NELCO (India) Market Value
| NELCO Stock | 1,379 19.10 1.40% |
| Symbol | NELCO |
NELCO '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 NELCO'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 NELCO.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in NELCO on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding NELCO Limited or generate 0.0% return on investment in NELCO over 30 days. NELCO is related to or competes with Bajaj Healthcare, Tata Communications, Apollo Hospitals, Entero Healthcare, Zota Health, Paramount Communications, and Byke Hospitality. NELCO is entity of India. It is traded as Stock on NSE exchange. More
NELCO 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 NELCO'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 NELCO Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | 0.0237 | |||
| Maximum Drawdown | 23.81 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 7.05 |
NELCO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NELCO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NELCO's standard deviation. In reality, there are many statistical measures that can use NELCO historical prices to predict the future NELCO's volatility.| Risk Adjusted Performance | 0.0487 | |||
| Jensen Alpha | 0.0475 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0308 | |||
| Treynor Ratio | 0.1489 |
NELCO Limited Backtested Returns
NELCO appears to be very steady, given 3 months investment horizon. NELCO Limited has Sharpe Ratio of 0.0682, which conveys that the firm had a 0.0682% return per unit of volatility over the last 3 months. We have found thirty technical indicators for NELCO, which you can use to evaluate the volatility of the firm. Please exercise NELCO's risk adjusted performance of 0.0487, and Mean Deviation of 2.63 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NELCO holds a performance score of 5. The company secures a Beta (Market Risk) of 1.38, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NELCO will likely underperform. Please check NELCO's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether NELCO's current price movements will revert.
Auto-correlation | 0.51 |
Modest predictability
NELCO Limited has modest predictability. Overlapping area represents the amount of predictability between NELCO time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 NELCO Limited price movement. The serial correlation of 0.51 indicates that about 51.0% of current NELCO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 18.1 K |
NELCO Limited lagged returns against current returns
Autocorrelation, which is NELCO 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 NELCO's stock expected returns. We can calculate the autocorrelation of NELCO returns to help us make a trade decision. For example, suppose you find that NELCO 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 |
NELCO 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 NELCO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NELCO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NELCO stock over time.
Current vs Lagged Prices |
| Timeline |
NELCO Lagged Returns
When evaluating NELCO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NELCO stock have on its future price. NELCO 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, NELCO autocorrelation shows the relationship between NELCO stock current value and its past values and can show if there is a momentum factor associated with investing in NELCO Limited.
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 NELCO Stock
NELCO financial ratios help investors to determine whether NELCO 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 NELCO with respect to the benefits of owning NELCO security.