Netcompany Group (Denmark) Market Value
| NETC Stock | DKK 278.40 0.60 0.22% |
| Symbol | Netcompany |
Netcompany 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 Netcompany 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 Netcompany Group.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Netcompany Group on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Netcompany Group AS or generate 0.0% return on investment in Netcompany Group over 90 days. Netcompany Group is related to or competes with GN Store, Ambu AS, ROCKWOOL International, Genmab AS, and Demant AS. Netcompany Group AS, an IT services company, delivers business critical IT solutions to public and private sector custom... More
Netcompany 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 Netcompany 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 Netcompany Group AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 20.12 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 2.43 |
Netcompany Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Netcompany Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Netcompany Group's standard deviation. In reality, there are many statistical measures that can use Netcompany Group historical prices to predict the future Netcompany Group's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.9344 |
Netcompany Group Backtested Returns
Netcompany Group has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13 % return per unit of risk over the last 3 months. Netcompany Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Netcompany Group's Mean Deviation of 1.58, risk adjusted performance of (0.10), and Standard Deviation of 2.99 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Netcompany Group are expected to decrease at a much lower rate. During the bear market, Netcompany Group is likely to outperform the market. At this point, Netcompany Group has a negative expected return of -0.4%. Please make sure to verify Netcompany Group's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Netcompany Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Netcompany Group AS has very weak reverse predictability. Overlapping area represents the amount of predictability between Netcompany Group time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Netcompany Group price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Netcompany Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 38.58 |
Netcompany Group lagged returns against current returns
Autocorrelation, which is Netcompany 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 Netcompany Group's stock expected returns. We can calculate the autocorrelation of Netcompany Group returns to help us make a trade decision. For example, suppose you find that Netcompany 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 |
Netcompany 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 Netcompany Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Netcompany Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Netcompany Group stock over time.
Current vs Lagged Prices |
| Timeline |
Netcompany Group Lagged Returns
When evaluating Netcompany Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Netcompany Group stock have on its future price. Netcompany 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, Netcompany Group autocorrelation shows the relationship between Netcompany Group stock current value and its past values and can show if there is a momentum factor associated with investing in Netcompany Group AS.
Regressed Prices |
| Timeline |
Pair Trading with Netcompany Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Netcompany Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Netcompany Group will appreciate offsetting losses from the drop in the long position's value.Moving against Netcompany Stock
| 0.87 | COLUM | Columbus AS | PairCorr |
| 0.76 | NDA-DK | Nordea Bank Abp | PairCorr |
| 0.74 | CARL-B | Carlsberg AS | PairCorr |
| 0.72 | ISS | ISS AS | PairCorr |
| 0.72 | CHEMM | ChemoMetec AS | PairCorr |
The ability to find closely correlated positions to Netcompany Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Netcompany Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Netcompany Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Netcompany Group AS to buy it.
The correlation of Netcompany Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Netcompany Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Netcompany Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Netcompany Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Netcompany Stock
Netcompany Group financial ratios help investors to determine whether Netcompany 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 Netcompany with respect to the benefits of owning Netcompany Group security.