Nws Holdings Ltd Stock Market Value
| NWSGY Stock | USD 9.65 0.15 1.58% |
| Symbol | NWS |
NWS Holdings '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 NWS Holdings' pink sheet 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 NWS Holdings.
| 05/27/2022 |
| 05/16/2024 |
If you would invest 0.00 in NWS Holdings on May 27, 2022 and sell it all today you would earn a total of 0.00 from holding NWS Holdings Ltd or generate 0.0% return on investment in NWS Holdings over 720 days. NWS Holdings is related to or competes with Matrix Service, MYR, Granite Construction, Great Lakes, Tutor Perini, and Aecom Technology. NWS Holdings Limited, an investment holding company, primarily invests in, develops, andor operates toll roads in Hong K... More
NWS Holdings 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 NWS Holdings' pink sheet 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 NWS Holdings Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.44 | |||
| Information Ratio | 0.0743 | |||
| Maximum Drawdown | 53.28 | |||
| Value At Risk | (16.00) | |||
| Potential Upside | 18.94 |
NWS Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NWS Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NWS Holdings' standard deviation. In reality, there are many statistical measures that can use NWS Holdings historical prices to predict the future NWS Holdings' volatility.| Risk Adjusted Performance | 0.0621 | |||
| Jensen Alpha | 0.7206 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0584 | |||
| Treynor Ratio | 2.11 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NWS Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NWS Holdings Backtested Returns
NWS Holdings appears to be unstable, given 3 months investment horizon. NWS Holdings has Sharpe Ratio of 0.061, which conveys that the firm had a 0.061% return per unit of standard deviation over the last 3 months. By reviewing NWS Holdings' technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise NWS Holdings' Market Risk Adjusted Performance of 2.12, mean deviation of 4.88, and Risk Adjusted Performance of 0.0621 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NWS Holdings holds a performance score of 4. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NWS Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding NWS Holdings is expected to be smaller as well. Please check NWS Holdings' total risk alpha, downside variance, as well as the relationship between the Downside Variance and rate of daily change , to make a quick decision on whether NWS Holdings' current price movements will revert.
Auto-correlation | 0.33 |
Below average predictability
NWS Holdings Ltd has below average predictability. Overlapping area represents the amount of predictability between NWS Holdings time series from 27th of May 2022 to 22nd of May 2023 and 22nd of May 2023 to 16th of May 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 NWS Holdings price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current NWS Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
NWS Holdings lagged returns against current returns
Autocorrelation, which is NWS Holdings pink sheet'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 NWS Holdings' pink sheet expected returns. We can calculate the autocorrelation of NWS Holdings returns to help us make a trade decision. For example, suppose you find that NWS Holdings has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
NWS Holdings 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 NWS Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NWS Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NWS Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NWS Holdings Lagged Returns
When evaluating NWS Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NWS Holdings pink sheet have on its future price. NWS Holdings 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, NWS Holdings autocorrelation shows the relationship between NWS Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NWS Holdings Ltd.
Regressed Prices |
| Timeline |
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Complementary Tools for NWS Pink Sheet analysis
When running NWS Holdings' price analysis, check to measure NWS Holdings' 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 NWS Holdings is operating at the current time. Most of NWS Holdings' value examination focuses on studying past and present price action to predict the probability of NWS Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NWS Holdings' price. Additionally, you may evaluate how the addition of NWS Holdings to your portfolios can decrease your overall portfolio volatility.
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NWS Holdings technical pink sheet 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, pink sheet market cycles, or different charting patterns.