Netease Stock Market Value
| NETTF Stock | USD 20.22 2.10 11.59% |
| Symbol | NetEase |
NetEase '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 NetEase's pink sheet 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 NetEase.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in NetEase on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding NetEase or generate 0.0% return on investment in NetEase over 30 days. NetEase is related to or competes with Bilibili, Electronic Arts, Take Two, SohuCom, NetEase, Roblox Corp, and Skillz Platform. NetEase, Inc. provides online services focusing on diverse content, community, communication, and commerce in the People... More
NetEase 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 NetEase's pink sheet 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 NetEase upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.12 | |||
| Information Ratio | 0.0703 | |||
| Maximum Drawdown | 35.25 | |||
| Value At Risk | (9.49) | |||
| Potential Upside | 12.04 |
NetEase Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NetEase's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NetEase's standard deviation. In reality, there are many statistical measures that can use NetEase historical prices to predict the future NetEase's volatility.| Risk Adjusted Performance | 0.067 | |||
| Jensen Alpha | 0.4546 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.068 | |||
| Treynor Ratio | 0.3587 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NetEase'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.
NetEase Backtested Returns
NetEase appears to be somewhat reliable, given 3 months investment horizon. NetEase has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing NetEase's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please exercise NetEase's Risk Adjusted Performance of 0.067, mean deviation of 5.03, and Downside Deviation of 7.12 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NetEase holds a performance score of 8. The company secures a Beta (Market Risk) of 1.51, 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, NetEase will likely underperform. Please check NetEase's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether NetEase's current price movements will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
NetEase has very weak reverse predictability. Overlapping area represents the amount of predictability between NetEase 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 NetEase price movement. The serial correlation of -0.03 indicates that only 3.0% of current NetEase price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
NetEase lagged returns against current returns
Autocorrelation, which is NetEase pink sheet'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 NetEase's pink sheet expected returns. We can calculate the autocorrelation of NetEase returns to help us make a trade decision. For example, suppose you find that NetEase has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
NetEase 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 NetEase pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NetEase pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NetEase pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NetEase Lagged Returns
When evaluating NetEase's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NetEase pink sheet have on its future price. NetEase 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, NetEase autocorrelation shows the relationship between NetEase pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NetEase.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in NetEase Pink Sheet
When determining whether NetEase is a strong investment it is important to analyze NetEase'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 NetEase's future performance. For an informed investment choice regarding NetEase Pink Sheet, refer to the following important reports:Check out NetEase Correlation, NetEase Volatility and NetEase Alpha and Beta module to complement your research on NetEase. For more detail on how to invest in NetEase Pink Sheet please use our How to Invest in NetEase guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
NetEase technical pink sheet 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, pink sheet market cycles, or different charting patterns.