Netwealth (Australia) Market Value
| NWL Stock | 30.46 0.42 1.40% |
| Symbol | Netwealth |
Netwealth '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 Netwealth'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 Netwealth.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Netwealth on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Netwealth Group or generate 0.0% return on investment in Netwealth over 30 days. Netwealth is related to or competes with Hudson Investment, BKI Investment, Premier Investments, British Amer, Sandon Capital, and Argo Investments. Netwealth is entity of Australia. It is traded as Stock on AU exchange. More
Netwealth 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 Netwealth'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 Netwealth Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.2105 | |||
| Maximum Drawdown | 7.28 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 3.04 |
Netwealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Netwealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Netwealth's standard deviation. In reality, there are many statistical measures that can use Netwealth historical prices to predict the future Netwealth's volatility.| Risk Adjusted Performance | 0.2279 | |||
| Jensen Alpha | 0.4295 | |||
| Total Risk Alpha | 0.209 | |||
| Sortino Ratio | 0.2094 | |||
| Treynor Ratio | 3.48 |
Netwealth Group Backtested Returns
Netwealth appears to be very steady, given 3 months investment horizon. Netwealth Group has Sharpe Ratio of 0.31, which conveys that the firm had a 0.31% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Netwealth, which you can use to evaluate the volatility of the firm. Please exercise Netwealth's Risk Adjusted Performance of 0.2279, downside deviation of 1.57, and Mean Deviation of 1.21 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Netwealth holds a performance score of 24. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Netwealth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Netwealth is expected to be smaller as well. Please check Netwealth's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Netwealth's current price movements will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Netwealth Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Netwealth time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Netwealth Group price movement. The serial correlation of -0.01 indicates that just 1.0% of current Netwealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Netwealth Group lagged returns against current returns
Autocorrelation, which is Netwealth 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 Netwealth's stock expected returns. We can calculate the autocorrelation of Netwealth returns to help us make a trade decision. For example, suppose you find that Netwealth 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 |
Netwealth 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 Netwealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Netwealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Netwealth stock over time.
Current vs Lagged Prices |
| Timeline |
Netwealth Lagged Returns
When evaluating Netwealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Netwealth stock have on its future price. Netwealth 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, Netwealth autocorrelation shows the relationship between Netwealth stock current value and its past values and can show if there is a momentum factor associated with investing in Netwealth Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Netwealth Stock Analysis
When running Netwealth's price analysis, check to measure Netwealth'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 Netwealth is operating at the current time. Most of Netwealth's value examination focuses on studying past and present price action to predict the probability of Netwealth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Netwealth's price. Additionally, you may evaluate how the addition of Netwealth to your portfolios can decrease your overall portfolio volatility.