Netcompany Group (Denmark) Market Value
NETC Stock | DKK 285.20 0.50 0.18% |
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.
02/18/2024 |
| 03/19/2024 |
If you would invest 0.00 in Netcompany Group on February 18, 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 30 days. Netcompany Group is related to or competes with Fynske Bank, Kreditbanken, Laan Spar, Nordfyns Bank, North Media, and Alefarm Brewing. 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.
Downside Deviation | 1.77 | |||
Information Ratio | 0.1241 | |||
Maximum Drawdown | 13.3 | |||
Value At Risk | (2.60) | |||
Potential Upside | 3.76 |
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 | 0.1267 | |||
Jensen Alpha | 0.2987 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.1552 | |||
Treynor Ratio | 0.4976 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Netcompany Group'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. Please use the tools below to analyze the current value of Netcompany Group in the context of predictive analytics.
Netcompany Group Backtested Returns
Netcompany Group appears to be very steady, given 3 months investment horizon. Netcompany Group has Sharpe Ratio of 0.2, which conveys that the firm had 0.2% return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-nine technical indicators for Netcompany Group, which you can use to evaluate the future volatility of the firm. Please exercise Netcompany Group's Mean Deviation of 1.48, risk adjusted performance of 0.1267, and Downside Deviation of 1.77 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Netcompany Group holds a performance score of 15. The company secures a Beta (Market Risk) of 0.82, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Netcompany Group returns are expected to increase less than the market. However, during the bear market, the loss on holding Netcompany Group will be expected to be smaller as well. Although it is vital to follow Netcompany Group price patterns, it is good to be conservative about what you can do with the information regarding equity historical price patterns. Please exercises Netcompany Group AS maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk to make a quick decision on whether Netcompany Group current price movements will revert.
Auto-correlation | 0.49 |
Average predictability
Netcompany Group AS has average predictability. Overlapping area represents the amount of predictability between Netcompany Group time series from 18th of February 2024 to 4th of March 2024 and 4th of March 2024 to 19th of March 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 Netcompany Group price movement. The serial correlation of 0.49 indicates that about 49.0% of current Netcompany Group price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.49 | |
Spearman Rank Test | 0.52 | |
Residual Average | 0.0 | |
Price Variance | 10.25 |
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 stock 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 stock 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 |
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Complementary Tools for Netcompany Stock analysis
When running Netcompany Group's price analysis, check to measure Netcompany Group'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 Netcompany Group is operating at the current time. Most of Netcompany Group's value examination focuses on studying past and present price action to predict the probability of Netcompany Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Netcompany Group's price. Additionally, you may evaluate how the addition of Netcompany Group to your portfolios can decrease your overall portfolio volatility.
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Netcompany Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.