NZSE (New Zealand) Market Value

NZ50 -  New Zealand Index  

 11,267  60.46  0.54%

NZSE's market value is the price at which a share of NZSE stock trades on a public exchange. It measures the collective expectations of NZSE investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of NZSE and determine expected loss or profit from investing in NZSE over a given investment horizon. Check out NZSE Hype Analysis, NZSE Correlation, Portfolio Optimization, NZSE Volatility, as well as analyze NZSE Alpha and Beta and NZSE Performance.
Symbol
Backtest

Please note, there is a significant difference between NZSE's value and its price as these two are different measures arrived at by different means. Investors typically determine NZSE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NZSE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

NZSE '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 NZSE's index 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 NZSE.
0.00
04/22/2022
No Change 0.00  0.0 
In 30 days
05/22/2022
0.00
If you would invest  0.00  in NZSE on April 22, 2022 and sell it all today you would earn a total of 0.00 from holding NZSE or generate 0.0% return on investment in NZSE over 30 days.

NZSE 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 NZSE's index 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 NZSE upside and downside potential and time the market with a certain degree of confidence.

NZSE Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NZSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NZSE's standard deviation. In reality, there are many statistical measures that can use NZSE historical prices to predict the future NZSE's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NZSE's 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. Please use the tools below to analyze the current value of NZSE in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
11,26611,26711,268
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Intrinsic
Valuation
LowReal ValueHigh
10,14111,47111,472
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as NZSE. Your research has to be compared to or analyzed against NZSE's peers to derive any actionable benefits. When done correctly, NZSE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in NZSE.

NZSE Backtested Returns

NZSE has Sharpe Ratio of -0.12, which conveys that the entity had -0.12% of return per unit of standard deviation over the last 3 months. Macroaxis standpoint towards estimating the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. NZSE exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
The index secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. Let's try to break down what NZSE's beta means in this case. the returns on MARKET and NZSE are completely uncorrelated. Even though it is essential to pay attention to NZSE price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. NZSE exposes twenty-eight different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.08  

Very weak reverse predictability

NZSE has very weak reverse predictability. Overlapping area represents the amount of predictability between NZSE time series from 22nd of April 2022 to 7th of May 2022 and 7th of May 2022 to 22nd of May 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NZSE price movement. The serial correlation of -0.08 indicates that barely 8.0% of current NZSE price fluctuation can be explain by its past prices.
Correlation Coefficient-0.08
Spearman Rank Test-0.15
Residual Average0.0
Price Variance4298.38

NZSE lagged returns against current returns

Autocorrelation, which is NZSE index'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 NZSE's index expected returns. We can calculate the autocorrelation of NZSE returns to help us make a trade decision. For example, suppose you find that NZSE index 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

NZSE 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 NZSE index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NZSE index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NZSE index over time.
 Current vs Lagged Prices 
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      Timeline 

NZSE Lagged Returns

When evaluating NZSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NZSE index have on its future price. NZSE 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, NZSE autocorrelation shows the relationship between NZSE index current value and its past values and can show if there is a momentum factor associated with investing in NZSE.
 Regressed Prices 
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      Timeline 

NZSE Investors Sentiment

The influence of NZSE's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NZSE. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NZSE in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NZSE's short interest history, or implied volatility extrapolated from NZSE options trading.

Current Sentiment - NZ50

NZSE Investor Sentiment

Most of Macroaxis investors are at this time bullish on NZSE. What is your trading attitude regarding investing in New Zealand companies? Are you bullish or bearish on NZSE?
Bullish
Bearish
98% Bullish
2% Bearish
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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.
Check out NZSE Hype Analysis, NZSE Correlation, Portfolio Optimization, NZSE Volatility, as well as analyze NZSE Alpha and Beta and NZSE Performance. Note that the NZSE information on this page should be used as a complementary analysis to other NZSE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Other Tools for NZSE Index

When running NZSE price analysis, check to measure NZSE'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 NZSE is operating at the current time. Most of NZSE's value examination focuses on studying past and present price action to predict the probability of NZSE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NZSE's price. Additionally, you may evaluate how the addition of NZSE to your portfolios can decrease your overall portfolio volatility.
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