Ntg Clarity Networks Stock Market Value
| NCI Stock | CAD 1.57 0.02 1.29% |
| Symbol | NTG |
NTG Clarity Networks Price To Book Ratio
NTG Clarity '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 NTG Clarity'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 NTG Clarity.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in NTG Clarity on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding NTG Clarity Networks or generate 0.0% return on investment in NTG Clarity over 720 days. NTG Clarity Networks Inc. provides telecommunications engineering, information technology, networking, and related softw... More
NTG Clarity 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 NTG Clarity'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 NTG Clarity Networks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.78 | |||
| Information Ratio | 0.0609 | |||
| Maximum Drawdown | 27.93 | |||
| Value At Risk | (8.40) | |||
| Potential Upside | 7.48 |
NTG Clarity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NTG Clarity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NTG Clarity's standard deviation. In reality, there are many statistical measures that can use NTG Clarity historical prices to predict the future NTG Clarity's volatility.| Risk Adjusted Performance | 0.064 | |||
| Jensen Alpha | 0.3513 | |||
| Total Risk Alpha | 0.1274 | |||
| Sortino Ratio | 0.0558 | |||
| Treynor Ratio | 2.04 |
NTG Clarity Networks Backtested Returns
NTG Clarity appears to be extremely dangerous, given 3 months investment horizon. NTG Clarity Networks has Sharpe Ratio of 0.0861, which conveys that the firm had a 0.0861% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NTG Clarity, which you can use to evaluate the volatility of the firm. Please exercise NTG Clarity's risk adjusted performance of 0.064, and Mean Deviation of 3.82 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NTG Clarity holds a performance score of 6. The company secures a Beta (Market Risk) of 0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NTG Clarity's returns are expected to increase less than the market. However, during the bear market, the loss of holding NTG Clarity is expected to be smaller as well. Please check NTG Clarity's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether NTG Clarity's current price movements will revert.
Auto-correlation | 0.31 |
Below average predictability
NTG Clarity Networks has below average predictability. Overlapping area represents the amount of predictability between NTG Clarity 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 NTG Clarity Networks price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current NTG Clarity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
NTG Clarity Networks lagged returns against current returns
Autocorrelation, which is NTG Clarity 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 NTG Clarity's stock expected returns. We can calculate the autocorrelation of NTG Clarity returns to help us make a trade decision. For example, suppose you find that NTG Clarity 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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NTG Clarity 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 NTG Clarity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NTG Clarity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NTG Clarity stock over time.
Current vs Lagged Prices |
| Timeline |
NTG Clarity Lagged Returns
When evaluating NTG Clarity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NTG Clarity stock have on its future price. NTG Clarity 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, NTG Clarity autocorrelation shows the relationship between NTG Clarity stock current value and its past values and can show if there is a momentum factor associated with investing in NTG Clarity Networks.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NTG Stock Analysis
When running NTG Clarity's price analysis, check to measure NTG Clarity'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 NTG Clarity is operating at the current time. Most of NTG Clarity's value examination focuses on studying past and present price action to predict the probability of NTG Clarity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NTG Clarity's price. Additionally, you may evaluate how the addition of NTG Clarity to your portfolios can decrease your overall portfolio volatility.