Naturgy Energy Group Stock Market Value
| GASNY Stock | USD 4.66 0.02 0.43% |
| Symbol | Naturgy |
Naturgy Energy '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 Naturgy Energy's pink sheet 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 Naturgy Energy.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Naturgy Energy on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Naturgy Energy Group or generate 0.0% return on investment in Naturgy Energy over 30 days. Naturgy Energy is related to or competes with Hong Kong, NewJersey Resources, Atmos Energy, Brookfield Infrastructure, and New Fortress. Naturgy Energy Group, S.A., together with its subsidiaries, engages in the supply, liquefaction, regasification, transpo... More
Naturgy Energy 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 Naturgy Energy's pink sheet 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 Naturgy Energy Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 1.95 |
Naturgy Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Naturgy Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Naturgy Energy's standard deviation. In reality, there are many statistical measures that can use Naturgy Energy historical prices to predict the future Naturgy Energy's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (1.02) |
Naturgy Energy Group Backtested Returns
Naturgy Energy Group has Sharpe Ratio of -0.0986, which conveys that the firm had a -0.0986% return per unit of risk over the last 3 months. Naturgy Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Naturgy Energy's Standard Deviation of 1.26, risk adjusted performance of (0.07), and Mean Deviation of 0.9711 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Naturgy Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Naturgy Energy is expected to be smaller as well. At this point, Naturgy Energy Group has a negative expected return of -0.12%. Please make sure to verify Naturgy Energy's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Naturgy Energy Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Naturgy Energy Group has modest reverse predictability. Overlapping area represents the amount of predictability between Naturgy Energy 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 Naturgy Energy Group price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Naturgy Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Naturgy Energy Group lagged returns against current returns
Autocorrelation, which is Naturgy Energy pink sheet'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 Naturgy Energy's pink sheet expected returns. We can calculate the autocorrelation of Naturgy Energy returns to help us make a trade decision. For example, suppose you find that Naturgy Energy has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Naturgy Energy 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 Naturgy Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Naturgy Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Naturgy Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Naturgy Energy Lagged Returns
When evaluating Naturgy Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Naturgy Energy pink sheet have on its future price. Naturgy Energy 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, Naturgy Energy autocorrelation shows the relationship between Naturgy Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Naturgy Energy Group.
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.Additional Tools for Naturgy Pink Sheet Analysis
When running Naturgy Energy's price analysis, check to measure Naturgy Energy's 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 Naturgy Energy is operating at the current time. Most of Naturgy Energy's value examination focuses on studying past and present price action to predict the probability of Naturgy Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Naturgy Energy's price. Additionally, you may evaluate how the addition of Naturgy Energy to your portfolios can decrease your overall portfolio volatility.