Nuenergy Gas (Australia) Market Value
| NGY Stock | 0.02 0.00 0.00% |
| Symbol | Nuenergy |
Nuenergy Gas '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 Nuenergy Gas' 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 Nuenergy Gas.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in Nuenergy Gas on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nuenergy Gas or generate 0.0% return on investment in Nuenergy Gas over 30 days. Nuenergy Gas is related to or competes with Event Hospitality, Regis Healthcare, IDP Education, Kip McGrath, and Austco Healthcare. More
Nuenergy Gas 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 Nuenergy Gas' 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 Nuenergy Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.31 | |||
| Information Ratio | 0.0439 | |||
| Maximum Drawdown | 24.31 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 |
Nuenergy Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuenergy Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuenergy Gas' standard deviation. In reality, there are many statistical measures that can use Nuenergy Gas historical prices to predict the future Nuenergy Gas' volatility.| Risk Adjusted Performance | 0.062 | |||
| Jensen Alpha | 0.299 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0249 | |||
| Treynor Ratio | (0.45) |
Nuenergy Gas Backtested Returns
Nuenergy Gas appears to be out of control, given 3 months investment horizon. Nuenergy Gas has Sharpe Ratio of 0.0644, which conveys that the firm had a 0.0644 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Nuenergy Gas, which you can use to evaluate the volatility of the firm. Please exercise Nuenergy Gas' Downside Deviation of 7.31, risk adjusted performance of 0.062, and Mean Deviation of 1.97 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nuenergy Gas holds a performance score of 5. The company secures a Beta (Market Risk) of -0.56, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nuenergy Gas are expected to decrease at a much lower rate. During the bear market, Nuenergy Gas is likely to outperform the market. Please check Nuenergy Gas' information ratio, total risk alpha, and the relationship between the variance and jensen alpha , to make a quick decision on whether Nuenergy Gas' current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Nuenergy Gas has no correlation between past and present. Overlapping area represents the amount of predictability between Nuenergy Gas time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nuenergy Gas price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nuenergy Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuenergy Gas lagged returns against current returns
Autocorrelation, which is Nuenergy Gas 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 Nuenergy Gas' stock expected returns. We can calculate the autocorrelation of Nuenergy Gas returns to help us make a trade decision. For example, suppose you find that Nuenergy Gas 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 |
Nuenergy Gas 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 Nuenergy Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuenergy Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuenergy Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Nuenergy Gas Lagged Returns
When evaluating Nuenergy Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuenergy Gas stock have on its future price. Nuenergy Gas 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, Nuenergy Gas autocorrelation shows the relationship between Nuenergy Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Nuenergy Gas.
Regressed Prices |
| Timeline |
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Additional Tools for Nuenergy Stock Analysis
When running Nuenergy Gas' price analysis, check to measure Nuenergy Gas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nuenergy Gas is operating at the current time. Most of Nuenergy Gas' value examination focuses on studying past and present price action to predict the probability of Nuenergy Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nuenergy Gas' price. Additionally, you may evaluate how the addition of Nuenergy Gas to your portfolios can decrease your overall portfolio volatility.