New Work (Germany) Market Value
| NWO Stock | EUR 67.50 0.30 0.45% |
| Symbol | New |
New Work '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 Work'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 Work.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in New Work on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding New Work SE or generate 0.0% return on investment in New Work over 30 days. New Work is related to or competes with Zijin Mining, China BlueChemical, SHIN ETSU, KINGBOARD CHEMICAL, Sanyo Chemical, Soken Chemical, and Eastman Chemical. More
New Work 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 Work'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 Work SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9201 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.55 |
New Work Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Work's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Work's standard deviation. In reality, there are many statistical measures that can use New Work historical prices to predict the future New Work's volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.01) |
New Work SE Backtested Returns
As of now, New Stock is very steady. New Work SE has Sharpe Ratio of 0.0502, which conveys that the firm had a 0.0502% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New Work, which you can use to evaluate the volatility of the firm. Please verify New Work's Downside Deviation of 0.9201, mean deviation of 0.5349, and Risk Adjusted Performance of 0.0097 to check out if the risk estimate we provide is consistent with the expected return of 0.0379%. New Work has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0525, which conveys not very significant fluctuations relative to the market. As returns on the market increase, New Work's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Work is expected to be smaller as well. New Work SE right now secures a risk of 0.76%. Please verify New Work SE semi variance, accumulation distribution, and the relationship between the potential upside and skewness , to decide if New Work SE will be following its current price movements.
Auto-correlation | 0.75 |
Good predictability
New Work SE has good predictability. Overlapping area represents the amount of predictability between New Work time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th of December 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 Work SE price movement. The serial correlation of 0.75 indicates that around 75.0% of current New Work price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
New Work SE lagged returns against current returns
Autocorrelation, which is New Work 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 Work's stock expected returns. We can calculate the autocorrelation of New Work returns to help us make a trade decision. For example, suppose you find that New Work 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 Work 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 Work stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Work stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Work stock over time.
Current vs Lagged Prices |
| Timeline |
New Work Lagged Returns
When evaluating New Work's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Work stock have on its future price. New Work 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 Work autocorrelation shows the relationship between New Work stock current value and its past values and can show if there is a momentum factor associated with investing in New Work SE.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in New Stock
New Work financial ratios help investors to determine whether New Stock 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 New with respect to the benefits of owning New Work security.