Netflix (Germany) Market Value
| NFC Stock | EUR 787.50 6.40 0.81% |
| Symbol | Netflix |
Netflix '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 Netflix'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 Netflix.
| 10/16/2024 |
| 11/15/2024 |
If you would invest 0.00 in Netflix on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Netflix or generate 0.0% return on investment in Netflix over 30 days. Netflix is related to or competes with United Rentals, Air Transport, UNITED UTILITIES, Air Lease, and Sporttotal. It offers TV series, documentaries, and feature films across various genres and languages More
Netflix 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 Netflix'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 Netflix upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.1584 | |||
| Maximum Drawdown | 12.26 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.21 |
Netflix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Netflix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Netflix's standard deviation. In reality, there are many statistical measures that can use Netflix historical prices to predict the future Netflix's volatility.| Risk Adjusted Performance | 0.1836 | |||
| Jensen Alpha | 0.4658 | |||
| Total Risk Alpha | 0.1101 | |||
| Sortino Ratio | 0.1927 | |||
| Treynor Ratio | (1.29) |
Netflix Backtested Returns
Netflix appears to be very steady, given 3 months investment horizon. Netflix has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Netflix, which you can use to evaluate the volatility of the firm. Please exercise Netflix's Mean Deviation of 1.26, downside deviation of 1.53, and Risk Adjusted Performance of 0.1836 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Netflix holds a performance score of 16. The company secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Netflix are expected to decrease at a much lower rate. During the bear market, Netflix is likely to outperform the market. Please check Netflix's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Netflix's current price movements will revert.
Auto-correlation | 0.40 |
Average predictability
Netflix has average predictability. Overlapping area represents the amount of predictability between Netflix time series from 16th of October 2024 to 31st of October 2024 and 31st of October 2024 to 15th 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 Netflix price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Netflix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1356.05 |
Netflix lagged returns against current returns
Autocorrelation, which is Netflix 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 Netflix's stock expected returns. We can calculate the autocorrelation of Netflix returns to help us make a trade decision. For example, suppose you find that Netflix 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 |
Netflix 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 Netflix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Netflix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Netflix stock over time.
Current vs Lagged Prices |
| Timeline |
Netflix Lagged Returns
When evaluating Netflix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Netflix stock have on its future price. Netflix 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, Netflix autocorrelation shows the relationship between Netflix stock current value and its past values and can show if there is a momentum factor associated with investing in Netflix.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Netflix Stock
When determining whether Netflix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Netflix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Netflix Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Netflix Stock:Check out Netflix Correlation, Netflix Volatility and Netflix Alpha and Beta module to complement your research on Netflix. For more detail on how to invest in Netflix Stock please use our How to Invest in Netflix guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Netflix 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.