NWSA - Detail Report

Quick Overview

Timeframe	C-C DoR σ (Historical)	H-L DoR σ (Historical)	O-C DoR σ (Historical)	5Y ATRP (Avg)	Binomial IV (Period)	Yahoo IV (Period)	1σ Lower (68.27%)	1σ Upper	2σ Lower (95.45%)	2σ Upper
Daily	1.81%	1.45%	1.57%	2.44%	1.75%	2.02%	23.24	24.07	22.84	24.49
Weekly	3.99%	3.91%	4.00%	5.68%	3.84%	4.44%	22.76	24.58	21.90	25.54
Monthly	8.55%	7.56%	8.42%	12.27%	8.00%	9.25%	21.83	25.62	20.15	27.75
Quarterly	13.37%	13.74%	12.29%	21.45%	13.85%	16.02%	20.59	27.16	17.93	31.20
Annual	—	—	—	—	27.71%	32.03%	17.93	31.20	13.59	41.16
Option Time Horizon	—	—	—	—	10.66%	12.32%	21.26	26.31	19.11	29.27

Calculation Notes: Computed at 2026-02-22T13:01 UTC | Reference Contract: Call option expiring 2026-04-17 (54 days) | Spot Price (S): $23.65 | Strike (K): $25.00 (first OTM call ≥ spot) | Observed Mid-Price: $0.5250 (Bid $0.4000 / Ask $0.6500) | Risk-Free Rate (r): 3.72% (1-Month CMT, US Treasury) | Dividend Yield (q): 0.86% | Binomial IV (Annual): 27.71% (CRR binomial tree, American, n=20 steps) | BS IV: 27.69% (European Black-Scholes) | Yahoo IV (Annual): 32.03% → period-scaled as σ_period = σ_annual·√h | Price bands: Upper = S·e^+σ√h, Lower = S·e^−σ√h

Historical Dividend Payouts

Ex-Dividend Date	Amount
2025-09-10	$0.1000
2025-03-12	$0.1000
2024-09-11	$0.1000
2024-03-12	$0.1000
2023-09-12	$0.1000
2023-03-14	$0.1000
2022-09-13	$0.1000
2022-03-15	$0.1000
2021-09-14	$0.1000
2021-03-16	$0.1000
2020-09-15	$0.1000
2020-03-10	$0.1000
2019-09-10	$0.1000
2019-03-12	$0.1000
2018-09-11	$0.1000
2018-03-13	$0.1000
2017-09-12	$0.1000
2017-03-13	$0.1000
2016-09-12	$0.1000
2016-03-07	$0.1000
2015-09-14	$0.1000

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.08. Further, an Excess Kurtosis of 6.75 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -5.39%	29	0.91%	0.91%
-5.39% to -4.04%	31	0.97%	1.88%
-4.04% to -2.68%	88	2.76%	4.64%
-2.68% to -1.32%	394	12.36%	17.01%
-1.32% to 0.03%	1047	32.85%	49.86%
0.03% to 1.39%	1064	33.39%	83.24%
1.39% to 2.75%	368	11.55%	94.79%
2.75% to 4.10%	113	3.55%	98.34%
4.10% to 5.46%	30	0.94%	99.28%
Greater than 5.46%	23	0.72%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.78%	1.84%	78.32%	68.27%
±2σ	-3.58%	3.65%	95.23%	95.45%
±3σ	-5.39%	5.46%	98.37%	99.73%

Descriptive Statistics

Mean	0.033%
Standard Error	0.032%
Median	0.036%
Mode	0.000%
Standard Deviation	1.809%
Sample Variance	3.272%
Kurtosis	6.75
Skewness	-0.08
Range	27.057%
Minimum	-13.499%
Maximum	13.558%
Count	3187

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.285%	1598	50.14%	0.644%
Negative	-1.283%	1519	47.66%	-0.612%
Zero	0.000%	70	2.20%	0.000%

Average True Range Percentage (ATRP)

Trading Days	Horizon	Average Daily True Range %
5	1 Week	2.11%
20	1 Month	3.00%
60	1 Quarter	2.10%
250	1 Year	2.22%
750	3 Years	2.10%
1,250	5 Years	2.44%
2,500	10 Years	2.51%
5,000	20 Years	2.48%
12,500	50 Years	2.48%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.08. Further, an Excess Kurtosis of 16.61 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -1.95%	0	0.00%	0.00%
-1.95% to -0.86%	0	0.00%	0.00%
-0.86% to 0.22%	0	0.00%	0.00%
0.22% to 1.31%	488	15.31%	15.31%
1.31% to 2.40%	1534	48.12%	63.43%
2.40% to 3.49%	726	22.77%	86.20%
3.49% to 4.58%	232	7.28%	93.48%
4.58% to 5.67%	100	3.14%	96.61%
5.67% to 6.75%	47	1.47%	98.09%
Greater than 6.75%	61	1.91%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	0.95%	3.85%	86.51%	68.27%
±2σ	-0.50%	5.30%	95.61%	95.45%
±3σ	-1.95%	6.75%	98.09%	99.73%

