Netgem SA (France) Market Value
| ALNTG Stock | EUR 1.03 0.02 1.98% |
| Symbol | Netgem |
Netgem SA '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 Netgem SA'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 Netgem SA.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Netgem SA on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Netgem SA or generate 0.0% return on investment in Netgem SA over 360 days. Netgem SA is related to or competes with Eurobio Scientific, Riber SA, and Lanson BCC. Netgem SA operates as an independent service provider for ultra-broadband internet access services in France and the Uni... More
Netgem SA 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 Netgem SA'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 Netgem SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.1128 | |||
| Maximum Drawdown | 18.36 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 6.82 |
Netgem SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Netgem SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Netgem SA's standard deviation. In reality, there are many statistical measures that can use Netgem SA historical prices to predict the future Netgem SA's volatility.| Risk Adjusted Performance | 0.1223 | |||
| Jensen Alpha | 0.5449 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1568 | |||
| Treynor Ratio | (1.05) |
Netgem SA Backtested Returns
Netgem SA appears to be extremely dangerous, given 3 months investment horizon. Netgem SA 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. By analyzing Netgem SA's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise Netgem SA's Downside Deviation of 2.41, mean deviation of 2.29, and Risk Adjusted Performance of 0.1223 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Netgem SA holds a performance score of 11. The company secures a Beta (Market Risk) of -0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Netgem SA are expected to decrease at a much lower rate. During the bear market, Netgem SA is likely to outperform the market. Please check Netgem SA's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Netgem SA's current price movements will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Netgem SA has weak reverse predictability. Overlapping area represents the amount of predictability between Netgem SA time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 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 Netgem SA price movement. The serial correlation of -0.22 indicates that over 22.0% of current Netgem SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Netgem SA lagged returns against current returns
Autocorrelation, which is Netgem SA 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 Netgem SA's stock expected returns. We can calculate the autocorrelation of Netgem SA returns to help us make a trade decision. For example, suppose you find that Netgem SA 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 |
Netgem SA 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 Netgem SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Netgem SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Netgem SA stock over time.
Current vs Lagged Prices |
| Timeline |
Netgem SA Lagged Returns
When evaluating Netgem SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Netgem SA stock have on its future price. Netgem SA 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, Netgem SA autocorrelation shows the relationship between Netgem SA stock current value and its past values and can show if there is a momentum factor associated with investing in Netgem SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Netgem Stock Analysis
When running Netgem SA's price analysis, check to measure Netgem SA'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 Netgem SA is operating at the current time. Most of Netgem SA's value examination focuses on studying past and present price action to predict the probability of Netgem SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Netgem SA's price. Additionally, you may evaluate how the addition of Netgem SA to your portfolios can decrease your overall portfolio volatility.