NOTORE CHEMICAL (Nigeria) Market Value
| NOTORE Stock | 62.50 0.00 0.00% |
| Symbol | NOTORE |
NOTORE CHEMICAL '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 NOTORE CHEMICAL'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 NOTORE CHEMICAL.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in NOTORE CHEMICAL on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding NOTORE CHEMICAL IND or generate 0.0% return on investment in NOTORE CHEMICAL over 690 days.
NOTORE CHEMICAL 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 NOTORE CHEMICAL'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 NOTORE CHEMICAL IND upside and downside potential and time the market with a certain degree of confidence.
NOTORE CHEMICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOTORE CHEMICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NOTORE CHEMICAL's standard deviation. In reality, there are many statistical measures that can use NOTORE CHEMICAL historical prices to predict the future NOTORE CHEMICAL's volatility.NOTORE CHEMICAL IND Backtested Returns
We have found three technical indicators for NOTORE CHEMICAL, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NOTORE CHEMICAL are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
NOTORE CHEMICAL IND has no correlation between past and present. Overlapping area represents the amount of predictability between NOTORE CHEMICAL time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 NOTORE CHEMICAL IND price movement. The serial correlation of 0.0 indicates that just 0.0% of current NOTORE CHEMICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NOTORE CHEMICAL IND lagged returns against current returns
Autocorrelation, which is NOTORE CHEMICAL 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 NOTORE CHEMICAL's stock expected returns. We can calculate the autocorrelation of NOTORE CHEMICAL returns to help us make a trade decision. For example, suppose you find that NOTORE CHEMICAL 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 |
NOTORE CHEMICAL 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 NOTORE CHEMICAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NOTORE CHEMICAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NOTORE CHEMICAL stock over time.
Current vs Lagged Prices |
| Timeline |
NOTORE CHEMICAL Lagged Returns
When evaluating NOTORE CHEMICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NOTORE CHEMICAL stock have on its future price. NOTORE CHEMICAL 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, NOTORE CHEMICAL autocorrelation shows the relationship between NOTORE CHEMICAL stock current value and its past values and can show if there is a momentum factor associated with investing in NOTORE CHEMICAL IND.
Regressed Prices |
| Timeline |