NEWFIELD EXPL 5375 Market Value
| 651290AR9 | 100.80 0.52 0.52% |
| Symbol | NEWFIELD |
NEWFIELD '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 NEWFIELD's bond 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 NEWFIELD.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in NEWFIELD on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding NEWFIELD EXPL 5375 or generate 0.0% return on investment in NEWFIELD over 180 days. NEWFIELD is related to or competes with Funko, Logan Ridge, Stepstone, Universal Display, Planet Fitness, Franklin Credit, and Canlan Ice. More
NEWFIELD 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 NEWFIELD's bond 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 NEWFIELD EXPL 5375 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3926 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.39 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.4873 |
NEWFIELD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEWFIELD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEWFIELD's standard deviation. In reality, there are many statistical measures that can use NEWFIELD historical prices to predict the future NEWFIELD's volatility.| Risk Adjusted Performance | 0.0026 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | (2.80) |
NEWFIELD EXPL 5375 Backtested Returns
At this point, NEWFIELD is very steady. NEWFIELD EXPL 5375 has Sharpe Ratio of 0.0369, which conveys that the entity had a 0.0369% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for NEWFIELD, which you can use to evaluate the volatility of the bond. Please verify NEWFIELD's Risk Adjusted Performance of 0.0026, market risk adjusted performance of (2.79), and Mean Deviation of 0.2413 to check out if the risk estimate we provide is consistent with the expected return of 0.0079%. The bond secures a Beta (Market Risk) of 0.0014, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NEWFIELD's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEWFIELD is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
NEWFIELD EXPL 5375 has very good reverse predictability. Overlapping area represents the amount of predictability between NEWFIELD time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 NEWFIELD EXPL 5375 price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current NEWFIELD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
NEWFIELD EXPL 5375 lagged returns against current returns
Autocorrelation, which is NEWFIELD bond'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 NEWFIELD's bond expected returns. We can calculate the autocorrelation of NEWFIELD returns to help us make a trade decision. For example, suppose you find that NEWFIELD has exhibited high autocorrelation historically, and you observe that the bond 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 |
NEWFIELD 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 NEWFIELD bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEWFIELD bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEWFIELD bond over time.
Current vs Lagged Prices |
| Timeline |
NEWFIELD Lagged Returns
When evaluating NEWFIELD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEWFIELD bond have on its future price. NEWFIELD 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, NEWFIELD autocorrelation shows the relationship between NEWFIELD bond current value and its past values and can show if there is a momentum factor associated with investing in NEWFIELD EXPL 5375.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NEWFIELD Bond
NEWFIELD financial ratios help investors to determine whether NEWFIELD Bond 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 NEWFIELD with respect to the benefits of owning NEWFIELD security.