Descriptive Statistics

Mean	2.400%
Standard Error	0.026%
Median	2.041%
Mode	1.949%
Standard Deviation	1.451%
Sample Variance	2.106%
Kurtosis	16.61
Skewness	3.08
Range	16.186%
Minimum	0.506%
Maximum	16.692%
Count	3188

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.400%	3188	100.00%	2.400%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.47. Further, an Excess Kurtosis of 6.11 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -4.67%	16	0.50%	0.50%
-4.67% to -3.50%	37	1.16%	1.66%
-3.50% to -2.32%	117	3.67%	5.33%
-2.32% to -1.15%	395	12.39%	17.72%
-1.15% to 0.03%	1044	32.75%	50.47%
0.03% to 1.21%	1018	31.93%	82.40%
1.21% to 2.38%	381	11.95%	94.35%
2.38% to 3.56%	112	3.51%	97.87%
3.56% to 4.73%	47	1.47%	99.34%
Greater than 4.73%	21	0.66%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.54%	1.60%	76.85%	68.27%
±2σ	-3.11%	3.17%	94.57%	95.45%
±3σ	-4.68%	4.73%	98.84%	99.73%

Descriptive Statistics

Mean	0.029%
Standard Error	0.028%
Median	0.000%
Mode	0.000%
Standard Deviation	1.568%
Sample Variance	2.460%
Kurtosis	6.11
Skewness	0.47
Range	24.091%
Minimum	-9.167%
Maximum	14.924%
Count	3188

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.157%	1579	49.53%	0.573%
Negative	-1.123%	1545	48.46%	-0.544%
Zero	0.000%	64	2.01%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.38. Further, an Excess Kurtosis of 3.35 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -11.80%	6	0.91%	0.91%
-11.80% to -8.81%	10	1.51%	2.42%
-8.81% to -5.82%	19	2.87%	5.30%
-5.82% to -2.83%	75	11.35%	16.64%
-2.83% to 0.16%	215	32.53%	49.17%
0.16% to 3.16%	221	33.43%	82.60%
3.16% to 6.15%	78	11.80%	94.40%
6.15% to 9.14%	25	3.78%	98.18%
9.14% to 12.13%	9	1.36%	99.55%
Greater than 12.13%	3	0.45%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-3.82%	4.15%	77.31%	68.27%
±2σ	-7.81%	8.14%	94.10%	95.45%
±3σ	-11.80%	12.13%	98.64%	99.73%

Descriptive Statistics

Mean	0.164%
Standard Error	0.155%
Median	0.210%
Mode	0.000%
Standard Deviation	3.989%
Sample Variance	15.913%
Kurtosis	3.35
Skewness	-0.38
Range	36.744%
Minimum	-18.836%
Maximum	17.908%
Count	661

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.827%	348	52.65%	1.488%
Negative	-2.870%	305	46.14%	-1.324%
Zero	0.000%	8	1.21%	0.000%

Average True Range Percentage (ATRP)

Weeks	Horizon	Average Weekly True Range %
4	1 Month	8.02%
12	1 Quarter	4.76%
52	1 Year	5.04%
156	3 Years	4.88%
260	5 Years	5.68%
520	10 Years	5.82%
1,040	20 Years	5.71%
2,600	50 Years	5.71%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.19. Further, an Excess Kurtosis of 18.20 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -5.80%	0	0.00%	0.00%
-5.80% to -2.87%	0	0.00%	0.00%
-2.87% to 0.06%	0	0.00%	0.00%
0.06% to 2.99%	95	14.35%	14.35%
2.99% to 5.92%	331	50.00%	64.35%
5.92% to 8.85%	149	22.51%	86.86%
8.85% to 11.78%	46	6.95%	93.81%
11.78% to 14.71%	17	2.57%	96.37%
14.71% to 17.64%	9	1.36%	97.73%
Greater than 17.64%	15	2.27%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	2.01%	9.82%	87.76%	68.27%
±2σ	-1.90%	13.73%	95.47%	95.45%
±3σ	-5.80%	17.64%	97.73%	99.73%

Descriptive Statistics

Mean	5.918%
Standard Error	0.152%
Median	4.816%
Mode	4.197%
Standard Deviation	3.907%
Sample Variance	15.264%
Kurtosis	18.20
Skewness	3.19
Range	42.669%
Minimum	1.371%
Maximum	44.040%
Count	662

