NCR PLC (Nigeria) Market Value
| NCR Stock | 7.30 0.00 0.00% |
| Symbol | NCR |
NCR PLC '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 NCR PLC'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 NCR PLC.
| 02/04/2025 |
| 03/06/2025 |
If you would invest 0.00 in NCR PLC on February 4, 2025 and sell it all today you would earn a total of 0.00 from holding NCR PLC or generate 0.0% return on investment in NCR PLC over 30 days.
NCR PLC 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 NCR PLC'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 NCR PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2432 | |||
| Maximum Drawdown | 14.29 | |||
| Potential Upside | 9.77 |
NCR PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NCR PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NCR PLC's standard deviation. In reality, there are many statistical measures that can use NCR PLC historical prices to predict the future NCR PLC's volatility.| Risk Adjusted Performance | 0.1837 | |||
| Jensen Alpha | 0.6952 | |||
| Total Risk Alpha | 0.9573 | |||
| Treynor Ratio | 21.26 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NCR PLC'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.
NCR PLC Backtested Returns
NCR PLC appears to be somewhat reliable, given 3 months investment horizon. NCR PLC has Sharpe Ratio of 0.26, which conveys that the company had a 0.26 % return per unit of standard deviation over the last 3 months. By inspecting NCR PLC's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please exercise NCR PLC's mean deviation of 1.7, and Standard Deviation of 3.12 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NCR PLC holds a performance score of 20. The firm secures a Beta (Market Risk) of 0.0326, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NCR PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding NCR PLC is expected to be smaller as well. Please check NCR PLC's standard deviation, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether NCR PLC's current price movements will revert.
Auto-correlation | 1.00 |
Perfect predictability
NCR PLC has perfect predictability. Overlapping area represents the amount of predictability between NCR PLC time series from 4th of February 2025 to 19th of February 2025 and 19th of February 2025 to 6th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NCR PLC price movement. The serial correlation of 1.0 indicates that 100.0% of current NCR PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NCR PLC lagged returns against current returns
Autocorrelation, which is NCR PLC 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 NCR PLC's stock expected returns. We can calculate the autocorrelation of NCR PLC returns to help us make a trade decision. For example, suppose you find that NCR PLC 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 |
NCR PLC 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 NCR PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NCR PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NCR PLC stock over time.
Current vs Lagged Prices |
| Timeline |
NCR PLC Lagged Returns
When evaluating NCR PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NCR PLC stock have on its future price. NCR PLC 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, NCR PLC autocorrelation shows the relationship between NCR PLC stock current value and its past values and can show if there is a momentum factor associated with investing in NCR 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.Additional Tools for NCR Stock Analysis
When running NCR PLC's price analysis, check to measure NCR PLC'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 NCR PLC is operating at the current time. Most of NCR PLC's value examination focuses on studying past and present price action to predict the probability of NCR PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NCR PLC's price. Additionally, you may evaluate how the addition of NCR PLC to your portfolios can decrease your overall portfolio volatility.