New Ulm Telecom Stock Market Value
| NUVR Stock | USD 8.60 0.10 1.18% |
| Symbol | New |
New Ulm '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 New Ulm's otc 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 New Ulm.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in New Ulm on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding New Ulm Telecom or generate 0.0% return on investment in New Ulm over 720 days. New Ulm is related to or competes with KORE Group, Grupo Televisa, ATT, Verizon Communications, Vodafone Group, T Mobile, and Lumen Technologies. Nuvera Communications, Inc. operates as a diversified communications company in the United States More
New Ulm 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 New Ulm's otc 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 New Ulm Telecom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.18 | |||
| Information Ratio | 0.026 | |||
| Maximum Drawdown | 40.85 | |||
| Value At Risk | (6.51) | |||
| Potential Upside | 3.74 |
New Ulm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Ulm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Ulm's standard deviation. In reality, there are many statistical measures that can use New Ulm historical prices to predict the future New Ulm's volatility.| Risk Adjusted Performance | 0.0481 | |||
| Jensen Alpha | 0.2834 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.02 | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Ulm's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
New Ulm Telecom Backtested Returns
New Ulm appears to be slightly risky, given 3 months investment horizon. New Ulm Telecom has Sharpe Ratio of 0.047, which conveys that the firm had a 0.047% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New Ulm, which you can use to evaluate the volatility of the firm. Please exercise New Ulm's Mean Deviation of 2.24, downside deviation of 6.18, and Risk Adjusted Performance of 0.0481 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Ulm holds a performance score of 3. The company secures a Beta (Market Risk) of -0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning New Ulm are expected to decrease at a much lower rate. During the bear market, New Ulm is likely to outperform the market. Please check New Ulm's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether New Ulm's current price movements will revert.
Auto-correlation | 0.70 |
Good predictability
New Ulm Telecom has good predictability. Overlapping area represents the amount of predictability between New Ulm time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 New Ulm Telecom price movement. The serial correlation of 0.7 indicates that around 70.0% of current New Ulm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.18 |
New Ulm Telecom lagged returns against current returns
Autocorrelation, which is New Ulm otc 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 New Ulm's otc stock expected returns. We can calculate the autocorrelation of New Ulm returns to help us make a trade decision. For example, suppose you find that New Ulm has exhibited high autocorrelation historically, and you observe that the otc 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 |
New Ulm 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 New Ulm otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Ulm otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Ulm otc stock over time.
Current vs Lagged Prices |
| Timeline |
New Ulm Lagged Returns
When evaluating New Ulm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Ulm otc stock have on its future price. New Ulm 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, New Ulm autocorrelation shows the relationship between New Ulm otc stock current value and its past values and can show if there is a momentum factor associated with investing in New Ulm Telecom.
Regressed Prices |
| Timeline |
Pair Trading with New Ulm
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 New Ulm 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 New Ulm will appreciate offsetting losses from the drop in the long position's value.Moving together with New OTC Stock
Moving against New OTC Stock
| 0.63 | BKRKY | Bank Rakyat | PairCorr |
| 0.6 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.54 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.51 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.5 | PPERF | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to New Ulm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Ulm 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 New Ulm - 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 New Ulm Telecom to buy it.
The correlation of New Ulm 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 New Ulm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Ulm Telecom 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 New Ulm 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.Additional Tools for New OTC Stock Analysis
When running New Ulm's price analysis, check to measure New Ulm'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 New Ulm is operating at the current time. Most of New Ulm's value examination focuses on studying past and present price action to predict the probability of New Ulm's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Ulm's price. Additionally, you may evaluate how the addition of New Ulm to your portfolios can decrease your overall portfolio volatility.