Navakij Insurance (Thailand) Market Value
| NKI Stock | THB 24.90 0.00 0.00% |
| Symbol | Navakij |
Navakij Insurance '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 Navakij Insurance'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 Navakij Insurance.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Navakij Insurance on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding The Navakij Insurance or generate 0.0% return on investment in Navakij Insurance over 30 days. Navakij Insurance is related to or competes with Ocean Glass, Pan Asia, Nonthavej Hospital, Newcity Public, and OCC Public. The Navakij Insurance Public Company Limited provides non-life insurance products in Thailand More
Navakij Insurance 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 Navakij Insurance'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 The Navakij Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.37 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.41 |
Navakij Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navakij Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navakij Insurance's standard deviation. In reality, there are many statistical measures that can use Navakij Insurance historical prices to predict the future Navakij Insurance's volatility.| Risk Adjusted Performance | 4.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (2.36) |
Navakij Insurance Backtested Returns
As of now, Navakij Stock is very steady. Navakij Insurance has Sharpe Ratio of 0.0045, which conveys that the firm had a 0.0045% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Navakij Insurance, which you can use to evaluate the volatility of the firm. Please verify Navakij Insurance's Market Risk Adjusted Performance of (2.35), standard deviation of 0.9072, and Risk Adjusted Performance of 4.0E-4 to check out if the risk estimate we provide is consistent with the expected return of 0.0041%. The company secures a Beta (Market Risk) of 0.0051, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Navakij Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Navakij Insurance is expected to be smaller as well. Navakij Insurance right now secures a risk of 0.92%. Please verify The Navakij Insurance information ratio, maximum drawdown, and the relationship between the variance and jensen alpha , to decide if The Navakij Insurance will be following its current price movements.
Auto-correlation | -0.09 |
Very weak reverse predictability
The Navakij Insurance has very weak reverse predictability. Overlapping area represents the amount of predictability between Navakij Insurance time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Navakij Insurance price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Navakij Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Navakij Insurance lagged returns against current returns
Autocorrelation, which is Navakij Insurance 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 Navakij Insurance's stock expected returns. We can calculate the autocorrelation of Navakij Insurance returns to help us make a trade decision. For example, suppose you find that Navakij Insurance 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 |
Navakij Insurance 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 Navakij Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navakij Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navakij Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Navakij Insurance Lagged Returns
When evaluating Navakij Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navakij Insurance stock have on its future price. Navakij Insurance 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, Navakij Insurance autocorrelation shows the relationship between Navakij Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in The Navakij Insurance.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Navakij Stock
Navakij Insurance financial ratios help investors to determine whether Navakij 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 Navakij with respect to the benefits of owning Navakij Insurance security.