N1RG34 (Brazil) Market Value
| N1RG34 Stock | BRL 576.27 2.63 0.45% |
| Symbol | N1RG34 |
N1RG34 '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 N1RG34'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 N1RG34.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in N1RG34 on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding N1RG34 or generate 0.0% return on investment in N1RG34 over 720 days. N1RG34 is related to or competes with Technos SA, Southwest Airlines, Monster Beverage, Palantir Technologies, Tyson Foods, United Airlines, and Verizon Communications. NRG Energy, Inc., together with its subsidiaries, operates as an integrated power company in the United States More
N1RG34 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 N1RG34'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 N1RG34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.1455 | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 4.02 |
N1RG34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for N1RG34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as N1RG34's standard deviation. In reality, there are many statistical measures that can use N1RG34 historical prices to predict the future N1RG34's volatility.| Risk Adjusted Performance | 0.1322 | |||
| Jensen Alpha | 0.4537 | |||
| Total Risk Alpha | 0.2219 | |||
| Sortino Ratio | 0.1356 | |||
| Treynor Ratio | (0.73) |
N1RG34 Backtested Returns
N1RG34 appears to be very steady, given 3 months investment horizon. N1RG34 has Sharpe Ratio of 0.17, which conveys that the company had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for N1RG34, which you can use to evaluate the volatility of the entity. Please exercise N1RG34's mean deviation of 1.7, and Downside Deviation of 2.67 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, N1RG34 holds a performance score of 13. The firm secures a Beta (Market Risk) of -0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning N1RG34 are expected to decrease at a much lower rate. During the bear market, N1RG34 is likely to outperform the market. Please check N1RG34's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether N1RG34's current price movements will revert.
Auto-correlation | 0.79 |
Good predictability
N1RG34 has good predictability. Overlapping area represents the amount of predictability between N1RG34 time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 N1RG34 price movement. The serial correlation of 0.79 indicates that around 79.0% of current N1RG34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 9880.46 |
N1RG34 lagged returns against current returns
Autocorrelation, which is N1RG34 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 N1RG34's stock expected returns. We can calculate the autocorrelation of N1RG34 returns to help us make a trade decision. For example, suppose you find that N1RG34 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 |
N1RG34 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 N1RG34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if N1RG34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in N1RG34 stock over time.
Current vs Lagged Prices |
| Timeline |
N1RG34 Lagged Returns
When evaluating N1RG34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of N1RG34 stock have on its future price. N1RG34 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, N1RG34 autocorrelation shows the relationship between N1RG34 stock current value and its past values and can show if there is a momentum factor associated with investing in N1RG34.
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 N1RG34 Stock
N1RG34 financial ratios help investors to determine whether N1RG34 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 N1RG34 with respect to the benefits of owning N1RG34 security.