NGGLN 5783 16 SEP 52 Market Value
| 65364UAS5 | 94.01 5.24 5.28% |
| Symbol | NGGLN |
Please note, there is a significant difference between NGGLN's value and its price as these two are different measures arrived at by different means. Investors typically determine if NGGLN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NGGLN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NGGLN '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 NGGLN'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 NGGLN.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in NGGLN on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding NGGLN 5783 16 SEP 52 or generate 0.0% return on investment in NGGLN over 30 days. NGGLN is related to or competes with Freedom Bank, Univest Pennsylvania, NETGEAR, Chiba Bank, Western Union, Encore Capital, and AmTrust Financial. More
NGGLN 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 NGGLN'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 NGGLN 5783 16 SEP 52 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.62 |
NGGLN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NGGLN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NGGLN's standard deviation. In reality, there are many statistical measures that can use NGGLN historical prices to predict the future NGGLN's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.4078 |
NGGLN 5783 16 Backtested Returns
NGGLN 5783 16 has Sharpe Ratio of -0.28, which conveys that the entity had a -0.28% return per unit of risk over the last 3 months. NGGLN exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NGGLN's risk adjusted performance of (0.03), and Mean Deviation of 1.01 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NGGLN are expected to decrease at a much lower rate. During the bear market, NGGLN is likely to outperform the market.
Auto-correlation | 0.01 |
Virtually no predictability
NGGLN 5783 16 SEP 52 has virtually no predictability. Overlapping area represents the amount of predictability between NGGLN time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 NGGLN 5783 16 price movement. The serial correlation of 0.01 indicates that just 1.0% of current NGGLN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 5.16 |
NGGLN 5783 16 lagged returns against current returns
Autocorrelation, which is NGGLN 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 NGGLN's bond expected returns. We can calculate the autocorrelation of NGGLN returns to help us make a trade decision. For example, suppose you find that NGGLN 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 |
NGGLN 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 NGGLN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NGGLN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NGGLN bond over time.
Current vs Lagged Prices |
| Timeline |
NGGLN Lagged Returns
When evaluating NGGLN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NGGLN bond have on its future price. NGGLN 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, NGGLN autocorrelation shows the relationship between NGGLN bond current value and its past values and can show if there is a momentum factor associated with investing in NGGLN 5783 16 SEP 52.
Regressed Prices |
| Timeline |
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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 NGGLN Bond
NGGLN financial ratios help investors to determine whether NGGLN 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 NGGLN with respect to the benefits of owning NGGLN security.