Nzj Holdings Stock Market Value
| NZIH Stock | USD 0.0001 0.00 0.00% |
| Symbol | NZJ |
NZJ Holdings '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 NZJ Holdings' 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 NZJ Holdings.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in NZJ Holdings on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding NZJ Holdings or generate 0.0% return on investment in NZJ Holdings over 690 days. NZJ Holdings is related to or competes with Caldwell Partners, Kelly Services, Heidrick Struggles, Hudson Global, and Barrett Business. NZJ Holdings Inc., through its subsidiary SearchPath International, Inc., operates as a franchisor of talent acquisition... More
NZJ Holdings 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 NZJ Holdings' 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 NZJ Holdings upside and downside potential and time the market with a certain degree of confidence.
NZJ Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NZJ Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NZJ Holdings' standard deviation. In reality, there are many statistical measures that can use NZJ Holdings historical prices to predict the future NZJ Holdings' volatility.NZJ Holdings Backtested Returns
We have found three technical indicators for NZJ Holdings, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NZJ Holdings are completely uncorrelated.
Auto-correlation | -0.43 |
Modest reverse predictability
NZJ Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between NZJ Holdings time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 NZJ Holdings price movement. The serial correlation of -0.43 indicates that just about 43.0% of current NZJ Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NZJ Holdings lagged returns against current returns
Autocorrelation, which is NZJ Holdings 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 NZJ Holdings' pink sheet expected returns. We can calculate the autocorrelation of NZJ Holdings returns to help us make a trade decision. For example, suppose you find that NZJ Holdings 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 |
NZJ Holdings 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 NZJ Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NZJ Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NZJ Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NZJ Holdings Lagged Returns
When evaluating NZJ Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NZJ Holdings pink sheet have on its future price. NZJ Holdings 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, NZJ Holdings autocorrelation shows the relationship between NZJ Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NZJ Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NZJ Pink Sheet
NZJ Holdings financial ratios help investors to determine whether NZJ 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 NZJ with respect to the benefits of owning NZJ Holdings security.