New Wave (Sweden) Market Value
| NEWA-B Stock | SEK 96.60 0.80 0.82% |
| Symbol | New |
New Wave '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 New Wave'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 New Wave.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in New Wave on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding New Wave Group or generate 0.0% return on investment in New Wave over 720 days. New Wave is related to or competes with Hexatronic Group, Inwido AB, Lindab International, Byggmax Group, and Bilia AB. New Wave Group AB designs, acquires, and develops brands and products in the corporate promo, sports, gifts, and home fu... More
New Wave 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 New Wave'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 New Wave Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.35 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 2.54 |
New Wave Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Wave's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Wave's standard deviation. In reality, there are many statistical measures that can use New Wave historical prices to predict the future New Wave's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.52) |
New Wave Group Backtested Returns
New Wave Group has Sharpe Ratio of -0.0899, which conveys that the firm had a -0.0899% return per unit of risk over the last 3 months. New Wave exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Wave's Standard Deviation of 2.16, mean deviation of 1.55, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Wave's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Wave is expected to be smaller as well. At this point, New Wave Group has a negative expected return of -0.2%. Please make sure to verify New Wave's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if New Wave Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
New Wave Group has good reverse predictability. Overlapping area represents the amount of predictability between New Wave time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 New Wave Group price movement. The serial correlation of -0.55 indicates that about 55.0% of current New Wave price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 88.82 |
New Wave Group lagged returns against current returns
Autocorrelation, which is New Wave 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 New Wave's stock expected returns. We can calculate the autocorrelation of New Wave returns to help us make a trade decision. For example, suppose you find that New Wave 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 |
New Wave 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 New Wave stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Wave stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Wave stock over time.
Current vs Lagged Prices |
| Timeline |
New Wave Lagged Returns
When evaluating New Wave's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Wave stock have on its future price. New Wave 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, New Wave autocorrelation shows the relationship between New Wave stock current value and its past values and can show if there is a momentum factor associated with investing in New Wave Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in New Stock
New Wave financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Wave security.