NAT ABSOLUTE (Thailand) Market Value
| NAT Stock | 4.36 0.04 0.93% |
| Symbol | NAT |
NAT ABSOLUTE '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 NAT ABSOLUTE'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 NAT ABSOLUTE.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in NAT ABSOLUTE on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding NAT ABSOLUTE TECHNOLOGIES or generate 0.0% return on investment in NAT ABSOLUTE over 510 days.
NAT ABSOLUTE 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 NAT ABSOLUTE'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 NAT ABSOLUTE TECHNOLOGIES upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.99 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 3.81 |
NAT ABSOLUTE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NAT ABSOLUTE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NAT ABSOLUTE's standard deviation. In reality, there are many statistical measures that can use NAT ABSOLUTE historical prices to predict the future NAT ABSOLUTE's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0067 | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.1088 |
NAT ABSOLUTE TECHNOLOGIES Backtested Returns
NAT ABSOLUTE TECHNOLOGIES has Sharpe Ratio of -0.0266, which conveys that the company had a -0.0266% return per unit of standard deviation over the last 3 months. NAT ABSOLUTE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NAT ABSOLUTE's standard deviation of 2.5, and Mean Deviation of 1.63 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NAT ABSOLUTE are expected to decrease at a much lower rate. During the bear market, NAT ABSOLUTE is likely to outperform the market. At this point, NAT ABSOLUTE TECHNOLOGIES has a negative expected return of -0.0676%. Please make sure to verify NAT ABSOLUTE's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if NAT ABSOLUTE TECHNOLOGIES performance from the past will be repeated at future time.
Auto-correlation | 0.61 |
Good predictability
NAT ABSOLUTE TECHNOLOGIES has good predictability. Overlapping area represents the amount of predictability between NAT ABSOLUTE time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 NAT ABSOLUTE TECHNOLOGIES price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current NAT ABSOLUTE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
NAT ABSOLUTE TECHNOLOGIES lagged returns against current returns
Autocorrelation, which is NAT ABSOLUTE 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 NAT ABSOLUTE's stock expected returns. We can calculate the autocorrelation of NAT ABSOLUTE returns to help us make a trade decision. For example, suppose you find that NAT ABSOLUTE 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 |
NAT ABSOLUTE 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 NAT ABSOLUTE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NAT ABSOLUTE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NAT ABSOLUTE stock over time.
Current vs Lagged Prices |
| Timeline |
NAT ABSOLUTE Lagged Returns
When evaluating NAT ABSOLUTE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NAT ABSOLUTE stock have on its future price. NAT ABSOLUTE 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, NAT ABSOLUTE autocorrelation shows the relationship between NAT ABSOLUTE stock current value and its past values and can show if there is a momentum factor associated with investing in NAT ABSOLUTE TECHNOLOGIES.
Regressed Prices |
| Timeline |
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