NCC Group (UK) Market Value
| NCC Stock | 144.20 2.60 1.84% |
| Symbol | NCC |
NCC Group '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 NCC Group'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 NCC Group.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in NCC Group on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding NCC Group plc or generate 0.0% return on investment in NCC Group over 720 days. NCC Group is related to or competes with Allianz Technology, Gaming Realms, Hochschild Mining, International Biotechnology, Fresenius Medical, Advanced Medical, and Ocean Harvest. NCC Group is entity of United Kingdom. It is traded as Stock on LSE exchange. More
NCC Group 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 NCC Group'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 NCC Group plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 19.46 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.79 |
NCC Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NCC Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NCC Group's standard deviation. In reality, there are many statistical measures that can use NCC Group historical prices to predict the future NCC Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.48) |
NCC Group plc Backtested Returns
NCC Group plc retains Efficiency (Sharpe Ratio) of -0.0905, which conveys that the company had a -0.0905% return per unit of risk over the last 3 months. NCC Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NCC Group's Mean Deviation of 1.64, coefficient of variation of (921.30), and Market Risk Adjusted Performance of (0.47) to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NCC Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding NCC Group is expected to be smaller as well. At this point, NCC Group plc has a negative expected return of -0.23%. Please make sure to verify NCC Group's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if NCC Group plc performance from the past will be repeated in the future.
Auto-correlation | -0.58 |
Good reverse predictability
NCC Group plc has good reverse predictability. Overlapping area represents the amount of predictability between NCC Group time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 NCC Group plc price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current NCC Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 300.28 |
NCC Group plc lagged returns against current returns
Autocorrelation, which is NCC Group 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 NCC Group's stock expected returns. We can calculate the autocorrelation of NCC Group returns to help us make a trade decision. For example, suppose you find that NCC Group 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 |
NCC Group 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 NCC Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NCC Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NCC Group stock over time.
Current vs Lagged Prices |
| Timeline |
NCC Group Lagged Returns
When evaluating NCC Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NCC Group stock have on its future price. NCC Group 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, NCC Group autocorrelation shows the relationship between NCC Group stock current value and its past values and can show if there is a momentum factor associated with investing in NCC Group plc.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in NCC Stock
NCC Group financial ratios help investors to determine whether NCC 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 NCC with respect to the benefits of owning NCC Group security.