Nfc PLC (Thailand) Market Value
| NFC Stock | THB 1.70 0.01 0.58% |
| Symbol | Nfc |
Nfc PLC '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 Nfc PLC'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 Nfc PLC.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nfc PLC on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nfc PLC or generate 0.0% return on investment in Nfc PLC over 30 days. Nfc PLC is related to or competes with Lam Soon, Newcity Public, Metro Systems, Nonthavej Hospital, and Nawarat Patanakarn. NFC Public Company Limited, together with its subsidiaries, engages in the sale of chemical products and other chemical ... More
Nfc PLC 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 Nfc PLC'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 Nfc PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 34.84 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 8.02 |
Nfc PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nfc PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nfc PLC's standard deviation. In reality, there are many statistical measures that can use Nfc PLC historical prices to predict the future Nfc PLC's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (1.16) | |||
| Treynor Ratio | 1.06 |
Nfc PLC Backtested Returns
Nfc PLC is out of control given 3 months investment horizon. Nfc PLC has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down twenty-three different technical indicators, which can help you to evaluate if expected returns of 13.62% are justified by taking the suggested risk. Use Nfc PLC Mean Deviation of 2.7, risk adjusted performance of (0.06), and Standard Deviation of 4.59 to evaluate company specific risk that cannot be diversified away. Nfc PLC holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nfc PLC are expected to decrease at a much lower rate. During the bear market, Nfc PLC is likely to outperform the market. Use Nfc PLC jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to analyze future returns on Nfc PLC.
Auto-correlation | 0.10 |
Insignificant predictability
Nfc PLC has insignificant predictability. Overlapping area represents the amount of predictability between Nfc PLC time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Nfc PLC price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Nfc PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nfc PLC lagged returns against current returns
Autocorrelation, which is Nfc PLC 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 Nfc PLC's stock expected returns. We can calculate the autocorrelation of Nfc PLC returns to help us make a trade decision. For example, suppose you find that Nfc PLC 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 |
Nfc PLC 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 Nfc PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nfc PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nfc PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Nfc PLC Lagged Returns
When evaluating Nfc PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nfc PLC stock have on its future price. Nfc PLC 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, Nfc PLC autocorrelation shows the relationship between Nfc PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Nfc PLC.
Regressed Prices |
| Timeline |
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Nfc PLC financial ratios help investors to determine whether Nfc 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 Nfc with respect to the benefits of owning Nfc PLC security.