National Drilling (Egypt) Market Value
| NDRL Stock | 4.69 0.00 0.00% |
| Symbol | National |
National Drilling '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 National Drilling'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 National Drilling.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in National Drilling on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding National Drilling or generate 0.0% return on investment in National Drilling over 480 days.
National Drilling 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 National Drilling'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 National Drilling upside and downside potential and time the market with a certain degree of confidence.
National Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Drilling's standard deviation. In reality, there are many statistical measures that can use National Drilling historical prices to predict the future National Drilling's volatility.National Drilling Backtested Returns
We have found three technical indicators for National Drilling, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and National Drilling are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
National Drilling has no correlation between past and present. Overlapping area represents the amount of predictability between National Drilling time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 National Drilling price movement. The serial correlation of 0.0 indicates that just 0.0% of current National Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
National Drilling lagged returns against current returns
Autocorrelation, which is National Drilling 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 National Drilling's stock expected returns. We can calculate the autocorrelation of National Drilling returns to help us make a trade decision. For example, suppose you find that National Drilling 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 |
National Drilling 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 National Drilling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Drilling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Drilling stock over time.
Current vs Lagged Prices |
| Timeline |
National Drilling Lagged Returns
When evaluating National Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Drilling stock have on its future price. National Drilling 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, National Drilling autocorrelation shows the relationship between National Drilling stock current value and its past values and can show if there is a momentum factor associated with investing in National Drilling.
Regressed Prices |
| Timeline |