Nl Development (Thailand) Market Value
| NL Stock | 1.13 0.01 0.89% |
| Symbol | Nl Development |
Nl Development '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 Nl Development'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 Nl Development.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nl Development on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nl Development Public or generate 0.0% return on investment in Nl Development over 300 days.
Nl Development 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 Nl Development'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 Nl Development Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 10.35 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 2.86 |
Nl Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nl Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nl Development's standard deviation. In reality, there are many statistical measures that can use Nl Development historical prices to predict the future Nl Development's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.67) |
Nl Development Public Backtested Returns
Nl Development is out of control given 3 months investment horizon. Nl Development Public retains Efficiency (Sharpe Ratio) of 0.11, which conveys that the firm had a 0.11% return per unit of price deviation over the last 3 months. We have analyzed twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.02% are justified by taking the suggested risk. Use Nl Development Public Market Risk Adjusted Performance of (0.66), information ratio of (0.22), and Mean Deviation of 1.62 to evaluate company specific risk that cannot be diversified away. Nl Development holds a performance score of 8 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nl Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nl Development is expected to be smaller as well. Use Nl Development Public potential upside, day median price, and the relationship between the total risk alpha and accumulation distribution , to analyze future returns on Nl Development Public.
Auto-correlation | 0.42 |
Average predictability
Nl Development Public has average predictability. Overlapping area represents the amount of predictability between Nl Development time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Nl Development Public price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Nl Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Nl Development Public lagged returns against current returns
Autocorrelation, which is Nl Development 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 Nl Development's stock expected returns. We can calculate the autocorrelation of Nl Development returns to help us make a trade decision. For example, suppose you find that Nl Development 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 |
Nl Development 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 Nl Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nl Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nl Development stock over time.
Current vs Lagged Prices |
| Timeline |
Nl Development Lagged Returns
When evaluating Nl Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nl Development stock have on its future price. Nl Development 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, Nl Development autocorrelation shows the relationship between Nl Development stock current value and its past values and can show if there is a momentum factor associated with investing in Nl Development Public.
Regressed Prices |
| Timeline |
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