N1WS34 (Brazil) Market Value
| N1WS34 Stock | BRL 148.95 0.00 0.00% |
| Symbol | N1WS34 |
N1WS34 '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 N1WS34'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 N1WS34.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in N1WS34 on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding N1WS34 or generate 0.0% return on investment in N1WS34 over 60 days. N1WS34 is related to or competes with Salesforce, Costco Wholesale, Hospital Mater, Monster Beverage, and Zoom Video. News Corporation, a media and information services company, focuses on creating and distributing content for consumers a... More
N1WS34 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 N1WS34'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 N1WS34 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.6 |
N1WS34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for N1WS34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as N1WS34's standard deviation. In reality, there are many statistical measures that can use N1WS34 historical prices to predict the future N1WS34's volatility.| Risk Adjusted Performance | 0.0624 | |||
| Jensen Alpha | 0.0376 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 4.19 |
N1WS34 Backtested Returns
At this point, N1WS34 is very steady. N1WS34 has Sharpe Ratio of 0.0912, which conveys that the company had a 0.0912% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for N1WS34, which you can use to evaluate the volatility of the entity. Please verify N1WS34's mean deviation of 0.1485, and Standard Deviation of 0.5276 to check out if the risk estimate we provide is consistent with the expected return of 0.0481%. N1WS34 has a performance score of 7 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.0091, which conveys not very significant fluctuations relative to the market. As returns on the market increase, N1WS34's returns are expected to increase less than the market. However, during the bear market, the loss of holding N1WS34 is expected to be smaller as well. N1WS34 at this time secures a risk of 0.53%. Please verify N1WS34 treynor ratio, rate of daily change, and the relationship between the variance and skewness , to decide if N1WS34 will be following its current price movements.
Auto-correlation | 0.00 |
No correlation between past and present
N1WS34 has no correlation between past and present. Overlapping area represents the amount of predictability between N1WS34 time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 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 N1WS34 price movement. The serial correlation of 0.0 indicates that just 0.0% of current N1WS34 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 |
N1WS34 lagged returns against current returns
Autocorrelation, which is N1WS34 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 N1WS34's stock expected returns. We can calculate the autocorrelation of N1WS34 returns to help us make a trade decision. For example, suppose you find that N1WS34 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 |
N1WS34 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 N1WS34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if N1WS34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in N1WS34 stock over time.
Current vs Lagged Prices |
| Timeline |
N1WS34 Lagged Returns
When evaluating N1WS34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of N1WS34 stock have on its future price. N1WS34 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, N1WS34 autocorrelation shows the relationship between N1WS34 stock current value and its past values and can show if there is a momentum factor associated with investing in N1WS34.
Regressed Prices |
| Timeline |
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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 N1WS34 Stock
N1WS34 financial ratios help investors to determine whether N1WS34 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 N1WS34 with respect to the benefits of owning N1WS34 security.