North East (Thailand) Market Value
| NER Stock | THB 4.80 0.16 3.23% |
| 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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in North East on October 24, 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 30 days. North East is related to or competes with Megachem Public, NCL International, Erawan, Airports, Eastern Technical, Pylon Public, and Asian Sea. 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.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.81 | |||
| Value At Risk | (2.83) | |||
| 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 | 0.0216 | |||
| Jensen Alpha | 0.023 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.6722 |
North East Rubbers Backtested Returns
As of now, North Stock is slightly risky. North East Rubbers has Sharpe Ratio of 0.0089, which conveys that the firm had a 0.0089% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for North East, which you can use to evaluate the volatility of the firm. Please verify North East's Risk Adjusted Performance of 0.0216, mean deviation of 1.22, and Downside Deviation of 1.72 to check out if the risk estimate we provide is consistent with the expected return of 0.0163%. The company secures a Beta (Market Risk) of 0.0402, 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. North East Rubbers right now secures a risk of 1.83%. Please verify North East Rubbers maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if North East Rubbers will be following its current price movements.
Auto-correlation | 0.06 |
Virtually no predictability
North East Rubbers has virtually no predictability. Overlapping area represents the amount of predictability between North East time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 0.06 indicates that barely 6.0% of current North East price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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.