Nueva Expresin (Spain) Market Value
NXT Stock | 0.34 0.01 2.86% |
Symbol | Nueva |
Nueva Expresin '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 Nueva Expresin'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 Nueva Expresin.
04/05/2024 |
| 05/05/2024 |
Nueva Expresin 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 Nueva Expresin'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 Nueva Expresin Textil upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 3.72 | |||
Information Ratio | (0) | |||
Maximum Drawdown | 22.8 | |||
Value At Risk | (5.41) | |||
Potential Upside | 6.9 |
Nueva Expresin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nueva Expresin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nueva Expresin's standard deviation. In reality, there are many statistical measures that can use Nueva Expresin historical prices to predict the future Nueva Expresin's volatility.Risk Adjusted Performance | 0.0204 | |||
Jensen Alpha | 0.1358 | |||
Total Risk Alpha | (0.37) | |||
Sortino Ratio | (0) | |||
Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nueva Expresin's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nueva Expresin Textil Backtested Returns
We consider Nueva Expresin out of control. Nueva Expresin Textil has Sharpe Ratio of 0.031, which conveys that the firm had a 0.031% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nueva Expresin, which you can use to evaluate the volatility of the firm. Please verify Nueva Expresin's Downside Deviation of 3.72, risk adjusted performance of 0.0204, and Mean Deviation of 2.74 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Nueva Expresin has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -1.02, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Nueva Expresin are expected to decrease slowly. On the other hand, during market turmoil, Nueva Expresin is expected to outperform it slightly. Nueva Expresin Textil right now secures a risk of 4.05%. Please verify Nueva Expresin Textil value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to decide if Nueva Expresin Textil will be following its current price movements.
Auto-correlation | 0.09 |
Virtually no predictability
Nueva Expresin Textil has virtually no predictability. Overlapping area represents the amount of predictability between Nueva Expresin time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Nueva Expresin Textil price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Nueva Expresin price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.09 | |
Spearman Rank Test | 0.37 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Nueva Expresin Textil lagged returns against current returns
Autocorrelation, which is Nueva Expresin 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 Nueva Expresin's stock expected returns. We can calculate the autocorrelation of Nueva Expresin returns to help us make a trade decision. For example, suppose you find that Nueva Expresin 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 |
Nueva Expresin 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 Nueva Expresin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nueva Expresin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nueva Expresin stock over time.
Current vs Lagged Prices |
Timeline |
Nueva Expresin Lagged Returns
When evaluating Nueva Expresin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nueva Expresin stock have on its future price. Nueva Expresin 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, Nueva Expresin autocorrelation shows the relationship between Nueva Expresin stock current value and its past values and can show if there is a momentum factor associated with investing in Nueva Expresin Textil.
Regressed Prices |
Timeline |
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When running Nueva Expresin's price analysis, check to measure Nueva Expresin'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 Nueva Expresin is operating at the current time. Most of Nueva Expresin's value examination focuses on studying past and present price action to predict the probability of Nueva Expresin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nueva Expresin's price. Additionally, you may evaluate how the addition of Nueva Expresin to your portfolios can decrease your overall portfolio volatility.
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Nueva Expresin technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.