Neutra Corp Stock Market Value
| NTRR Stock | USD 0.0001 0.00 0.00% |
| Symbol | Neutra |
Neutra Corp '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 Neutra Corp'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 Neutra Corp.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Neutra Corp on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Neutra Corp or generate 0.0% return on investment in Neutra Corp over 540 days. Neutra Corp is related to or competes with Rigel Pharmaceuticals, Geron, Verastem, Immutep, and Elevation Oncology. Neutra Corp. researches, develops, and provides hemp-based nutraceutical products More
Neutra Corp 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 Neutra Corp'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 Neutra Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0556 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) |
Neutra Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neutra Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neutra Corp's standard deviation. In reality, there are many statistical measures that can use Neutra Corp historical prices to predict the future Neutra Corp's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 2.22 | |||
| Total Risk Alpha | (2.63) | |||
| Treynor Ratio | (0.27) |
Neutra Corp Backtested Returns
Neutra Corp is out of control given 3 months investment horizon. Neutra Corp has Sharpe Ratio of 0.0626, which conveys that the firm had a 0.0626% return per unit of risk over the last 3 months. We were able to interpolate data for eighteen different technical indicators, which can help you to evaluate if expected returns of 1.59% are justified by taking the suggested risk. Use Neutra Corp Mean Deviation of 8.95, standard deviation of 24.76, and Risk Adjusted Performance of 0.0565 to evaluate company specific risk that cannot be diversified away. Neutra Corp holds a performance score of 4 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -5.62, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Neutra Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Neutra Corp is expected to outperform it. Use Neutra Corp market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and day median price , to analyze future returns on Neutra Corp.
Auto-correlation | 0.57 |
Modest predictability
Neutra Corp has modest predictability. Overlapping area represents the amount of predictability between Neutra Corp time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Neutra Corp price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Neutra Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Neutra Corp lagged returns against current returns
Autocorrelation, which is Neutra Corp 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 Neutra Corp's pink sheet expected returns. We can calculate the autocorrelation of Neutra Corp returns to help us make a trade decision. For example, suppose you find that Neutra Corp 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 |
Neutra Corp 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 Neutra Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neutra Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neutra Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Neutra Corp Lagged Returns
When evaluating Neutra Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neutra Corp pink sheet have on its future price. Neutra Corp 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, Neutra Corp autocorrelation shows the relationship between Neutra Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Neutra Corp.
Regressed Prices |
| Timeline |
Pair Trading with Neutra Corp
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 Neutra Corp 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 Neutra Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Neutra Pink Sheet
| 0.7 | BMA | Banco Macro SA | PairCorr |
| 0.64 | KAKZF | Kaspi Bank Joint | PairCorr |
| 0.51 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.47 | AMKBY | AP Moeller Maersk | PairCorr |
| 0.37 | KB | KB Financial Group | PairCorr |
The ability to find closely correlated positions to Neutra Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neutra Corp 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 Neutra Corp - 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 Neutra Corp to buy it.
The correlation of Neutra Corp 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 Neutra Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neutra Corp 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 Neutra Corp 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 Neutra Pink Sheet Analysis
When running Neutra Corp's price analysis, check to measure Neutra Corp'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 Neutra Corp is operating at the current time. Most of Neutra Corp's value examination focuses on studying past and present price action to predict the probability of Neutra Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neutra Corp's price. Additionally, you may evaluate how the addition of Neutra Corp to your portfolios can decrease your overall portfolio volatility.