NewRiver REIT (UK) Market Value
| NRR Stock | 76.60 1.30 1.73% |
| Symbol | NewRiver |
NewRiver REIT '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 NewRiver REIT'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 NewRiver REIT.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in NewRiver REIT on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding NewRiver REIT plc or generate 0.0% return on investment in NewRiver REIT over 360 days. NewRiver REIT is related to or competes with Mercantile Investment, FC Investment, Games Workshop, Hochschild Mining, AcadeMedia, BW Offshore, and Intermediate Capital. NewRiver REIT is entity of United Kingdom More
NewRiver REIT 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 NewRiver REIT'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 NewRiver REIT plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.14 |
NewRiver REIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewRiver REIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NewRiver REIT's standard deviation. In reality, there are many statistical measures that can use NewRiver REIT historical prices to predict the future NewRiver REIT's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.42) |
NewRiver REIT plc Backtested Returns
NewRiver REIT plc has Sharpe Ratio of -0.0487, which conveys that the firm had a -0.0487% return per unit of risk over the last 3 months. NewRiver REIT exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NewRiver REIT's Mean Deviation of 0.8928, risk adjusted performance of (0.05), and Standard Deviation of 1.22 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NewRiver REIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding NewRiver REIT is expected to be smaller as well. At this point, NewRiver REIT plc has a negative expected return of -0.0595%. Please make sure to verify NewRiver REIT's rate of daily change, and the relationship between the kurtosis and market facilitation index , to decide if NewRiver REIT plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
NewRiver REIT plc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NewRiver REIT time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 NewRiver REIT plc price movement. The serial correlation of -0.77 indicates that around 77.0% of current NewRiver REIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 20.22 |
NewRiver REIT plc lagged returns against current returns
Autocorrelation, which is NewRiver REIT 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 NewRiver REIT's stock expected returns. We can calculate the autocorrelation of NewRiver REIT returns to help us make a trade decision. For example, suppose you find that NewRiver REIT 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 |
NewRiver REIT 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 NewRiver REIT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NewRiver REIT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NewRiver REIT stock over time.
Current vs Lagged Prices |
| Timeline |
NewRiver REIT Lagged Returns
When evaluating NewRiver REIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NewRiver REIT stock have on its future price. NewRiver REIT 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, NewRiver REIT autocorrelation shows the relationship between NewRiver REIT stock current value and its past values and can show if there is a momentum factor associated with investing in NewRiver REIT plc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NewRiver Stock
NewRiver REIT financial ratios help investors to determine whether NewRiver 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 NewRiver with respect to the benefits of owning NewRiver REIT security.