North East (Thailand) Market Value
| NER Stock | THB 4.78 0.02 0.42% |
| Symbol | North |
North East '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 North East'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 North East.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in North East on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding North East Rubbers or generate 0.0% return on investment in North East over 90 days. North East is related to or competes with NCL International, Erawan, Airports, Eastern Technical, Pylon Public, Asian Sea, and Gunkul Engineering. North East Rubbers Public Company Limited engages in the manufacture and sale of rubber products in Thailand, China, Sin... More
North East 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 North East'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 North East Rubbers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.81 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.33 |
North East Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North East's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North East's standard deviation. In reality, there are many statistical measures that can use North East historical prices to predict the future North East's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.31) |
North East Rubbers Backtested Returns
North East Rubbers has Sharpe Ratio of -0.0207, which conveys that the firm had a -0.0207% return per unit of risk over the last 3 months. North East exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify North East's Standard Deviation of 1.82, mean deviation of 1.24, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, North East's returns are expected to increase less than the market. However, during the bear market, the loss of holding North East is expected to be smaller as well. At this point, North East Rubbers has a negative expected return of -0.0368%. Please make sure to verify North East's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if North East Rubbers performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
North East Rubbers has modest reverse predictability. Overlapping area represents the amount of predictability between North East time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 North East Rubbers price movement. The serial correlation of -0.44 indicates that just about 44.0% of current North East price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
North East Rubbers lagged returns against current returns
Autocorrelation, which is North East 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 North East's stock expected returns. We can calculate the autocorrelation of North East returns to help us make a trade decision. For example, suppose you find that North East 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 |
North East 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 North East stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North East stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North East stock over time.
Current vs Lagged Prices |
| Timeline |
North East Lagged Returns
When evaluating North East's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North East stock have on its future price. North East 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, North East autocorrelation shows the relationship between North East stock current value and its past values and can show if there is a momentum factor associated with investing in North East Rubbers.
Regressed Prices |
| Timeline |
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North East financial ratios help investors to determine whether North 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 North with respect to the benefits of owning North East security.