NEWFOUNDLAND DISCOVCORP (Germany) Market Value
| M4K Stock | 0.04 0.0005 1.37% |
| Symbol | NEWFOUNDLAND |
Please note, there is a significant difference between NEWFOUNDLAND DISCOVCORP's value and its price as these two are different measures arrived at by different means. Investors typically determine if NEWFOUNDLAND DISCOVCORP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NEWFOUNDLAND DISCOVCORP'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.
NEWFOUNDLAND DISCOVCORP '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 NEWFOUNDLAND DISCOVCORP'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 NEWFOUNDLAND DISCOVCORP.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in NEWFOUNDLAND DISCOVCORP on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding NEWFOUNDLAND DISCOVCORP or generate 0.0% return on investment in NEWFOUNDLAND DISCOVCORP over 720 days. NEWFOUNDLAND DISCOVCORP is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
NEWFOUNDLAND DISCOVCORP 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 NEWFOUNDLAND DISCOVCORP'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 NEWFOUNDLAND DISCOVCORP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.2 | |||
| Information Ratio | 0.2001 | |||
| Maximum Drawdown | 303.33 | |||
| Value At Risk | (64.71) | |||
| Potential Upside | 183.33 |
NEWFOUNDLAND DISCOVCORP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEWFOUNDLAND DISCOVCORP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEWFOUNDLAND DISCOVCORP's standard deviation. In reality, there are many statistical measures that can use NEWFOUNDLAND DISCOVCORP historical prices to predict the future NEWFOUNDLAND DISCOVCORP's volatility.| Risk Adjusted Performance | 0.1705 | |||
| Jensen Alpha | 12.2 | |||
| Total Risk Alpha | 9.3 | |||
| Sortino Ratio | 0.327 | |||
| Treynor Ratio | (1.26) |
NEWFOUNDLAND DISCOVCORP Backtested Returns
NEWFOUNDLAND DISCOVCORP is out of control given 3 months investment horizon. NEWFOUNDLAND DISCOVCORP has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 11.92% are justified by taking the suggested risk. Use NEWFOUNDLAND DISCOVCORP Mean Deviation of 36.84, risk adjusted performance of 0.1705, and Market Risk Adjusted Performance of (1.25) to evaluate company specific risk that cannot be diversified away. NEWFOUNDLAND DISCOVCORP holds a performance score of 15 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -9.4, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NEWFOUNDLAND DISCOVCORP are expected to decrease by larger amounts. On the other hand, during market turmoil, NEWFOUNDLAND DISCOVCORP is expected to outperform it. Use NEWFOUNDLAND DISCOVCORP treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to analyze future returns on NEWFOUNDLAND DISCOVCORP.
Auto-correlation | 0.27 |
Poor predictability
NEWFOUNDLAND DISCOVCORP has poor predictability. Overlapping area represents the amount of predictability between NEWFOUNDLAND DISCOVCORP time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 NEWFOUNDLAND DISCOVCORP price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current NEWFOUNDLAND DISCOVCORP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NEWFOUNDLAND DISCOVCORP lagged returns against current returns
Autocorrelation, which is NEWFOUNDLAND DISCOVCORP 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 NEWFOUNDLAND DISCOVCORP's stock expected returns. We can calculate the autocorrelation of NEWFOUNDLAND DISCOVCORP returns to help us make a trade decision. For example, suppose you find that NEWFOUNDLAND DISCOVCORP 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 |
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NEWFOUNDLAND DISCOVCORP 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 NEWFOUNDLAND DISCOVCORP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEWFOUNDLAND DISCOVCORP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEWFOUNDLAND DISCOVCORP stock over time.
Current vs Lagged Prices |
| Timeline |
NEWFOUNDLAND DISCOVCORP Lagged Returns
When evaluating NEWFOUNDLAND DISCOVCORP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEWFOUNDLAND DISCOVCORP stock have on its future price. NEWFOUNDLAND DISCOVCORP 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, NEWFOUNDLAND DISCOVCORP autocorrelation shows the relationship between NEWFOUNDLAND DISCOVCORP stock current value and its past values and can show if there is a momentum factor associated with investing in NEWFOUNDLAND DISCOVCORP.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NEWFOUNDLAND Stock
NEWFOUNDLAND DISCOVCORP financial ratios help investors to determine whether NEWFOUNDLAND 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 NEWFOUNDLAND with respect to the benefits of owning NEWFOUNDLAND DISCOVCORP security.