Nagacorp Stock Market Value
| NGCRF Stock | USD 0.38 0.01 2.70% |
| Symbol | Nagacorp |
Nagacorp '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 Nagacorp's pink sheet 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 Nagacorp.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nagacorp on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nagacorp or generate 0.0% return on investment in Nagacorp over 60 days. Nagacorp is related to or competes with Wynn Macau, MGM China, Table Trac, SkyCity Entertainment, MGM China, Full House, and Monarch Casino. NagaCorp Ltd., an investment holding company, manages and operates a hotel and casino complex in the Kingdom of Cambodia More
Nagacorp 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 Nagacorp's pink sheet 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 Nagacorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0083 | |||
| Maximum Drawdown | 41.95 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 10.81 |
Nagacorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nagacorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nagacorp's standard deviation. In reality, there are many statistical measures that can use Nagacorp historical prices to predict the future Nagacorp's volatility.| Risk Adjusted Performance | 0.0341 | |||
| Jensen Alpha | 0.1797 | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (1.03) |
Nagacorp Backtested Returns
Nagacorp 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. Nagacorp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nagacorp's Standard Deviation of 5.1, mean deviation of 1.85, and Risk Adjusted Performance of 0.0341 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nagacorp are expected to decrease at a much lower rate. During the bear market, Nagacorp is likely to outperform the market. At this point, Nagacorp has a negative expected return of -0.0424%. Please make sure to verify Nagacorp's jensen alpha, as well as the relationship between the skewness and day median price , to decide if Nagacorp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Nagacorp has good predictability. Overlapping area represents the amount of predictability between Nagacorp time series from 27th of September 2024 to 27th of October 2024 and 27th 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 Nagacorp price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Nagacorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nagacorp lagged returns against current returns
Autocorrelation, which is Nagacorp pink sheet'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 Nagacorp's pink sheet expected returns. We can calculate the autocorrelation of Nagacorp returns to help us make a trade decision. For example, suppose you find that Nagacorp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nagacorp 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 Nagacorp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nagacorp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nagacorp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nagacorp Lagged Returns
When evaluating Nagacorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nagacorp pink sheet have on its future price. Nagacorp 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, Nagacorp autocorrelation shows the relationship between Nagacorp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nagacorp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nagacorp Pink Sheet
Nagacorp financial ratios help investors to determine whether Nagacorp Pink Sheet 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 Nagacorp with respect to the benefits of owning Nagacorp security.