Neogrid Participaes (Brazil) Market Value
| NGRD3 Stock | BRL 27.40 0.33 1.22% |
| Symbol | Neogrid |
Neogrid Participaes '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 Neogrid Participaes' 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 Neogrid Participaes.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Neogrid Participaes on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Neogrid Participaes SA or generate 0.0% return on investment in Neogrid Participaes over 180 days. Neogrid Participaes is related to or competes with Aeris Indstria, Mliuz SA, Enjoei SA, Locaweb Servios, and Pet Center. Neogrid Participaes S.A., together with its subsidiaries, develops, licenses, sells, and implements customized software ... More
Neogrid Participaes 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 Neogrid Participaes' 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 Neogrid Participaes SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.89 | |||
| Value At Risk | (7.37) | |||
| Potential Upside | 5.66 |
Neogrid Participaes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neogrid Participaes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neogrid Participaes' standard deviation. In reality, there are many statistical measures that can use Neogrid Participaes historical prices to predict the future Neogrid Participaes' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.49) |
Neogrid Participaes Backtested Returns
Neogrid Participaes has Sharpe Ratio of -0.0667, which conveys that the firm had a -0.0667% return per unit of risk over the last 3 months. Neogrid Participaes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Neogrid Participaes' Mean Deviation of 2.69, standard deviation of 3.66, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Neogrid Participaes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Neogrid Participaes is expected to be smaller as well. At this point, Neogrid Participaes has a negative expected return of -0.25%. Please make sure to verify Neogrid Participaes' value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Neogrid Participaes performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Neogrid Participaes SA has poor reverse predictability. Overlapping area represents the amount of predictability between Neogrid Participaes time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Neogrid Participaes price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Neogrid Participaes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 5.2 |
Neogrid Participaes lagged returns against current returns
Autocorrelation, which is Neogrid Participaes 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 Neogrid Participaes' stock expected returns. We can calculate the autocorrelation of Neogrid Participaes returns to help us make a trade decision. For example, suppose you find that Neogrid Participaes 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 |
Neogrid Participaes 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 Neogrid Participaes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neogrid Participaes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neogrid Participaes stock over time.
Current vs Lagged Prices |
| Timeline |
Neogrid Participaes Lagged Returns
When evaluating Neogrid Participaes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neogrid Participaes stock have on its future price. Neogrid Participaes 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, Neogrid Participaes autocorrelation shows the relationship between Neogrid Participaes stock current value and its past values and can show if there is a momentum factor associated with investing in Neogrid Participaes 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 Neogrid Stock Analysis
When running Neogrid Participaes' price analysis, check to measure Neogrid Participaes' 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 Neogrid Participaes is operating at the current time. Most of Neogrid Participaes' value examination focuses on studying past and present price action to predict the probability of Neogrid Participaes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neogrid Participaes' price. Additionally, you may evaluate how the addition of Neogrid Participaes to your portfolios can decrease your overall portfolio volatility.