Neurotech International (Australia) Market Value
| NTI Stock | 0.07 0 1.45% |
| Symbol | Neurotech |
Neurotech International '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 Neurotech International'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 Neurotech International.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Neurotech International on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Neurotech International or generate 0.0% return on investment in Neurotech International over 30 days. Neurotech International is related to or competes with WA1 Resources, and Zip Co. Neurotech International is entity of Australia More
Neurotech International 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 Neurotech International'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 Neurotech International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.6 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.85 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 5.56 |
Neurotech International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neurotech International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neurotech International's standard deviation. In reality, there are many statistical measures that can use Neurotech International historical prices to predict the future Neurotech International's volatility.| Risk Adjusted Performance | 0.0268 | |||
| Jensen Alpha | 0.0213 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1718 |
Neurotech International Backtested Returns
Currently, Neurotech International is out of control. Neurotech International has Sharpe Ratio of 0.0131, which conveys that the firm had a 0.0131% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Neurotech International, which you can use to evaluate the volatility of the firm. Please verify Neurotech International's Risk Adjusted Performance of 0.0268, mean deviation of 2.54, and Downside Deviation of 4.6 to check out if the risk estimate we provide is consistent with the expected return of 0.0495%. Neurotech International has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Neurotech International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Neurotech International is expected to be smaller as well. Neurotech International right now secures a risk of 3.77%. Please verify Neurotech International treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Neurotech International will be following its current price movements.
Auto-correlation | -0.55 |
Good reverse predictability
Neurotech International has good reverse predictability. Overlapping area represents the amount of predictability between Neurotech International time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Neurotech International price movement. The serial correlation of -0.55 indicates that about 55.0% of current Neurotech International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Neurotech International lagged returns against current returns
Autocorrelation, which is Neurotech International 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 Neurotech International's stock expected returns. We can calculate the autocorrelation of Neurotech International returns to help us make a trade decision. For example, suppose you find that Neurotech International 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 |
Neurotech International 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 Neurotech International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neurotech International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neurotech International stock over time.
Current vs Lagged Prices |
| Timeline |
Neurotech International Lagged Returns
When evaluating Neurotech International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neurotech International stock have on its future price. Neurotech International 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, Neurotech International autocorrelation shows the relationship between Neurotech International stock current value and its past values and can show if there is a momentum factor associated with investing in Neurotech International.
Regressed Prices |
| Timeline |
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Additional Tools for Neurotech Stock Analysis
When running Neurotech International's price analysis, check to measure Neurotech International'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 Neurotech International is operating at the current time. Most of Neurotech International's value examination focuses on studying past and present price action to predict the probability of Neurotech International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neurotech International's price. Additionally, you may evaluate how the addition of Neurotech International to your portfolios can decrease your overall portfolio volatility.