Network Media Group Stock Market Value
| NTE Stock | CAD 0.1 0.01 5.00% |
| Symbol | Network |
Network Media Group Price To Book Ratio
Network Media '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 Network Media'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 Network Media.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Network Media on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Network Media Group or generate 0.0% return on investment in Network Media over 90 days. Network Media is related to or competes with Cielo Waste, IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. Network Media Group Inc., together with its subsidiaries, develops, produces, and exploits film and television propertie... More
Network Media 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 Network Media'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 Network Media Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 29.67 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 5.26 |
Network Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Network Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Network Media's standard deviation. In reality, there are many statistical measures that can use Network Media historical prices to predict the future Network Media's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (1.10) | |||
| Total Risk Alpha | (1.89) | |||
| Treynor Ratio | 2.5 |
Network Media Group Backtested Returns
Network Media Group has Sharpe Ratio of -0.24, which conveys that the firm had a -0.24% return per unit of risk over the last 3 months. Network Media exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Network Media's Risk Adjusted Performance of (0.17), mean deviation of 3.13, and Standard Deviation of 4.93 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Network Media are expected to decrease at a much lower rate. During the bear market, Network Media is likely to outperform the market. At this point, Network Media Group has a negative expected return of -1.09%. Please make sure to verify Network Media's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Network Media Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Network Media Group has very good predictability. Overlapping area represents the amount of predictability between Network Media time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 Network Media Group price movement. The serial correlation of 0.81 indicates that around 81.0% of current Network Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Network Media Group lagged returns against current returns
Autocorrelation, which is Network Media 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 Network Media's stock expected returns. We can calculate the autocorrelation of Network Media returns to help us make a trade decision. For example, suppose you find that Network Media 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 |
Network Media 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 Network Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Network Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Network Media stock over time.
Current vs Lagged Prices |
| Timeline |
Network Media Lagged Returns
When evaluating Network Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Network Media stock have on its future price. Network Media 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, Network Media autocorrelation shows the relationship between Network Media stock current value and its past values and can show if there is a momentum factor associated with investing in Network Media Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Network Stock Analysis
When running Network Media's price analysis, check to measure Network Media'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 Network Media is operating at the current time. Most of Network Media's value examination focuses on studying past and present price action to predict the probability of Network Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Network Media's price. Additionally, you may evaluate how the addition of Network Media to your portfolios can decrease your overall portfolio volatility.