Nava Nakorn (Thailand) Market Value
| NNCL Stock | THB 1.72 0.04 2.27% |
| Symbol | Nava |
Nava Nakorn '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 Nava Nakorn'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 Nava Nakorn.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Nava Nakorn on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Nava Nakorn Public or generate 0.0% return on investment in Nava Nakorn over 720 days. Nava Nakorn is related to or competes with NC Housing, LPN Development, Property Perfect, Lalin Property, and Noble Development. Nava Nakorn Public Company Limited operates as a real estate development company in Thailand More
Nava Nakorn 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 Nava Nakorn'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 Nava Nakorn Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 5.49 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.18 |
Nava Nakorn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nava Nakorn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nava Nakorn's standard deviation. In reality, there are many statistical measures that can use Nava Nakorn historical prices to predict the future Nava Nakorn's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.60) |
Nava Nakorn Public Backtested Returns
Nava Nakorn Public has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Nava Nakorn exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nava Nakorn's Standard Deviation of 0.9643, risk adjusted performance of (0.06), and Mean Deviation of 0.6239 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nava Nakorn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nava Nakorn is expected to be smaller as well. At this point, Nava Nakorn Public has a negative expected return of -0.13%. Please make sure to verify Nava Nakorn's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Nava Nakorn Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Nava Nakorn Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Nava Nakorn time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Nava Nakorn Public price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Nava Nakorn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nava Nakorn Public lagged returns against current returns
Autocorrelation, which is Nava Nakorn 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 Nava Nakorn's stock expected returns. We can calculate the autocorrelation of Nava Nakorn returns to help us make a trade decision. For example, suppose you find that Nava Nakorn 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 |
Nava Nakorn 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 Nava Nakorn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nava Nakorn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nava Nakorn stock over time.
Current vs Lagged Prices |
| Timeline |
Nava Nakorn Lagged Returns
When evaluating Nava Nakorn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nava Nakorn stock have on its future price. Nava Nakorn 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, Nava Nakorn autocorrelation shows the relationship between Nava Nakorn stock current value and its past values and can show if there is a momentum factor associated with investing in Nava Nakorn Public.
Regressed Prices |
| Timeline |
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Nava Nakorn financial ratios help investors to determine whether Nava 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 Nava with respect to the benefits of owning Nava Nakorn security.