N2ET34's market value is the price at which a share of N2ET34 trades on a public exchange. It measures the collective expectations of N2ET34 investors about its performance. N2ET34 is trading at 39.96 as of the 18th of December 2024, a 4.72% up since the beginning of the trading day. The stock's open price was 38.16. With this module, you can estimate the performance of a buy and hold strategy of N2ET34 and determine expected loss or profit from investing in N2ET34 over a given investment horizon. Check out Correlation Analysis 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 nation.
Symbol
N2ET34
N2ET34 '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 N2ET34'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 N2ET34.
0.00
05/28/2023
No Change 0.00
0.0
In 1 year 6 months and 25 days
12/18/2024
0.00
If you would invest 0.00 in N2ET34 on May 28, 2023 and sell it all today you would earn a total of 0.00 from holding N2ET34 or generate 0.0% return on investment in N2ET34 over 570 days.
N2ET34 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 N2ET34'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 N2ET34 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 N2ET34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as N2ET34's standard deviation. In reality, there are many statistical measures that can use N2ET34 historical prices to predict the future N2ET34's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as N2ET34. Your research has to be compared to or analyzed against N2ET34's peers to derive any actionable benefits. When done correctly, N2ET34's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in N2ET34.
N2ET34 Backtested Returns
N2ET34 appears to be very steady, given 3 months investment horizon. N2ET34 has Sharpe Ratio of 0.23, which conveys that the company had a 0.23% return per unit of risk over the last 3 months. By analyzing N2ET34's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please exercise N2ET34's Semi Deviation of 1.49, mean deviation of 2.36, and Downside Deviation of 2.7 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, N2ET34 holds a performance score of 18. The firm secures a Beta (Market Risk) of -0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning N2ET34 are expected to decrease at a much lower rate. During the bear market, N2ET34 is likely to outperform the market. Please check N2ET34's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether N2ET34's current price movements will revert.
Auto-correlation
0.76
Good predictability
N2ET34 has good predictability. Overlapping area represents the amount of predictability between N2ET34 time series from 28th of May 2023 to 8th of March 2024 and 8th of March 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 N2ET34 price movement. The serial correlation of 0.76 indicates that around 76.0% of current N2ET34 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.76
Spearman Rank Test
0.24
Residual Average
0.0
Price Variance
14.04
N2ET34 lagged returns against current returns
Autocorrelation, which is N2ET34 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 N2ET34's stock expected returns. We can calculate the autocorrelation of N2ET34 returns to help us make a trade decision. For example, suppose you find that N2ET34 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
N2ET34 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 N2ET34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if N2ET34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in N2ET34 stock over time.
Current vs Lagged Prices
Timeline
N2ET34 Lagged Returns
When evaluating N2ET34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of N2ET34 stock have on its future price. N2ET34 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, N2ET34 autocorrelation shows the relationship between N2ET34 stock current value and its past values and can show if there is a momentum factor associated with investing in N2ET34.
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.