Neurotech International (Australia) Market Value
| NTI Stock | 0.07 0 4.55% |
| Symbol | Neurotech |
Neurotech International '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 Neurotech International'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 Neurotech International.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Neurotech International on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Neurotech International or generate 0.0% return on investment in Neurotech International over 30 days. Neurotech International is related to or competes with FSA, Tamawood, Rea, CSL, Macquarie, Xero, and Pro Medicus. Neurotech International is entity of Australia More
Neurotech International 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 Neurotech International'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 Neurotech International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 25.52 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 8.2 |
Neurotech International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neurotech International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neurotech International's standard deviation. In reality, there are many statistical measures that can use Neurotech International historical prices to predict the future Neurotech International's volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | 0.0395 | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 0.0586 |
Neurotech International Backtested Returns
Neurotech International has Sharpe Ratio of -0.0132, which conveys that the firm had a -0.0132% return per unit of risk over the last 3 months. Neurotech International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Neurotech International's Standard Deviation of 4.05, mean deviation of 2.77, and Risk Adjusted Performance of 0.0027 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Neurotech International are expected to decrease at a much lower rate. During the bear market, Neurotech International is likely to outperform the market. At this point, Neurotech International has a negative expected return of -0.0521%. Please make sure to verify Neurotech International's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Neurotech International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Neurotech International has weak predictability. Overlapping area represents the amount of predictability between Neurotech International time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Neurotech International price movement. The serial correlation of 0.22 indicates that over 22.0% of current Neurotech International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Neurotech International lagged returns against current returns
Autocorrelation, which is Neurotech International 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 Neurotech International's stock expected returns. We can calculate the autocorrelation of Neurotech International returns to help us make a trade decision. For example, suppose you find that Neurotech International 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 |
Neurotech International 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 Neurotech International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neurotech International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neurotech International stock over time.
Current vs Lagged Prices |
| Timeline |
Neurotech International Lagged Returns
When evaluating Neurotech International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neurotech International stock have on its future price. Neurotech International 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, Neurotech International autocorrelation shows the relationship between Neurotech International stock current value and its past values and can show if there is a momentum factor associated with investing in Neurotech International.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Neurotech Stock Analysis
When running Neurotech International's price analysis, check to measure Neurotech International'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 Neurotech International is operating at the current time. Most of Neurotech International's value examination focuses on studying past and present price action to predict the probability of Neurotech International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neurotech International's price. Additionally, you may evaluate how the addition of Neurotech International to your portfolios can decrease your overall portfolio volatility.