NEIMETH INTERNATIONAL (Nigeria) Market Value
| NEIMETH Stock | 2.05 0.14 7.33% |
| Symbol | NEIMETH |
NEIMETH INTERNATIONAL '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 NEIMETH INTERNATIONAL'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 NEIMETH INTERNATIONAL.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in NEIMETH INTERNATIONAL on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding NEIMETH INTERNATIONAL PHARMACEUTICAL or generate 0.0% return on investment in NEIMETH INTERNATIONAL over 30 days.
NEIMETH INTERNATIONAL 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 NEIMETH INTERNATIONAL'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 NEIMETH INTERNATIONAL PHARMACEUTICAL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.73 | |||
| Information Ratio | 0.0138 | |||
| Maximum Drawdown | 15.51 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.7 |
NEIMETH INTERNATIONAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEIMETH INTERNATIONAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEIMETH INTERNATIONAL's standard deviation. In reality, there are many statistical measures that can use NEIMETH INTERNATIONAL historical prices to predict the future NEIMETH INTERNATIONAL's volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | 0.1001 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0123 | |||
| Treynor Ratio | 1.78 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NEIMETH INTERNATIONAL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NEIMETH INTERNATIONAL Backtested Returns
NEIMETH INTERNATIONAL is very risky at the moment. NEIMETH INTERNATIONAL has Sharpe Ratio of 0.028, which conveys that the firm had a 0.028% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for NEIMETH INTERNATIONAL, which you can use to evaluate the volatility of the firm. Please verify NEIMETH INTERNATIONAL's risk adjusted performance of 0.0327, and Mean Deviation of 2.13 to check out if the risk estimate we provide is consistent with the expected return of 0.0916%. NEIMETH INTERNATIONAL has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0582, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NEIMETH INTERNATIONAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEIMETH INTERNATIONAL is expected to be smaller as well. NEIMETH INTERNATIONAL now secures a risk of 3.27%. Please verify NEIMETH INTERNATIONAL PHARMACEUTICAL total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to decide if NEIMETH INTERNATIONAL PHARMACEUTICAL will be following its current price movements.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
NEIMETH INTERNATIONAL PHARMACEUTICAL has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NEIMETH INTERNATIONAL time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 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 NEIMETH INTERNATIONAL price movement. The serial correlation of -0.8 indicates that around 80.0% of current NEIMETH INTERNATIONAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NEIMETH INTERNATIONAL lagged returns against current returns
Autocorrelation, which is NEIMETH INTERNATIONAL 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 NEIMETH INTERNATIONAL's stock expected returns. We can calculate the autocorrelation of NEIMETH INTERNATIONAL returns to help us make a trade decision. For example, suppose you find that NEIMETH INTERNATIONAL 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 |
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NEIMETH INTERNATIONAL 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 NEIMETH INTERNATIONAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEIMETH INTERNATIONAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEIMETH INTERNATIONAL stock over time.
Current vs Lagged Prices |
| Timeline |
NEIMETH INTERNATIONAL Lagged Returns
When evaluating NEIMETH INTERNATIONAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEIMETH INTERNATIONAL stock have on its future price. NEIMETH INTERNATIONAL 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, NEIMETH INTERNATIONAL autocorrelation shows the relationship between NEIMETH INTERNATIONAL stock current value and its past values and can show if there is a momentum factor associated with investing in NEIMETH INTERNATIONAL PHARMACEUTICAL.
Regressed Prices |
| Timeline |