NBT (Korea) Market Value
| 236810 Stock | KRW 3,400 5.00 0.15% |
| Symbol | NBT |
NBT '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 NBT'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 NBT.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in NBT on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding NBT Inc or generate 0.0% return on investment in NBT over 720 days. NBT is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. NBT inc. provides mobile advertisement services in South Korea More
NBT 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 NBT'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 NBT Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 27.49 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.06 |
NBT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBT's standard deviation. In reality, there are many statistical measures that can use NBT historical prices to predict the future NBT's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 1.83 |
NBT Inc Backtested Returns
NBT Inc has Sharpe Ratio of -0.0199, which conveys that the company had a -0.0199% return per unit of standard deviation over the last 3 months. NBT exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NBT's standard deviation of 3.19, and Mean Deviation of 2.06 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -0.0969, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NBT are expected to decrease at a much lower rate. During the bear market, NBT is likely to outperform the market. At this point, NBT Inc has a negative expected return of -0.0652%. Please make sure to verify NBT's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if NBT Inc performance from the past will be repeated at future time.
Auto-correlation | -0.07 |
Very weak reverse predictability
NBT Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between NBT time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 NBT Inc price movement. The serial correlation of -0.07 indicates that barely 7.0% of current NBT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 3.3 M |
NBT Inc lagged returns against current returns
Autocorrelation, which is NBT 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 NBT's stock expected returns. We can calculate the autocorrelation of NBT returns to help us make a trade decision. For example, suppose you find that NBT 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 |
NBT 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 NBT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBT stock over time.
Current vs Lagged Prices |
| Timeline |
NBT Lagged Returns
When evaluating NBT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBT stock have on its future price. NBT 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, NBT autocorrelation shows the relationship between NBT stock current value and its past values and can show if there is a momentum factor associated with investing in NBT Inc.
Regressed Prices |
| Timeline |
Pair Trading with NBT
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NBT position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NBT will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to NBT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NBT when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NBT - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NBT Inc to buy it.
The correlation of NBT is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NBT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NBT Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NBT can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in NBT Stock
NBT financial ratios help investors to determine whether NBT 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 NBT with respect to the benefits of owning NBT security.