NetSol Technologies (Germany) Market Value
| NS9B Stock | EUR 2.46 0.06 2.38% |
| Symbol | NetSol |
NetSol Technologies '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 NetSol Technologies' 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 NetSol Technologies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in NetSol Technologies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding NetSol Technologies or generate 0.0% return on investment in NetSol Technologies over 30 days. NetSol Technologies is related to or competes with Ross Stores, CHEMICAL INDUSTRIES, Mitsubishi Gas, Siamgas, SPARTAN STORES, PICKN PAY, and Mitsui Chemicals. NetSol Technologies, Inc. designs, develops, markets, and exports software products to the automobile financing and leas... More
NetSol Technologies 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 NetSol Technologies' 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 NetSol Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.0025 | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 3.7 |
NetSol Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NetSol Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NetSol Technologies' standard deviation. In reality, there are many statistical measures that can use NetSol Technologies historical prices to predict the future NetSol Technologies' volatility.| Risk Adjusted Performance | 0.0466 | |||
| Jensen Alpha | 0.1218 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0018 | |||
| Treynor Ratio | 4.45 |
NetSol Technologies Backtested Returns
At this point, NetSol Technologies is unstable. NetSol Technologies has Sharpe Ratio of 0.0634, which conveys that the firm had a 0.0634% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NetSol Technologies, which you can use to evaluate the volatility of the firm. Please verify NetSol Technologies' Mean Deviation of 2.02, downside deviation of 3.57, and Risk Adjusted Performance of 0.0466 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. NetSol Technologies has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0281, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NetSol Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding NetSol Technologies is expected to be smaller as well. NetSol Technologies right now secures a risk of 2.61%. Please verify NetSol Technologies maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if NetSol Technologies will be following its current price movements.
Auto-correlation | 0.69 |
Good predictability
NetSol Technologies has good predictability. Overlapping area represents the amount of predictability between NetSol Technologies time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 NetSol Technologies price movement. The serial correlation of 0.69 indicates that around 69.0% of current NetSol Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
NetSol Technologies lagged returns against current returns
Autocorrelation, which is NetSol Technologies 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 NetSol Technologies' stock expected returns. We can calculate the autocorrelation of NetSol Technologies returns to help us make a trade decision. For example, suppose you find that NetSol Technologies 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 |
NetSol Technologies 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 NetSol Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NetSol Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NetSol Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
NetSol Technologies Lagged Returns
When evaluating NetSol Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NetSol Technologies stock have on its future price. NetSol Technologies 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, NetSol Technologies autocorrelation shows the relationship between NetSol Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in NetSol Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in NetSol Stock
When determining whether NetSol Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetSol Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netsol Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Netsol Technologies Stock:Check out NetSol Technologies Correlation, NetSol Technologies Volatility and NetSol Technologies Alpha and Beta module to complement your research on NetSol Technologies. For more detail on how to invest in NetSol Stock please use our How to Invest in NetSol Technologies guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
NetSol Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.