Netbay Public (Thailand) Market Value
| NETBAY Stock | THB 17.60 2.70 18.12% |
| Symbol | Netbay |
Netbay Public '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 Netbay Public'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 Netbay Public.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Netbay Public on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Netbay Public or generate 0.0% return on investment in Netbay Public over 360 days. Netbay Public is related to or competes with Mega Lifesciences, Carabao Group, Humanica Public, Siam Wellness, and Home Product. Netbay Public Company Limited creates, designs, and develops digital business technology platform and omni channel conne... More
Netbay Public 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 Netbay Public'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 Netbay Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.95 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.49 |
Netbay Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Netbay Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Netbay Public's standard deviation. In reality, there are many statistical measures that can use Netbay Public historical prices to predict the future Netbay Public's volatility.| Risk Adjusted Performance | 0.0258 | |||
| Jensen Alpha | 0.1072 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.22) |
Netbay Public Backtested Returns
At this point, Netbay Public is not too volatile. Netbay Public has Sharpe Ratio of 0.0294, which conveys that the firm had a 0.0294% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Netbay Public, which you can use to evaluate the volatility of the firm. Please verify Netbay Public's Risk Adjusted Performance of 0.0258, downside deviation of 2.28, and Mean Deviation of 2.27 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Netbay Public has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Netbay Public are expected to decrease at a much lower rate. During the bear market, Netbay Public is likely to outperform the market. Netbay Public right now secures a risk of 3.48%. Please verify Netbay Public treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if Netbay Public will be following its current price movements.
Auto-correlation | -0.33 |
Poor reverse predictability
Netbay Public has poor reverse predictability. Overlapping area represents the amount of predictability between Netbay Public time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Netbay Public price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Netbay Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.23 |
Netbay Public lagged returns against current returns
Autocorrelation, which is Netbay Public 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 Netbay Public's stock expected returns. We can calculate the autocorrelation of Netbay Public returns to help us make a trade decision. For example, suppose you find that Netbay Public 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 |
Netbay Public 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 Netbay Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Netbay Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Netbay Public stock over time.
Current vs Lagged Prices |
| Timeline |
Netbay Public Lagged Returns
When evaluating Netbay Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Netbay Public stock have on its future price. Netbay Public 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, Netbay Public autocorrelation shows the relationship between Netbay Public stock current value and its past values and can show if there is a momentum factor associated with investing in Netbay Public.
Regressed Prices |
| Timeline |
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Netbay Public financial ratios help investors to determine whether Netbay 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 Netbay with respect to the benefits of owning Netbay Public security.