Netel Holding (Sweden) Market Value
| NETEL Stock | 13.30 0.36 2.78% |
| Symbol | Netel |
Netel Holding '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 Netel Holding'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 Netel Holding.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Netel Holding on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Netel Holding AB or generate 0.0% return on investment in Netel Holding over 720 days. Netel Holding is related to or competes with NCAB, Nordisk Bergteknik, Nordic Waterproofing, and Norva24 Group. More
Netel Holding 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 Netel Holding'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 Netel Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 24.55 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 6.45 |
Netel Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Netel Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Netel Holding's standard deviation. In reality, there are many statistical measures that can use Netel Holding historical prices to predict the future Netel Holding's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 3.29 |
Netel Holding AB Backtested Returns
Netel Holding AB has Sharpe Ratio of -0.23, which conveys that the firm had a -0.23% return per unit of risk over the last 3 months. Netel Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Netel Holding's Mean Deviation of 2.43, risk adjusted performance of (0.17), and Standard Deviation of 3.54 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Netel Holding are expected to decrease at a much lower rate. During the bear market, Netel Holding is likely to outperform the market. At this point, Netel Holding AB has a negative expected return of -0.8%. Please make sure to verify Netel Holding's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Netel Holding AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Netel Holding AB has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Netel Holding time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Netel Holding AB price movement. The serial correlation of -0.75 indicates that around 75.0% of current Netel Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 12.39 |
Netel Holding AB lagged returns against current returns
Autocorrelation, which is Netel Holding 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 Netel Holding's stock expected returns. We can calculate the autocorrelation of Netel Holding returns to help us make a trade decision. For example, suppose you find that Netel Holding 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 |
Netel Holding 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 Netel Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Netel Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Netel Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Netel Holding Lagged Returns
When evaluating Netel Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Netel Holding stock have on its future price. Netel Holding 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, Netel Holding autocorrelation shows the relationship between Netel Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Netel Holding AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Netel Stock Analysis
When running Netel Holding's price analysis, check to measure Netel Holding'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 Netel Holding is operating at the current time. Most of Netel Holding's value examination focuses on studying past and present price action to predict the probability of Netel Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Netel Holding's price. Additionally, you may evaluate how the addition of Netel Holding to your portfolios can decrease your overall portfolio volatility.