N1WL34 (Brazil) Market Value
| N1WL34 Stock | BRL 61.98 4.21 6.36% |
| Symbol | N1WL34 |
N1WL34 '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 N1WL34'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 N1WL34.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in N1WL34 on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding N1WL34 or generate 0.0% return on investment in N1WL34 over 180 days. N1WL34 is related to or competes with Procter Gamble, Unilever PLC, Este Lauder, Colgate Palmolive, KMBB34, Coty, and Natura Co. Newell Brands Inc. designs, manufactures, sources, and distributes consumer and commercial products worldwide More
N1WL34 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 N1WL34'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 N1WL34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.1868 | |||
| Maximum Drawdown | 22.16 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 8.51 |
N1WL34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for N1WL34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as N1WL34's standard deviation. In reality, there are many statistical measures that can use N1WL34 historical prices to predict the future N1WL34's volatility.| Risk Adjusted Performance | 0.1665 | |||
| Jensen Alpha | 0.7749 | |||
| Total Risk Alpha | 0.5938 | |||
| Sortino Ratio | 0.2097 | |||
| Treynor Ratio | (2.28) |
N1WL34 Backtested Returns
N1WL34 appears to be very steady, given 3 months investment horizon. N1WL34 has Sharpe Ratio of 0.21, which conveys that the company had a 0.21% return per unit of standard deviation over the last 3 months. By examining N1WL34's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please exercise N1WL34's mean deviation of 2.17, and Downside Deviation of 3.47 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, N1WL34 holds a performance score of 16. The firm secures a Beta (Market Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning N1WL34 are expected to decrease at a much lower rate. During the bear market, N1WL34 is likely to outperform the market. Please check N1WL34's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether N1WL34's current price movements will revert.
Auto-correlation | 0.41 |
Average predictability
N1WL34 has average predictability. Overlapping area represents the amount of predictability between N1WL34 time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 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 N1WL34 price movement. The serial correlation of 0.41 indicates that just about 41.0% of current N1WL34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 97.26 |
N1WL34 lagged returns against current returns
Autocorrelation, which is N1WL34 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 N1WL34's stock expected returns. We can calculate the autocorrelation of N1WL34 returns to help us make a trade decision. For example, suppose you find that N1WL34 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 |
N1WL34 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 N1WL34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if N1WL34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in N1WL34 stock over time.
Current vs Lagged Prices |
| Timeline |
N1WL34 Lagged Returns
When evaluating N1WL34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of N1WL34 stock have on its future price. N1WL34 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, N1WL34 autocorrelation shows the relationship between N1WL34 stock current value and its past values and can show if there is a momentum factor associated with investing in N1WL34.
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.Other Information on Investing in N1WL34 Stock
N1WL34 financial ratios help investors to determine whether N1WL34 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 N1WL34 with respect to the benefits of owning N1WL34 security.