Naturgy Energy (Germany) Market Value
| GAN Stock | EUR 23.60 0.02 0.08% |
| Symbol | Naturgy |
Naturgy Energy '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 Naturgy Energy'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 Naturgy Energy.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Naturgy Energy on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Naturgy Energy Group or generate 0.0% return on investment in Naturgy Energy over 720 days. Naturgy Energy is related to or competes with CenterPoint Energy, Snam SpA, ENN Energy, ENN Energy, NiSource, and China Resources. Naturgy Energy Group, S.A., together with its subsidiaries, engages in the supply, liquefaction, regasification, transpo... More
Naturgy Energy 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 Naturgy Energy'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 Naturgy Energy Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.27 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 3.21 |
Naturgy Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Naturgy Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Naturgy Energy's standard deviation. In reality, there are many statistical measures that can use Naturgy Energy historical prices to predict the future Naturgy Energy's volatility.| Risk Adjusted Performance | 0.0405 | |||
| Jensen Alpha | 0.0752 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 2.38 |
Naturgy Energy Group Backtested Returns
At this point, Naturgy Energy is very steady. Naturgy Energy Group has Sharpe Ratio of 0.0514, which conveys that the firm had a 0.0514% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Naturgy Energy, which you can use to evaluate the volatility of the firm. Please verify Naturgy Energy's Risk Adjusted Performance of 0.0405, mean deviation of 1.36, and Downside Deviation of 2.04 to check out if the risk estimate we provide is consistent with the expected return of 0.0949%. Naturgy Energy has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0332, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Naturgy Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Naturgy Energy is expected to be smaller as well. Naturgy Energy Group right now secures a risk of 1.84%. Please verify Naturgy Energy Group total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Naturgy Energy Group will be following its current price movements.
Auto-correlation | -0.27 |
Weak reverse predictability
Naturgy Energy Group has weak reverse predictability. Overlapping area represents the amount of predictability between Naturgy Energy time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Naturgy Energy Group price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Naturgy Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2.99 |
Naturgy Energy Group lagged returns against current returns
Autocorrelation, which is Naturgy Energy 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 Naturgy Energy's stock expected returns. We can calculate the autocorrelation of Naturgy Energy returns to help us make a trade decision. For example, suppose you find that Naturgy Energy 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 |
Naturgy Energy 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 Naturgy Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Naturgy Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Naturgy Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Naturgy Energy Lagged Returns
When evaluating Naturgy Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Naturgy Energy stock have on its future price. Naturgy Energy 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, Naturgy Energy autocorrelation shows the relationship between Naturgy Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Naturgy Energy Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Naturgy Stock
Naturgy Energy financial ratios help investors to determine whether Naturgy Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Naturgy with respect to the benefits of owning Naturgy Energy security.