Newtek Business (Germany) Market Value
| 1N31 Stock | EUR 12.09 0.01 0.08% |
| Symbol | Newtek |
Newtek Business '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 Newtek Business' 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 Newtek Business.
| 12/14/2024 |
| 01/13/2025 |
If you would invest 0.00 in Newtek Business on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Newtek Business Services or generate 0.0% return on investment in Newtek Business over 30 days. Newtek Business is related to or competes with ITALIAN WINE, CVW CLEANTECH, ULTRA CLEAN, CARSALESCOM, Ultra Clean, and Major Drilling. Newtek Business Services Corp. is a business development company specializing in providing financial and business servic... More
Newtek Business 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 Newtek Business' 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 Newtek Business Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.0368 | |||
| Maximum Drawdown | 19.5 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 3.57 |
Newtek Business Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newtek Business' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newtek Business' standard deviation. In reality, there are many statistical measures that can use Newtek Business historical prices to predict the future Newtek Business' volatility.| Risk Adjusted Performance | 0.0369 | |||
| Jensen Alpha | 0.0948 | |||
| Total Risk Alpha | 0.1384 | |||
| Sortino Ratio | 0.0622 | |||
| Treynor Ratio | (0.80) |
Newtek Business Services Backtested Returns
At this point, Newtek Business is not too volatile. Newtek Business Services has Sharpe Ratio of 0.0362, which conveys that the firm had a 0.0362% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Newtek Business, which you can use to evaluate the volatility of the firm. Please verify Newtek Business' Risk Adjusted Performance of 0.0369, mean deviation of 1.72, and Downside Deviation of 1.74 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Newtek Business has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Newtek Business are expected to decrease at a much lower rate. During the bear market, Newtek Business is likely to outperform the market. Newtek Business Services right now secures a risk of 2.94%. Please verify Newtek Business Services sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Newtek Business Services will be following its current price movements.
Auto-correlation | -0.34 |
Poor reverse predictability
Newtek Business Services has poor reverse predictability. Overlapping area represents the amount of predictability between Newtek Business time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Newtek Business Services price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Newtek Business price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Newtek Business Services lagged returns against current returns
Autocorrelation, which is Newtek Business 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 Newtek Business' stock expected returns. We can calculate the autocorrelation of Newtek Business returns to help us make a trade decision. For example, suppose you find that Newtek Business 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 |
Newtek Business 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 Newtek Business stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newtek Business stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newtek Business stock over time.
Current vs Lagged Prices |
| Timeline |
Newtek Business Lagged Returns
When evaluating Newtek Business' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newtek Business stock have on its future price. Newtek Business 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, Newtek Business autocorrelation shows the relationship between Newtek Business stock current value and its past values and can show if there is a momentum factor associated with investing in Newtek Business Services.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Newtek Stock
When determining whether Newtek Business Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Newtek Business' 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 Newtek Business Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Newtek Business Services Stock:Check out Newtek Business Correlation, Newtek Business Volatility and Newtek Business Alpha and Beta module to complement your research on Newtek Business. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Newtek Business 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.