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	5.918%	662	100.00%	5.918%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 1.01. Further, an Excess Kurtosis of 4.95 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -11.95%	2	0.30%	0.30%
-11.95% to -8.95%	6	0.91%	1.21%
-8.95% to -5.95%	27	4.08%	5.29%
-5.95% to -2.95%	81	12.24%	17.52%
-2.95% to 0.05%	232	35.05%	52.57%
0.05% to 3.05%	209	31.57%	84.14%
3.05% to 6.04%	67	10.12%	94.26%
6.04% to 9.04%	20	3.02%	97.28%
9.04% to 12.04%	11	1.66%	98.94%
Greater than 12.04%	7	1.06%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-3.95%	4.04%	79.31%	68.27%
±2σ	-7.95%	8.04%	94.11%	95.45%
±3σ	-11.95%	12.04%	98.64%	99.73%

Descriptive Statistics

Mean	0.047%
Standard Error	0.155%
Median	-0.122%
Mode	0.000%
Standard Deviation	3.998%
Sample Variance	15.981%
Kurtosis	4.95
Skewness	1.01
Range	37.165%
Minimum	-13.593%
Maximum	23.572%
Count	662

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.975%	315	47.58%	1.416%
Negative	-2.688%	337	50.91%	-1.368%
Zero	0.000%	10	1.51%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Right Skewed (Positive Asymmetry) with a Skewness factor of 0.62. Further, an Excess Kurtosis of 1.63 proves the distribution possesses Fat Tails (Higher Outlier Risk).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -24.91%	1	0.66%	0.66%
-24.91% to -18.50%	0	0.00%	0.66%
-18.50% to -12.09%	8	5.26%	5.92%
-12.09% to -5.68%	23	15.13%	21.05%
-5.68% to 0.73%	50	32.89%	53.95%
0.73% to 7.14%	41	26.97%	80.92%
7.14% to 13.55%	17	11.18%	92.11%
13.55% to 19.96%	8	5.26%	97.37%
19.96% to 26.37%	3	1.97%	99.34%
Greater than 26.37%	1	0.66%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-7.82%	9.27%	75.00%	68.27%
±2σ	-16.37%	17.82%	93.42%	95.45%
±3σ	-24.91%	26.37%	98.68%	99.73%

Descriptive Statistics

Mean	0.727%
Standard Error	0.693%
Median	0.246%
Mode	-24.922%
Standard Deviation	8.547%
Sample Variance	73.055%
Kurtosis	1.63
Skewness	0.62
Range	59.347%
Minimum	-24.922%
Maximum	34.425%
Count	152

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	6.722%	79	51.97%	3.494%
Negative	-5.840%	72	47.37%	-2.766%
Zero	0.000%	1	0.66%	0.000%

Average True Range Percentage (ATRP)

Months	Horizon	Average Monthly True Range %
3	1 Quarter	9.61%
12	1 Year	10.40%
36	3 Years	10.43%
60	5 Years	12.27%
120	10 Years	12.82%
240	20 Years	12.47%
600	50 Years	12.47%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 2.39. Further, an Excess Kurtosis of 9.53 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -9.21%	0	0.00%	0.00%
-9.21% to -3.54%	0	0.00%	0.00%
-3.54% to 2.13%	0	0.00%	0.00%
2.13% to 7.80%	26	16.99%	16.99%
7.80% to 13.46%	73	47.71%	64.71%
13.46% to 19.13%	27	17.65%	82.35%
19.13% to 24.80%	14	9.15%	91.50%
24.80% to 30.47%	9	5.88%	97.39%
30.47% to 36.14%	2	1.31%	98.69%
Greater than 36.14%	2	1.31%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	5.91%	21.02%	81.05%	68.27%
±2σ	-1.65%	28.58%	96.73%	95.45%
±3σ	-9.21%	36.14%	98.69%	99.73%

Descriptive Statistics

Mean	13.465%
Standard Error	0.611%
Median	11.218%
Mode	8.379%
Standard Deviation	7.559%
Sample Variance	57.132%
Kurtosis	9.53
Skewness	2.39
Range	55.016%
Minimum	4.959%
Maximum	59.975%
Count	153

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	13.465%	153	100.00%	13.465%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.24. Further, an Excess Kurtosis of 1.72 proves the distribution possesses Fat Tails (Higher Outlier Risk).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -25.17%	0	0.00%	0.00%
-25.17% to -18.85%	2	1.31%	1.31%
-18.85% to -12.53%	11	7.19%	8.50%
-12.53% to -6.21%	17	11.11%	19.61%
-6.21% to 0.10%	46	30.07%	49.67%
0.10% to 6.42%	50	32.68%	82.35%
6.42% to 12.74%	16	10.46%	92.81%
12.74% to 19.06%	9	5.88%	98.69%
19.06% to 25.38%	1	0.65%	99.35%
Greater than 25.38%	1	0.65%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-8.32%	8.53%	74.51%	68.27%
±2σ	-16.74%	16.95%	95.42%	95.45%
±3σ	-25.17%	25.38%	99.35%	99.73%

