NEPI Rockcastle (South Africa) Market Value
| NRP Stock | 13,976 45.00 0.32% |
| Symbol | NEPI |
NEPI Rockcastle '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 NEPI Rockcastle'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 NEPI Rockcastle.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in NEPI Rockcastle on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding NEPI Rockcastle PLC or generate 0.0% return on investment in NEPI Rockcastle over 180 days. NEPI Rockcastle is related to or competes with Growthpoint Properties, Shoprite Holdings, and Dis Chem. More
NEPI Rockcastle 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 NEPI Rockcastle'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 NEPI Rockcastle PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.58 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.3 |
NEPI Rockcastle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEPI Rockcastle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEPI Rockcastle's standard deviation. In reality, there are many statistical measures that can use NEPI Rockcastle historical prices to predict the future NEPI Rockcastle's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.5023 |
NEPI Rockcastle PLC Backtested Returns
NEPI Rockcastle PLC has Sharpe Ratio of -0.0355, which conveys that the firm had a -0.0355% return per unit of volatility over the last 3 months. NEPI Rockcastle exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEPI Rockcastle's mean deviation of 0.6826, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0862, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NEPI Rockcastle are expected to decrease at a much lower rate. During the bear market, NEPI Rockcastle is likely to outperform the market. At this point, NEPI Rockcastle PLC has a negative expected return of -0.0334%. Please make sure to verify NEPI Rockcastle's value at risk, accumulation distribution, day typical price, as well as the relationship between the skewness and rate of daily change , to decide if NEPI Rockcastle PLC performance from the past will be repeated at future time.
Auto-correlation | -0.59 |
Good reverse predictability
NEPI Rockcastle PLC has good reverse predictability. Overlapping area represents the amount of predictability between NEPI Rockcastle time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 NEPI Rockcastle PLC price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current NEPI Rockcastle price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 99.5 K |
NEPI Rockcastle PLC lagged returns against current returns
Autocorrelation, which is NEPI Rockcastle 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 NEPI Rockcastle's stock expected returns. We can calculate the autocorrelation of NEPI Rockcastle returns to help us make a trade decision. For example, suppose you find that NEPI Rockcastle 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 |
NEPI Rockcastle 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 NEPI Rockcastle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEPI Rockcastle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEPI Rockcastle stock over time.
Current vs Lagged Prices |
| Timeline |
NEPI Rockcastle Lagged Returns
When evaluating NEPI Rockcastle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEPI Rockcastle stock have on its future price. NEPI Rockcastle 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, NEPI Rockcastle autocorrelation shows the relationship between NEPI Rockcastle stock current value and its past values and can show if there is a momentum factor associated with investing in NEPI Rockcastle PLC.
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.Other Information on Investing in NEPI Stock
NEPI Rockcastle financial ratios help investors to determine whether NEPI 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 NEPI with respect to the benefits of owning NEPI Rockcastle security.