Net Power Stock Market Value
| NPWR Stock | 12.81 0.18 1.39% |
| Symbol | NET |
NET Power Price To Book Ratio
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NET Power. If investors know NET will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NET Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share 0.003 | Quarterly Revenue Growth 0.904 | Return On Assets (0.04) | Return On Equity (0.04) |
The market value of NET Power is measured differently than its book value, which is the value of NET that is recorded on the company's balance sheet. Investors also form their own opinion of NET Power's value that differs from its market value or its book value, called intrinsic value, which is NET Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NET Power's market value can be influenced by many factors that don't directly affect NET Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NET Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if NET Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NET Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NET Power '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 NET Power'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 NET Power.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in NET Power on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding NET Power or generate 0.0% return on investment in NET Power over 180 days. NET Power is related to or competes with Chemours, NH Foods, Harmony Gold, Avient Corp, Olympic Steel, and Marfrig Global. NET Power is entity of United States. It is traded as Stock on NYSE exchange. More
NET Power 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 NET Power'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 NET Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.1464 | |||
| Maximum Drawdown | 30.96 | |||
| Value At Risk | (5.65) | |||
| Potential Upside | 9.31 |
NET Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NET Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NET Power's standard deviation. In reality, there are many statistical measures that can use NET Power historical prices to predict the future NET Power's volatility.| Risk Adjusted Performance | 0.1414 | |||
| Jensen Alpha | 0.9034 | |||
| Total Risk Alpha | 0.0249 | |||
| Sortino Ratio | 0.2261 | |||
| Treynor Ratio | (2.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NET Power'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.
NET Power Backtested Returns
NET Power appears to be somewhat reliable, given 3 months investment horizon. NET Power has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of standard deviation over the last 3 months. By inspecting NET Power's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please exercise NET Power's Market Risk Adjusted Performance of (2.52), risk adjusted performance of 0.1414, and Mean Deviation of 3.46 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NET Power holds a performance score of 13. The company secures a Beta (Market Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NET Power are expected to decrease at a much lower rate. During the bear market, NET Power is likely to outperform the market. Please check NET Power's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether NET Power's current price movements will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
NET Power has excellent reverse predictability. Overlapping area represents the amount of predictability between NET Power time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 NET Power price movement. The serial correlation of -0.81 indicates that around 81.0% of current NET Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 4.69 |
NET Power lagged returns against current returns
Autocorrelation, which is NET Power 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 NET Power's stock expected returns. We can calculate the autocorrelation of NET Power returns to help us make a trade decision. For example, suppose you find that NET Power 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 |
NET Power 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 NET Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NET Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NET Power stock over time.
Current vs Lagged Prices |
| Timeline |
NET Power Lagged Returns
When evaluating NET Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NET Power stock have on its future price. NET Power 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, NET Power autocorrelation shows the relationship between NET Power stock current value and its past values and can show if there is a momentum factor associated with investing in NET Power.
Regressed Prices |
| Timeline |
Pair Trading with NET Power
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NET Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NET Power will appreciate offsetting losses from the drop in the long position's value.Moving together with NET Stock
Moving against NET Stock
| 0.92 | CYD | China Yuchai Interna | PairCorr |
| 0.78 | AOS | Smith AO | PairCorr |
| 0.46 | CVV | CVD Equipment | PairCorr |
| 0.45 | RR | Richtech Robotics Class | PairCorr |
The ability to find closely correlated positions to NET Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NET Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NET Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NET Power to buy it.
The correlation of NET Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NET Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NET Power moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NET Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for NET Stock Analysis
When running NET Power's price analysis, check to measure NET Power's 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 NET Power is operating at the current time. Most of NET Power's value examination focuses on studying past and present price action to predict the probability of NET Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NET Power's price. Additionally, you may evaluate how the addition of NET Power to your portfolios can decrease your overall portfolio volatility.