New Oriental (Mexico) Market Value
| EDUN Stock | MXN 1,266 0.00 0.00% |
| Symbol | New |
New Oriental '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 Oriental'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 New Oriental.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in New Oriental on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding New Oriental Education or generate 0.0% return on investment in New Oriental over 90 days. New Oriental is related to or competes with First Republic, FibraHotel, Ameriprise Financial, Ross Stores, Capital One, Grupo Sports, and Monster Beverage. New Oriental Education Technology Group Inc More
New Oriental 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 Oriental'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 New Oriental Education upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.38 | |||
| Potential Upside | 0.7886 |
New Oriental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Oriental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Oriental's standard deviation. In reality, there are many statistical measures that can use New Oriental historical prices to predict the future New Oriental's volatility.| Risk Adjusted Performance | 0.0096 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0) |
New Oriental Education Backtested Returns
At this stage we consider New Stock to be very steady. New Oriental Education has Sharpe Ratio of 0.0039, which conveys that the firm had a 0.0039% return per unit of risk over the last 3 months. We have found eighteen technical indicators for New Oriental, which you can use to evaluate the volatility of the firm. Please verify New Oriental's Risk Adjusted Performance of 0.0096, mean deviation of 0.4777, and Standard Deviation of 2.34 to check out if the risk estimate we provide is consistent with the expected return of 0.0094%. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, New Oriental's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Oriental is expected to be smaller as well. New Oriental Education right now secures a risk of 2.42%. Please verify New Oriental Education potential upside, kurtosis, day median price, as well as the relationship between the skewness and rate of daily change , to decide if New Oriental Education will be following its current price movements.
Auto-correlation | -0.23 |
Weak reverse predictability
New Oriental Education has weak reverse predictability. Overlapping area represents the amount of predictability between New Oriental time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th 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 New Oriental Education price movement. The serial correlation of -0.23 indicates that over 23.0% of current New Oriental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 4717.82 |
New Oriental Education lagged returns against current returns
Autocorrelation, which is New Oriental 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 Oriental's stock expected returns. We can calculate the autocorrelation of New Oriental returns to help us make a trade decision. For example, suppose you find that New Oriental 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 |
New Oriental 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 Oriental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Oriental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Oriental stock over time.
Current vs Lagged Prices |
| Timeline |
New Oriental Lagged Returns
When evaluating New Oriental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Oriental stock have on its future price. New Oriental 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 Oriental autocorrelation shows the relationship between New Oriental stock current value and its past values and can show if there is a momentum factor associated with investing in New Oriental Education.
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 New Stock Analysis
When running New Oriental's price analysis, check to measure New Oriental'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 Oriental is operating at the current time. Most of New Oriental's value examination focuses on studying past and present price action to predict the probability of New Oriental'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 Oriental's price. Additionally, you may evaluate how the addition of New Oriental to your portfolios can decrease your overall portfolio volatility.