NetEase (Brazil) Market Value
| NETE34 Stock | BRL 57.00 0.78 1.39% |
| Symbol | NetEase |
NetEase '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 NetEase'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 NetEase.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in NetEase on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding NetEase or generate 0.0% return on investment in NetEase over 60 days. NetEase is related to or competes with Electronic Arts, and Bilibili. More
NetEase 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 NetEase'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 NetEase upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.1521 | |||
| Maximum Drawdown | 15.69 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 6.91 |
NetEase Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NetEase's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NetEase's standard deviation. In reality, there are many statistical measures that can use NetEase historical prices to predict the future NetEase's volatility.| Risk Adjusted Performance | 0.1404 | |||
| Jensen Alpha | 0.5379 | |||
| Total Risk Alpha | 0.3773 | |||
| Sortino Ratio | 0.2019 | |||
| Treynor Ratio | (0.76) |
NetEase Backtested Returns
NetEase appears to be very steady, given 3 months investment horizon. NetEase has Sharpe Ratio of 0.0891, which conveys that the firm had a 0.0891% return per unit of risk over the last 3 months. We have found thirty technical indicators for NetEase, which you can use to evaluate the volatility of the firm. Please exercise NetEase's Mean Deviation of 2.31, risk adjusted performance of 0.1404, and Downside Deviation of 2.38 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NetEase holds a performance score of 7. The company secures a Beta (Market Risk) of -0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NetEase are expected to decrease at a much lower rate. During the bear market, NetEase is likely to outperform the market. Please check NetEase's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether NetEase's current price movements will revert.
Auto-correlation | 0.02 |
Virtually no predictability
NetEase has virtually no predictability. Overlapping area represents the amount of predictability between NetEase time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 NetEase price movement. The serial correlation of 0.02 indicates that only 2.0% of current NetEase price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 8.74 |
NetEase lagged returns against current returns
Autocorrelation, which is NetEase 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 NetEase's stock expected returns. We can calculate the autocorrelation of NetEase returns to help us make a trade decision. For example, suppose you find that NetEase 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 |
NetEase 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 NetEase stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NetEase stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NetEase stock over time.
Current vs Lagged Prices |
| Timeline |
NetEase Lagged Returns
When evaluating NetEase's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NetEase stock have on its future price. NetEase 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, NetEase autocorrelation shows the relationship between NetEase stock current value and its past values and can show if there is a momentum factor associated with investing in NetEase.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in NetEase Stock
When determining whether NetEase is a strong investment it is important to analyze NetEase's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NetEase's future performance. For an informed investment choice regarding NetEase Stock, refer to the following important reports:Check out NetEase Correlation, NetEase Volatility and NetEase Alpha and Beta module to complement your research on NetEase. For information on how to trade NetEase Stock refer to our How to Trade NetEase Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
NetEase 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.