Nstar Electric Stock Market Value
| NSARO Stock | USD 80.00 0.50 0.63% |
| Symbol | NSTAR |
NSTAR Electric '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 NSTAR Electric'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 NSTAR Electric.
| 02/08/2025 |
| 03/10/2025 |
If you would invest 0.00 in NSTAR Electric on February 8, 2025 and sell it all today you would earn a total of 0.00 from holding NSTAR Electric or generate 0.0% return on investment in NSTAR Electric over 30 days. NSTAR Electric is related to or competes with Bridgford Foods, Precision Drilling, Awilco Drilling, Major Drilling, Marfrig Global, and Lifeway Foods. NSTAR Electric Company, a regulated electric utility company, engages in the purchase, transmission, delivery, and sale ... More
NSTAR Electric 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 NSTAR Electric'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 NSTAR Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.1496 | |||
| Maximum Drawdown | 8.73 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.91 |
NSTAR Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NSTAR Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NSTAR Electric's standard deviation. In reality, there are many statistical measures that can use NSTAR Electric historical prices to predict the future NSTAR Electric's volatility.| Risk Adjusted Performance | 0.0786 | |||
| Jensen Alpha | 0.1251 | |||
| Total Risk Alpha | 0.218 | |||
| Sortino Ratio | 0.0763 | |||
| Treynor Ratio | 0.3679 |
NSTAR Electric Backtested Returns
NSTAR Electric has Sharpe Ratio of -0.0616, which conveys that the firm had a -0.0616 % return per unit of standard deviation over the last 3 months. NSTAR Electric exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NSTAR Electric's Risk Adjusted Performance of 0.0786, mean deviation of 0.6186, and Market Risk Adjusted Performance of 0.3779 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NSTAR Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding NSTAR Electric is expected to be smaller as well. At this point, NSTAR Electric has a negative expected return of -0.0673%. Please make sure to verify NSTAR Electric's potential upside, as well as the relationship between the kurtosis and price action indicator , to decide if NSTAR Electric performance from the past will be repeated at some future point.
Auto-correlation | -0.46 |
Modest reverse predictability
NSTAR Electric has modest reverse predictability. Overlapping area represents the amount of predictability between NSTAR Electric time series from 8th of February 2025 to 23rd of February 2025 and 23rd of February 2025 to 10th of March 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 NSTAR Electric price movement. The serial correlation of -0.46 indicates that about 46.0% of current NSTAR Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
NSTAR Electric lagged returns against current returns
Autocorrelation, which is NSTAR Electric 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 NSTAR Electric's pink sheet expected returns. We can calculate the autocorrelation of NSTAR Electric returns to help us make a trade decision. For example, suppose you find that NSTAR Electric 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 |
NSTAR Electric 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 NSTAR Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NSTAR Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NSTAR Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NSTAR Electric Lagged Returns
When evaluating NSTAR Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NSTAR Electric pink sheet have on its future price. NSTAR Electric 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, NSTAR Electric autocorrelation shows the relationship between NSTAR Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NSTAR Electric.
Regressed Prices |
| Timeline |
Pair Trading with NSTAR Electric
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 NSTAR Electric 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 NSTAR Electric will appreciate offsetting losses from the drop in the long position's value.Moving against NSTAR Pink Sheet
| 0.62 | D | Dominion Energy | PairCorr |
| 0.59 | NGG | National Grid PLC | PairCorr |
| 0.57 | NGGTF | National Grid plc | PairCorr |
| 0.48 | DUK | Duke Energy | PairCorr |
| 0.45 | SO | Southern | PairCorr |
The ability to find closely correlated positions to NSTAR Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NSTAR Electric 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 NSTAR Electric - 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 NSTAR Electric to buy it.
The correlation of NSTAR Electric 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 NSTAR Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NSTAR Electric 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 NSTAR Electric 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.Other Information on Investing in NSTAR Pink Sheet
NSTAR Electric financial ratios help investors to determine whether NSTAR 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 NSTAR with respect to the benefits of owning NSTAR Electric security.