NEOSPERIENCE SPA (Germany) Market Value
| Y8E Stock | 0.52 0.01 1.89% |
| Symbol | NEOSPERIENCE |
NEOSPERIENCE SPA '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 NEOSPERIENCE SPA'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 NEOSPERIENCE SPA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in NEOSPERIENCE SPA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding NEOSPERIENCE SPA or generate 0.0% return on investment in NEOSPERIENCE SPA over 30 days. NEOSPERIENCE SPA is related to or competes with National Beverage, THAI BEVERAGE, HOCHSCHILD MINING, INDOFOOD AGRI, GameStop Corp, PENN NATL, and TYSON FOODS. More
NEOSPERIENCE SPA 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 NEOSPERIENCE SPA'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 NEOSPERIENCE SPA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 19.33 | |||
| Value At Risk | (5.31) | |||
| Potential Upside | 2.99 |
NEOSPERIENCE SPA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEOSPERIENCE SPA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEOSPERIENCE SPA's standard deviation. In reality, there are many statistical measures that can use NEOSPERIENCE SPA historical prices to predict the future NEOSPERIENCE SPA's volatility.| Risk Adjusted Performance | (0.25) | |||
| Jensen Alpha | (1.21) | |||
| Total Risk Alpha | (1.67) | |||
| Treynor Ratio | (2.54) |
NEOSPERIENCE SPA Backtested Returns
NEOSPERIENCE SPA has Sharpe Ratio of -0.33, which conveys that the firm had a -0.33% return per unit of volatility over the last 3 months. NEOSPERIENCE SPA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEOSPERIENCE SPA's mean deviation of 2.38, and Risk Adjusted Performance of (0.25) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEOSPERIENCE SPA's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEOSPERIENCE SPA is expected to be smaller as well. At this point, NEOSPERIENCE SPA has a negative expected return of -1.14%. Please make sure to verify NEOSPERIENCE SPA's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if NEOSPERIENCE SPA performance from the past will be repeated at future time.
Auto-correlation | 0.67 |
Good predictability
NEOSPERIENCE SPA has good predictability. Overlapping area represents the amount of predictability between NEOSPERIENCE SPA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 NEOSPERIENCE SPA price movement. The serial correlation of 0.67 indicates that around 67.0% of current NEOSPERIENCE SPA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NEOSPERIENCE SPA lagged returns against current returns
Autocorrelation, which is NEOSPERIENCE SPA 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 NEOSPERIENCE SPA's stock expected returns. We can calculate the autocorrelation of NEOSPERIENCE SPA returns to help us make a trade decision. For example, suppose you find that NEOSPERIENCE SPA 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 |
NEOSPERIENCE SPA 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 NEOSPERIENCE SPA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEOSPERIENCE SPA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEOSPERIENCE SPA stock over time.
Current vs Lagged Prices |
| Timeline |
NEOSPERIENCE SPA Lagged Returns
When evaluating NEOSPERIENCE SPA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEOSPERIENCE SPA stock have on its future price. NEOSPERIENCE SPA 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, NEOSPERIENCE SPA autocorrelation shows the relationship between NEOSPERIENCE SPA stock current value and its past values and can show if there is a momentum factor associated with investing in NEOSPERIENCE SPA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NEOSPERIENCE Stock
NEOSPERIENCE SPA financial ratios help investors to determine whether NEOSPERIENCE 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 NEOSPERIENCE with respect to the benefits of owning NEOSPERIENCE SPA security.