Descriptive Statistics

Mean	0.105%
Standard Error	0.681%
Median	0.185%
Mode	0.000%
Standard Deviation	8.424%
Sample Variance	70.969%
Kurtosis	1.72
Skewness	0.24
Range	59.556%
Minimum	-24.589%
Maximum	34.967%
Count	153

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	6.257%	77	50.33%	3.149%
Negative	-6.294%	74	48.37%	-3.044%
Zero	0.000%	2	1.31%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 1.15. Further, an Excess Kurtosis of 2.36 proves the distribution possesses Fat Tails (Higher Outlier Risk).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -38.27%	0	0.00%	0.00%
-38.27% to -28.24%	0	0.00%	0.00%
-28.24% to -18.21%	1	1.96%	1.96%
-18.21% to -8.19%	9	17.65%	19.61%
-8.19% to 1.84%	18	35.29%	54.90%
1.84% to 11.86%	14	27.45%	82.35%
11.86% to 21.89%	5	9.80%	92.16%
21.89% to 31.92%	2	3.92%	96.08%
31.92% to 41.94%	1	1.96%	98.04%
Greater than 41.94%	1	1.96%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-11.53%	15.21%	72.55%	68.27%
±2σ	-24.90%	28.57%	94.12%	95.45%
±3σ	-38.27%	41.94%	98.04%	99.73%

Descriptive Statistics

Mean	1.838%
Standard Error	1.872%
Median	-0.821%
Mode	-26.515%
Standard Deviation	13.368%
Sample Variance	178.692%
Kurtosis	2.36
Skewness	1.15
Range	74.268%
Minimum	-26.515%
Maximum	47.753%
Count	51

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	12.181%	24	47.06%	5.732%
Negative	-7.355%	27	52.94%	-3.894%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Quarters	Horizon	Average Quarterly True Range %
4	1 Year	16.31%
12	3 Years	18.48%
20	5 Years	21.45%
40	10 Years	22.59%
80	20 Years	21.47%
200	50 Years	21.47%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 2.23. Further, an Excess Kurtosis of 7.61 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -16.89%	0	0.00%	0.00%
-16.89% to -6.58%	0	0.00%	0.00%
-6.58% to 3.72%	0	0.00%	0.00%
3.72% to 14.03%	13	25.00%	25.00%
14.03% to 24.34%	19	36.54%	61.54%
24.34% to 34.65%	11	21.15%	82.69%
34.65% to 44.95%	5	9.62%	92.31%
44.95% to 55.26%	3	5.77%	98.08%
55.26% to 65.57%	0	0.00%	98.08%
Greater than 65.57%	1	1.92%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	10.59%	38.08%	78.85%	68.27%
±2σ	-3.15%	51.83%	96.15%	95.45%
±3σ	-16.89%	65.57%	98.08%	99.73%

Descriptive Statistics

Mean	24.339%
Standard Error	1.906%
Median	21.690%
Mode	9.184%
Standard Deviation	13.744%
Sample Variance	188.906%
Kurtosis	7.61
Skewness	2.23
Range	78.031%
Minimum	9.184%
Maximum	87.215%
Count	52

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	24.339%	52	100.00%	24.339%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.01. Further, an Excess Kurtosis of 1.41 proves the distribution possesses Fat Tails (Higher Outlier Risk).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -36.90%	0	0.00%	0.00%
-36.90% to -27.68%	1	1.92%	1.92%
-27.68% to -18.46%	3	5.77%	7.69%
-18.46% to -9.24%	7	13.46%	21.15%
-9.24% to -0.02%	14	26.92%	48.08%
-0.02% to 9.20%	17	32.69%	80.77%
9.20% to 18.42%	8	15.38%	96.15%
18.42% to 27.64%	1	1.92%	98.08%
27.64% to 36.86%	0	0.00%	98.08%
Greater than 36.86%	1	1.92%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-12.32%	12.27%	73.08%	68.27%
±2σ	-24.61%	24.57%	94.23%	95.45%
±3σ	-36.90%	36.86%	98.08%	99.73%

Descriptive Statistics

Mean	-0.022%
Standard Error	1.705%
Median	0.812%
Mode	-31.392%
Standard Deviation	12.294%
Sample Variance	151.140%
Kurtosis	1.41
Skewness	0.01
Range	70.040%
Minimum	-31.392%
Maximum	38.648%
Count	52

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	8.920%	27	51.92%	4.632%
Negative	-9.680%	25	48.08%	-4.654%
Zero	0.000%	0	0.00%	0.000%

NWSA Deep Analytical Report