Natural Gas' market value is the price at which a share of Natural Gas trades on a public exchange. It measures the collective expectations of Natural Gas Mining investors about its performance. Natural Gas is trading at 42.25 as of the 26th of November 2024. This is a 1.86% down since the beginning of the trading day. The stock's lowest day price was 42.15. With this module, you can estimate the performance of a buy and hold strategy of Natural Gas Mining and determine expected loss or profit from investing in Natural Gas over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Natural
Natural Gas '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 Natural Gas' 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 Natural Gas.
0.00
12/07/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
11/26/2024
0.00
If you would invest 0.00 in Natural Gas on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Natural Gas Mining or generate 0.0% return on investment in Natural Gas over 720 days.
Natural Gas 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 Natural Gas' 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 Natural Gas Mining upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Natural Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Natural Gas' standard deviation. In reality, there are many statistical measures that can use Natural Gas historical prices to predict the future Natural Gas' volatility.
Natural Gas appears to be not too volatile, given 3 months investment horizon. Natural Gas Mining has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Natural Gas' technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please exercise Natural Gas' Downside Deviation of 3.92, risk adjusted performance of 0.1358, and Mean Deviation of 3.28 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Natural Gas holds a performance score of 12. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Natural Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Natural Gas is expected to be smaller as well. Please check Natural Gas' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Natural Gas' current price movements will revert.
Auto-correlation
0.48
Average predictability
Natural Gas Mining has average predictability. Overlapping area represents the amount of predictability between Natural Gas time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Natural Gas Mining price movement. The serial correlation of 0.48 indicates that about 48.0% of current Natural Gas price fluctuation can be explain by its past prices.
Correlation Coefficient
0.48
Spearman Rank Test
0.01
Residual Average
0.0
Price Variance
64.73
Natural Gas Mining lagged returns against current returns
Autocorrelation, which is Natural Gas 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 Natural Gas' stock expected returns. We can calculate the autocorrelation of Natural Gas returns to help us make a trade decision. For example, suppose you find that Natural Gas 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
Natural Gas 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 Natural Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Natural Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Natural Gas stock over time.
Current vs Lagged Prices
Timeline
Natural Gas Lagged Returns
When evaluating Natural Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Natural Gas stock have on its future price. Natural Gas 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, Natural Gas autocorrelation shows the relationship between Natural Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Natural Gas Mining.
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.