Neway Valve's market value is the price at which a share of Neway Valve trades on a public exchange. It measures the collective expectations of Neway Valve suzhou investors about its performance. Neway Valve is trading at 24.28 as of the 9th of January 2025, a 0.96 percent increase since the beginning of the trading day. The stock's open price was 24.05. With this module, you can estimate the performance of a buy and hold strategy of Neway Valve suzhou and determine expected loss or profit from investing in Neway Valve over a given investment horizon. Check out Neway Valve Correlation, Neway Valve Volatility and Neway Valve Alpha and Beta module to complement your research on Neway Valve.
Please note, there is a significant difference between Neway Valve's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neway Valve is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neway Valve'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.
Neway Valve '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 Neway Valve'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 Neway Valve.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Neway Valve'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 Neway Valve suzhou 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 Neway Valve's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neway Valve's standard deviation. In reality, there are many statistical measures that can use Neway Valve historical prices to predict the future Neway Valve's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Neway Valve. Your research has to be compared to or analyzed against Neway Valve's peers to derive any actionable benefits. When done correctly, Neway Valve's 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 Neway Valve suzhou.
Neway Valve suzhou Backtested Returns
Neway Valve appears to be not too volatile, given 3 months investment horizon. Neway Valve suzhou has Sharpe Ratio of 0.096, which conveys that the firm had a 0.096% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Neway Valve, which you can use to evaluate the volatility of the firm. Please exercise Neway Valve's Mean Deviation of 1.9, downside deviation of 2.17, and Risk Adjusted Performance of 0.0501 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Neway Valve holds a performance score of 7. The company secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Neway Valve's returns are expected to increase less than the market. However, during the bear market, the loss of holding Neway Valve is expected to be smaller as well. Please check Neway Valve's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Neway Valve's current price movements will revert.
Auto-correlation
0.71
Good predictability
Neway Valve suzhou has good predictability. Overlapping area represents the amount of predictability between Neway Valve time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 Neway Valve suzhou price movement. The serial correlation of 0.71 indicates that around 71.0% of current Neway Valve price fluctuation can be explain by its past prices.
Correlation Coefficient
0.71
Spearman Rank Test
-0.16
Residual Average
0.0
Price Variance
0.92
Neway Valve suzhou lagged returns against current returns
Autocorrelation, which is Neway Valve 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 Neway Valve's stock expected returns. We can calculate the autocorrelation of Neway Valve returns to help us make a trade decision. For example, suppose you find that Neway Valve 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
Neway Valve 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 Neway Valve stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neway Valve stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neway Valve stock over time.
Current vs Lagged Prices
Timeline
Neway Valve Lagged Returns
When evaluating Neway Valve's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neway Valve stock have on its future price. Neway Valve 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, Neway Valve autocorrelation shows the relationship between Neway Valve stock current value and its past values and can show if there is a momentum factor associated with investing in Neway Valve suzhou.
Neway Valve financial ratios help investors to determine whether Neway 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 Neway with respect to the benefits of owning Neway Valve security.