NMDC (India) Market Value
| NMDC Stock | 220.77 3.14 1.44% |
| Symbol | NMDC |
NMDC '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 NMDC'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 NMDC.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in NMDC on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding NMDC Limited or generate 0.0% return on investment in NMDC over 720 days. NMDC is related to or competes with Ratnamani Metals, Investment Trust, Alkali Metals, Tube Investments, and ILFS Investment. NMDC is entity of India. It is traded as Stock on NSE exchange. More
NMDC 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 NMDC'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 NMDC Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.71 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 3.96 |
NMDC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NMDC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NMDC's standard deviation. In reality, there are many statistical measures that can use NMDC historical prices to predict the future NMDC's volatility.| Risk Adjusted Performance | 0.0129 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0633 |
NMDC Limited Backtested Returns
NMDC Limited has Sharpe Ratio of -0.0121, which conveys that the firm had a -0.0121% return per unit of risk over the last 3 months. NMDC exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NMDC's risk adjusted performance of 0.0129, and Mean Deviation of 1.78 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NMDC's returns are expected to increase less than the market. However, during the bear market, the loss of holding NMDC is expected to be smaller as well. At this point, NMDC Limited has a negative expected return of -0.0263%. Please make sure to verify NMDC's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if NMDC Limited performance from the past will be repeated in the future.
Auto-correlation | -0.21 |
Weak reverse predictability
NMDC Limited has weak reverse predictability. Overlapping area represents the amount of predictability between NMDC time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 NMDC Limited price movement. The serial correlation of -0.21 indicates that over 21.0% of current NMDC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 519.0 |
NMDC Limited lagged returns against current returns
Autocorrelation, which is NMDC 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 NMDC's stock expected returns. We can calculate the autocorrelation of NMDC returns to help us make a trade decision. For example, suppose you find that NMDC 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 |
NMDC 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 NMDC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NMDC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NMDC stock over time.
Current vs Lagged Prices |
| Timeline |
NMDC Lagged Returns
When evaluating NMDC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NMDC stock have on its future price. NMDC 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, NMDC autocorrelation shows the relationship between NMDC stock current value and its past values and can show if there is a momentum factor associated with investing in NMDC Limited.
Regressed Prices |
| Timeline |
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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.Additional Tools for NMDC Stock Analysis
When running NMDC's price analysis, check to measure NMDC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NMDC is operating at the current time. Most of NMDC's value examination focuses on studying past and present price action to predict the probability of NMDC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NMDC's price. Additionally, you may evaluate how the addition of NMDC to your portfolios can decrease your overall portfolio volatility.