Netmedia Group (France) Market Value
| ALNMG Stock | 1.82 0.02 1.11% |
| Symbol | Netmedia |
Netmedia Group '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 Netmedia Group'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 Netmedia Group.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Netmedia Group on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Netmedia Group SA or generate 0.0% return on investment in Netmedia Group over 30 days.
Netmedia Group 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 Netmedia Group'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 Netmedia Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 22.86 | |||
| Value At Risk | (8.11) | |||
| Potential Upside | 5.49 |
Netmedia Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Netmedia Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Netmedia Group's standard deviation. In reality, there are many statistical measures that can use Netmedia Group historical prices to predict the future Netmedia Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (0.91) |
Netmedia Group SA Backtested Returns
Netmedia Group SA has Sharpe Ratio of -0.0153, which conveys that the firm had a -0.0153% return per unit of risk over the last 3 months. Netmedia Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Netmedia Group's Mean Deviation of 2.67, standard deviation of 4.13, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Netmedia Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Netmedia Group is expected to be smaller as well. At this point, Netmedia Group SA has a negative expected return of -0.0587%. Please make sure to verify Netmedia Group's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Netmedia Group SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Netmedia Group SA has very good predictability. Overlapping area represents the amount of predictability between Netmedia Group time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Netmedia Group SA price movement. The serial correlation of 0.81 indicates that around 81.0% of current Netmedia Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Netmedia Group SA lagged returns against current returns
Autocorrelation, which is Netmedia Group 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 Netmedia Group's stock expected returns. We can calculate the autocorrelation of Netmedia Group returns to help us make a trade decision. For example, suppose you find that Netmedia Group 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 |
Netmedia Group 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 Netmedia Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Netmedia Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Netmedia Group stock over time.
Current vs Lagged Prices |
| Timeline |
Netmedia Group Lagged Returns
When evaluating Netmedia Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Netmedia Group stock have on its future price. Netmedia Group 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, Netmedia Group autocorrelation shows the relationship between Netmedia Group stock current value and its past values and can show if there is a momentum factor associated with investing in Netmedia Group SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Netmedia Stock Analysis
When running Netmedia Group's price analysis, check to measure Netmedia Group'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 Netmedia Group is operating at the current time. Most of Netmedia Group's value examination focuses on studying past and present price action to predict the probability of Netmedia Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Netmedia Group's price. Additionally, you may evaluate how the addition of Netmedia Group to your portfolios can decrease your overall portfolio volatility.