Nasdaq Test Stock Stock Market Value
| ZXZZT Stock | USD 8.05 0.05 0.62% |
| Symbol | NASDAQ |
Is Other space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NASDAQ TEST. If investors know NASDAQ will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NASDAQ TEST listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NASDAQ TEST STOCK is measured differently than its book value, which is the value of NASDAQ that is recorded on the company's balance sheet. Investors also form their own opinion of NASDAQ TEST's value that differs from its market value or its book value, called intrinsic value, which is NASDAQ TEST's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NASDAQ TEST's market value can be influenced by many factors that don't directly affect NASDAQ TEST's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NASDAQ TEST's value and its price as these two are different measures arrived at by different means. Investors typically determine if NASDAQ TEST is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NASDAQ TEST'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.
NASDAQ TEST '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 NASDAQ TEST'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 NASDAQ TEST.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in NASDAQ TEST on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding NASDAQ TEST STOCK or generate 0.0% return on investment in NASDAQ TEST over 30 days. NASDAQ TEST is related to or competes with Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, 70082LAB3, Sitka Gold, and MSCI ACWI. NASDAQ TEST is entity of United States. It is traded as Stock on NASDAQ exchange. More
NASDAQ TEST 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 NASDAQ TEST'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 NASDAQ TEST STOCK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.92 | |||
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 151.99 | |||
| Value At Risk | (9.94) | |||
| Potential Upside | 12.34 |
NASDAQ TEST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NASDAQ TEST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NASDAQ TEST's standard deviation. In reality, there are many statistical measures that can use NASDAQ TEST historical prices to predict the future NASDAQ TEST's volatility.| Risk Adjusted Performance | 0.0399 | |||
| Jensen Alpha | 0.6997 | |||
| Total Risk Alpha | (2.00) | |||
| Sortino Ratio | 0.0317 | |||
| Treynor Ratio | (1.84) |
NASDAQ TEST STOCK Backtested Returns
NASDAQ TEST is very risky given 3 months investment horizon. NASDAQ TEST STOCK has Sharpe Ratio of 0.0729, which conveys that the company had a 0.0729% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.23% are justified by taking the suggested risk. Use NASDAQ TEST STOCK downside deviation of 16.92, and Mean Deviation of 5.61 to evaluate company specific risk that cannot be diversified away. NASDAQ TEST holds a performance score of 5 on a scale of zero to a hundred. The firm secures a Beta (Market Risk) of -0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NASDAQ TEST are expected to decrease at a much lower rate. During the bear market, NASDAQ TEST is likely to outperform the market. Use NASDAQ TEST STOCK value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to analyze future returns on NASDAQ TEST STOCK.
Auto-correlation | -0.39 |
Poor reverse predictability
NASDAQ TEST STOCK has poor reverse predictability. Overlapping area represents the amount of predictability between NASDAQ TEST time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 NASDAQ TEST STOCK price movement. The serial correlation of -0.39 indicates that just about 39.0% of current NASDAQ TEST price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NASDAQ TEST STOCK lagged returns against current returns
Autocorrelation, which is NASDAQ TEST 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 NASDAQ TEST's stock expected returns. We can calculate the autocorrelation of NASDAQ TEST returns to help us make a trade decision. For example, suppose you find that NASDAQ TEST 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 |
NASDAQ TEST 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 NASDAQ TEST stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NASDAQ TEST stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NASDAQ TEST stock over time.
Current vs Lagged Prices |
| Timeline |
NASDAQ TEST Lagged Returns
When evaluating NASDAQ TEST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NASDAQ TEST stock have on its future price. NASDAQ TEST 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, NASDAQ TEST autocorrelation shows the relationship between NASDAQ TEST stock current value and its past values and can show if there is a momentum factor associated with investing in NASDAQ TEST STOCK.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NASDAQ Stock Analysis
When running NASDAQ TEST's price analysis, check to measure NASDAQ TEST's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NASDAQ TEST is operating at the current time. Most of NASDAQ TEST's value examination focuses on studying past and present price action to predict the probability of NASDAQ TEST's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NASDAQ TEST's price. Additionally, you may evaluate how the addition of NASDAQ TEST to your portfolios can decrease your overall portfolio volatility.