Neptune Digital Assets Stock Market Value
| NPPTF Stock | USD 0.50 0.03 5.66% |
| Symbol | Neptune |
Neptune Digital '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 Neptune Digital'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 Neptune Digital.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Neptune Digital on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Neptune Digital Assets or generate 0.0% return on investment in Neptune Digital over 60 days. Neptune Digital is related to or competes with Morgan Stanley, Goldman Sachs, Charles Schwab, Interactive Brokers, Goldman Sachs, Morgan Stanley, and Goldman Sachs. Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada More
Neptune Digital 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 Neptune Digital'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 Neptune Digital Assets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.55 | |||
| Information Ratio | 0.1444 | |||
| Maximum Drawdown | 105.56 | |||
| Value At Risk | (10.34) | |||
| Potential Upside | 18.18 |
Neptune Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neptune Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neptune Digital's standard deviation. In reality, there are many statistical measures that can use Neptune Digital historical prices to predict the future Neptune Digital's volatility.| Risk Adjusted Performance | 0.1275 | |||
| Jensen Alpha | 1.9 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.2629 | |||
| Treynor Ratio | 1.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Neptune Digital'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.
Neptune Digital Assets Backtested Returns
Neptune Digital is out of control given 3 months investment horizon. Neptune Digital Assets has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.28% are justified by taking the suggested risk. Use Neptune Digital Assets Risk Adjusted Performance of 0.1275, mean deviation of 7.35, and Downside Deviation of 7.55 to evaluate company specific risk that cannot be diversified away. Neptune Digital holds a performance score of 12 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.71, 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, Neptune Digital will likely underperform. Use Neptune Digital Assets value at risk, as well as the relationship between the skewness and day median price , to analyze future returns on Neptune Digital Assets.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Neptune Digital Assets has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Neptune Digital time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Neptune Digital Assets price movement. The serial correlation of -0.76 indicates that around 76.0% of current Neptune Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Neptune Digital Assets lagged returns against current returns
Autocorrelation, which is Neptune Digital 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 Neptune Digital's pink sheet expected returns. We can calculate the autocorrelation of Neptune Digital returns to help us make a trade decision. For example, suppose you find that Neptune Digital 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 |
Neptune Digital 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 Neptune Digital pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neptune Digital pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neptune Digital pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Neptune Digital Lagged Returns
When evaluating Neptune Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neptune Digital pink sheet have on its future price. Neptune Digital 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, Neptune Digital autocorrelation shows the relationship between Neptune Digital pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Neptune Digital Assets.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Neptune Pink Sheet
Neptune Digital financial ratios help investors to determine whether Neptune Pink Sheet 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 Neptune with respect to the benefits of owning Neptune Digital security.