Now Corp's market value is the price at which a share of Now Corp trades on a public exchange. It measures the collective expectations of Now Corp investors about its performance. Now Corp is trading at 0.59 as of the 6th of January 2025, a 3.28% down since the beginning of the trading day. The stock's lowest day price was 0.58. With this module, you can estimate the performance of a buy and hold strategy of Now Corp and determine expected loss or profit from investing in Now Corp over a given investment horizon. Check out Now Corp Correlation, Now Corp Volatility and Now Corp Alpha and Beta module to complement your research on Now Corp.
Please note, there is a significant difference between Now Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Now Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Now Corp'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.
Now Corp '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 Now Corp'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 Now Corp.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Now Corp'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 Now Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Now Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Now Corp's standard deviation. In reality, there are many statistical measures that can use Now Corp historical prices to predict the future Now Corp's volatility.
Now Corp has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Now Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Now Corp's Standard Deviation of 2.26, mean deviation of 1.79, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Now Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Now Corp is expected to be smaller as well. At this point, Now Corp has a negative expected return of -0.36%. Please make sure to verify Now Corp's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Now Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
0.07
Virtually no predictability
Now Corp has virtually no predictability. Overlapping area represents the amount of predictability between Now Corp time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 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 Now Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Now Corp price fluctuation can be explain by its past prices.
Correlation Coefficient
0.07
Spearman Rank Test
0.26
Residual Average
0.0
Price Variance
0.0
Now Corp lagged returns against current returns
Autocorrelation, which is Now Corp 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 Now Corp's stock expected returns. We can calculate the autocorrelation of Now Corp returns to help us make a trade decision. For example, suppose you find that Now Corp 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
Now Corp 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 Now Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Now Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Now Corp stock over time.
Current vs Lagged Prices
Timeline
Now Corp Lagged Returns
When evaluating Now Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Now Corp stock have on its future price. Now Corp 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, Now Corp autocorrelation shows the relationship between Now Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Now Corp.
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.
Now Corp financial ratios help investors to determine whether Now 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 Now with respect to the benefits of owning Now Corp security.