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 43.05 as of the 22nd of November 2024. This is a 2.99% up since the beginning of the trading day. The stock's lowest day price was 42.0. 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
10/23/2024
No Change 0.00
0.0
In 31 days
11/22/2024
0.00
If you would invest 0.00 in Natural Gas on October 23, 2024 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 30 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 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Natural Gas' technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please exercise Natural Gas' Risk Adjusted Performance of 0.1351, mean deviation of 3.28, and Downside Deviation of 3.92 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 13. The company secures a Beta (Market Risk) of 1.54, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Natural Gas will likely underperform. Please check Natural Gas' treynor ratio, value at risk, and 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
-0.43
Modest reverse predictability
Natural Gas Mining has modest reverse predictability. Overlapping area represents the amount of predictability between Natural Gas time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 -0.43 indicates that just about 43.0% of current Natural Gas price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.43
Spearman Rank Test
-0.47
Residual Average
0.0
Price Variance
0.74
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.