Newcapec Electronics' market value is the price at which a share of Newcapec Electronics trades on a public exchange. It measures the collective expectations of Newcapec Electronics Co investors about its performance. Newcapec Electronics is trading at 8.89 as of the 4th of January 2025, a 6.12 percent decrease since the beginning of the trading day. The stock's open price was 9.47. With this module, you can estimate the performance of a buy and hold strategy of Newcapec Electronics Co and determine expected loss or profit from investing in Newcapec Electronics over a given investment horizon. Check out Newcapec Electronics Correlation, Newcapec Electronics Volatility and Newcapec Electronics Alpha and Beta module to complement your research on Newcapec Electronics.
Please note, there is a significant difference between Newcapec Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Newcapec Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newcapec Electronics' 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.
Newcapec Electronics '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 Newcapec Electronics' 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 Newcapec Electronics.
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12/05/2024
No Change 0.00
0.0
In 31 days
01/04/2025
0.00
If you would invest 0.00 in Newcapec Electronics on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Newcapec Electronics Co or generate 0.0% return on investment in Newcapec Electronics over 30 days. Newcapec Electronics is related to or competes with Fujian Longzhou, Gansu Huangtai, Chengdu Xingrong, Hubeiyichang Transportation, Jiangsu Yueda, Shanghai Material, and Harbin Hatou. Newcapec Electronics is entity of China. It is traded as Stock on SHE exchange. More
Newcapec Electronics 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 Newcapec Electronics' 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 Newcapec Electronics Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newcapec Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newcapec Electronics' standard deviation. In reality, there are many statistical measures that can use Newcapec Electronics historical prices to predict the future Newcapec Electronics' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Newcapec Electronics. Your research has to be compared to or analyzed against Newcapec Electronics' peers to derive any actionable benefits. When done correctly, Newcapec Electronics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Newcapec Electronics.
Newcapec Electronics Backtested Returns
Newcapec Electronics has Sharpe Ratio of -0.0411, which conveys that the firm had a -0.0411% return per unit of risk over the last 3 months. Newcapec Electronics exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newcapec Electronics' Downside Deviation of 5.11, risk adjusted performance of 0.0729, and Mean Deviation of 3.87 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.49, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Newcapec Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Newcapec Electronics is expected to be smaller as well. At this point, Newcapec Electronics has a negative expected return of -0.2%. Please make sure to verify Newcapec Electronics' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Newcapec Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation
0.88
Very good predictability
Newcapec Electronics Co has very good predictability. Overlapping area represents the amount of predictability between Newcapec Electronics time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Newcapec Electronics price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Newcapec Electronics price fluctuation can be explain by its past prices.
Correlation Coefficient
0.88
Spearman Rank Test
0.72
Residual Average
0.0
Price Variance
0.35
Newcapec Electronics lagged returns against current returns
Autocorrelation, which is Newcapec Electronics 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 Newcapec Electronics' stock expected returns. We can calculate the autocorrelation of Newcapec Electronics returns to help us make a trade decision. For example, suppose you find that Newcapec Electronics 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
Newcapec Electronics 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 Newcapec Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newcapec Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newcapec Electronics stock over time.
Current vs Lagged Prices
Timeline
Newcapec Electronics Lagged Returns
When evaluating Newcapec Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newcapec Electronics stock have on its future price. Newcapec Electronics 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, Newcapec Electronics autocorrelation shows the relationship between Newcapec Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Newcapec Electronics Co.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Newcapec Electronics financial ratios help investors to determine whether Newcapec 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 Newcapec with respect to the benefits of owning Newcapec Electronics security.