Newegg Commerce Stock Market Value
| NEGG Stock | USD 0.61 0.02 3.39% |
| Symbol | Newegg |
Newegg Commerce Price To Book Ratio
Is Computer & Electronics Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Newegg Commerce. If investors know Newegg will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Newegg Commerce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Earnings Share (0.15) | Revenue Per Share 3.588 | Quarterly Revenue Growth (0.14) | Return On Assets (0.10) |
The market value of Newegg Commerce is measured differently than its book value, which is the value of Newegg that is recorded on the company's balance sheet. Investors also form their own opinion of Newegg Commerce's value that differs from its market value or its book value, called intrinsic value, which is Newegg Commerce's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Newegg Commerce's market value can be influenced by many factors that don't directly affect Newegg Commerce's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Newegg Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newegg Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newegg Commerce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Newegg Commerce '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 Newegg Commerce'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 Newegg Commerce.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Newegg Commerce on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Newegg Commerce or generate 0.0% return on investment in Newegg Commerce over 30 days. Newegg Commerce is related to or competes with Target, Lowes Companies, Walmart, Morningstar Unconstrained, Thrivent High, Via Renewables, and Sitka Gold. Newegg Commerce, Inc. operates as an electronics-focused e-retailer in North America More
Newegg Commerce 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 Newegg Commerce'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 Newegg Commerce upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 21.81 | |||
| Value At Risk | (6.10) | |||
| Potential Upside | 6.35 |
Newegg Commerce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newegg Commerce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newegg Commerce's standard deviation. In reality, there are many statistical measures that can use Newegg Commerce historical prices to predict the future Newegg Commerce's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | (0.36) |
Newegg Commerce Backtested Returns
Newegg Commerce has Sharpe Ratio of -0.077, which conveys that the firm had a -0.077% return per unit of risk over the last 3 months. Newegg Commerce exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newegg Commerce's Risk Adjusted Performance of (0.08), mean deviation of 2.97, and Standard Deviation of 3.86 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.31, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Newegg Commerce will likely underperform. At this point, Newegg Commerce has a negative expected return of -0.3%. Please make sure to verify Newegg Commerce's kurtosis, as well as the relationship between the rate of daily change and price action indicator , to decide if Newegg Commerce performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Newegg Commerce has very weak reverse predictability. Overlapping area represents the amount of predictability between Newegg Commerce time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Newegg Commerce price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Newegg Commerce price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Newegg Commerce lagged returns against current returns
Autocorrelation, which is Newegg Commerce 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 Newegg Commerce's stock expected returns. We can calculate the autocorrelation of Newegg Commerce returns to help us make a trade decision. For example, suppose you find that Newegg Commerce 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 |
Newegg Commerce 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 Newegg Commerce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newegg Commerce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newegg Commerce stock over time.
Current vs Lagged Prices |
| Timeline |
Newegg Commerce Lagged Returns
When evaluating Newegg Commerce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newegg Commerce stock have on its future price. Newegg Commerce 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, Newegg Commerce autocorrelation shows the relationship between Newegg Commerce stock current value and its past values and can show if there is a momentum factor associated with investing in Newegg Commerce.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Newegg Commerce is a strong investment it is important to analyze Newegg Commerce's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Newegg Commerce's future performance. For an informed investment choice regarding Newegg Stock, refer to the following important reports:Check out Newegg Commerce Correlation, Newegg Commerce Volatility and Newegg Commerce Alpha and Beta module to complement your research on Newegg Commerce. For more detail on how to invest in Newegg Stock please use our How to Invest in Newegg Commerce guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Newegg Commerce technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.