Stock
NORTH MEDIA financial ratios help investors to determine whether NORTH 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 NORTH with respect to the benefits of owning NORTH MEDIA security.