New Tech (Poland) Market Value
| NTC Stock | 0.81 0.01 1.25% |
| Symbol | New |
New Tech '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 New Tech'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 New Tech.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in New Tech on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding New Tech Capital or generate 0.0% return on investment in New Tech over 60 days. New Tech is related to or competes with Carlson Investments, Santander Bank, Alior Bank, UniCredit SpA, and X Trade. More
New Tech 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 New Tech'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 New Tech Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.83 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 48.91 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 14.65 |
New Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Tech's standard deviation. In reality, there are many statistical measures that can use New Tech historical prices to predict the future New Tech's volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | 0.0521 | |||
| Total Risk Alpha | (1.12) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3398 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Tech'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.
New Tech Capital Backtested Returns
New Tech Capital has Sharpe Ratio of -0.0323, which conveys that the firm had a -0.0323% return per unit of risk over the last 3 months. New Tech exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Tech's Mean Deviation of 4.77, downside deviation of 6.83, and Risk Adjusted Performance of 0.0182 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, New Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Tech is expected to be smaller as well. At this point, New Tech Capital has a negative expected return of -0.23%. Please make sure to verify New Tech's potential upside and the relationship between the skewness and price action indicator , to decide if New Tech Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
New Tech Capital has modest reverse predictability. Overlapping area represents the amount of predictability between New Tech time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 New Tech Capital price movement. The serial correlation of -0.42 indicates that just about 42.0% of current New Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
New Tech Capital lagged returns against current returns
Autocorrelation, which is New Tech 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 New Tech's stock expected returns. We can calculate the autocorrelation of New Tech returns to help us make a trade decision. For example, suppose you find that New Tech 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 |
New Tech 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 New Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Tech stock over time.
Current vs Lagged Prices |
| Timeline |
New Tech Lagged Returns
When evaluating New Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Tech stock have on its future price. New Tech 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, New Tech autocorrelation shows the relationship between New Tech stock current value and its past values and can show if there is a momentum factor associated with investing in New Tech Capital.
Regressed Prices |
| Timeline |
Pair Trading with New Tech
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 New Tech 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 New Tech will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
| 0.64 | JSW | Jastrzebska Spotka Earnings Call This Week | PairCorr |
| 0.58 | CEZ | CEZ as | PairCorr |
| 0.51 | XTB | X Trade Brokers | PairCorr |
| 0.47 | LPP | LPP SA | PairCorr |
| 0.43 | SAN | Banco Santander SA | PairCorr |
The ability to find closely correlated positions to New Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Tech 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 New Tech - 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 New Tech Capital to buy it.
The correlation of New Tech 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 New Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Tech Capital 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 New Tech 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 New Stock Analysis
When running New Tech's price analysis, check to measure New Tech'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 New Tech is operating at the current time. Most of New Tech's value examination focuses on studying past and present price action to predict the probability of New Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Tech's price. Additionally, you may evaluate how the addition of New Tech to your portfolios can decrease your overall portfolio volatility.