Now Corp Stock Market Value
| NWPN Stock | USD 0.0001 0.00 0.00% |
| Symbol | Now |
Now 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 Now 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 Now Corp.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Now Corp on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Now Corp or generate 0.0% return on investment in Now Corp over 720 days. The NOW Corporation, a development stage company, operates as an energy development and production company More
Now 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 Now 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 Now Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1569 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Now Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Now Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Now Corp's standard deviation. In reality, there are many statistical measures that can use Now Corp historical prices to predict the future Now Corp's volatility.| Risk Adjusted Performance | 0.1331 | |||
| Jensen Alpha | 5.72 | |||
| Total Risk Alpha | 0.1012 | |||
| Treynor Ratio | (1.51) |
Now Corp Backtested Returns
Now Corp is out of control given 3 months investment horizon. Now Corp has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 33.08% are justified by taking the suggested risk. Use Now Corp Standard Deviation of 32.97, risk adjusted performance of 0.1331, and Mean Deviation of 17.22 to evaluate company specific risk that cannot be diversified away. Now Corp holds a performance score of 14 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -3.5, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Now Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Now Corp is expected to outperform it. Use Now Corp treynor ratio and rate of daily change , to analyze future returns on Now Corp.
Auto-correlation | 0.11 |
Insignificant predictability
Now Corp has insignificant predictability. Overlapping area represents the amount of predictability between Now Corp time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Now Corp price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Now Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Now Corp lagged returns against current returns
Autocorrelation, which is Now 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 Now Corp's pink sheet expected returns. We can calculate the autocorrelation of Now Corp returns to help us make a trade decision. For example, suppose you find that Now 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 |
Now 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 Now Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Now 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 Now Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Now Corp Lagged Returns
When evaluating Now Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Now Corp pink sheet have on its future price. Now 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, Now Corp autocorrelation shows the relationship between Now Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Now Corp.
Regressed Prices |
| Timeline |
Pair Trading with Now 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 Now 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 Now Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Now 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 Now 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 Now 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 Now Corp to buy it.
The correlation of Now 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 Now Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Now 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 Now 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.Other Information on Investing in Now Pink Sheet
Now Corp financial ratios help investors to determine whether Now Pink Sheet 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 Now with respect to the benefits of owning Now Corp security.