NLC India (India) Market Value
| NLCINDIA | 263.90 0.80 0.30% |
| Symbol | NLC |
NLC India '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 NLC India'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 NLC India.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in NLC India on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding NLC India Limited or generate 0.0% return on investment in NLC India over 30 days. NLC India is related to or competes with Action Construction, Shyam Metalics, Clean Science, Alkali Metals, Ratnamani Metals, Madhav Copper, and Garuda Construction. NLC India is entity of India. It is traded as Stock on NSE exchange. More
NLC India 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 NLC India'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 NLC India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.03 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 3.77 |
NLC India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NLC India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NLC India's standard deviation. In reality, there are many statistical measures that can use NLC India historical prices to predict the future NLC India's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.27) |
NLC India Limited Backtested Returns
NLC India Limited retains Efficiency (Sharpe Ratio) of -0.0257, which conveys that the firm had a -0.0257% return per unit of risk over the last 3 months. NLC India exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NLC India's Mean Deviation of 1.79, coefficient of variation of (8,833), and Market Risk Adjusted Performance of (0.26) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NLC India's returns are expected to increase less than the market. However, during the bear market, the loss of holding NLC India is expected to be smaller as well. At this point, NLC India Limited has a negative expected return of -0.0615%. Please make sure to verify NLC India's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if NLC India Limited performance from the past will be repeated in the future.
Auto-correlation | -0.49 |
Modest reverse predictability
NLC India Limited has modest reverse predictability. Overlapping area represents the amount of predictability between NLC India time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 NLC India Limited price movement. The serial correlation of -0.49 indicates that about 49.0% of current NLC India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 84.47 |
NLC India Limited lagged returns against current returns
Autocorrelation, which is NLC India 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 NLC India's stock expected returns. We can calculate the autocorrelation of NLC India returns to help us make a trade decision. For example, suppose you find that NLC India 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 |
NLC India 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 NLC India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NLC India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NLC India stock over time.
Current vs Lagged Prices |
| Timeline |
NLC India Lagged Returns
When evaluating NLC India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NLC India stock have on its future price. NLC India 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, NLC India autocorrelation shows the relationship between NLC India stock current value and its past values and can show if there is a momentum factor associated with investing in NLC India Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NLC Stock
NLC India financial ratios help investors to determine whether NLC 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 NLC with respect to the benefits of owning NLC India security.