News (Germany) Market Value
| NC0 Stock | EUR 27.80 0.40 1.42% |
| Symbol | News |
News '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 News' 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 News.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in News on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding News Corporation or generate 0.0% return on investment in News over 360 days. News is related to or competes with DFS Furniture, Neinor Homes, InPlay Oil, Universal Display, Beazer Homes, Corporate Office, and Playtech Plc. News Corporation, a media and information services company, creates and distributes content for consumers and businesses... More
News 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 News' 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 News Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 2.24 |
News Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for News' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as News' standard deviation. In reality, there are many statistical measures that can use News historical prices to predict the future News' volatility.| Risk Adjusted Performance | 0.1001 | |||
| Jensen Alpha | 0.1522 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0332 | |||
| Treynor Ratio | 1.16 |
News Backtested Returns
At this point, News is very steady. News has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for News, which you can use to evaluate the volatility of the firm. Please verify News' Mean Deviation of 1.04, downside deviation of 1.49, and Risk Adjusted Performance of 0.1001 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. News has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, News' returns are expected to increase less than the market. However, during the bear market, the loss of holding News is expected to be smaller as well. News right now secures a risk of 1.44%. Please verify News Corporation value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if News Corporation will be following its current price movements.
Auto-correlation | -0.03 |
Very weak reverse predictability
News Corporation has very weak reverse predictability. Overlapping area represents the amount of predictability between News time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 News price movement. The serial correlation of -0.03 indicates that only 3.0% of current News price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
News lagged returns against current returns
Autocorrelation, which is News 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 News' stock expected returns. We can calculate the autocorrelation of News returns to help us make a trade decision. For example, suppose you find that News 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 |
News 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 News stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if News stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in News stock over time.
Current vs Lagged Prices |
| Timeline |
News Lagged Returns
When evaluating News' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of News stock have on its future price. News 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, News autocorrelation shows the relationship between News stock current value and its past values and can show if there is a momentum factor associated with investing in News Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in News Stock
News financial ratios help investors to determine whether News 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 News with respect to the benefits of owning News security.