New Plus (Thailand) Market Value
| NPK Stock | THB 12.00 0.40 3.23% |
| Symbol | New |
New Plus '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 New Plus' 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 New Plus.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in New Plus on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding New Plus Knitting or generate 0.0% return on investment in New Plus over 720 days. New Plus is related to or competes with Pan Asia, NEP Realty, Ocean Glass, Metro Systems, and Newcity Public. New Plus Knitting Public Company Limited manufactures and distributes pantyhose socks, under-wears, and other related pr... More
New Plus 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 New Plus' 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 New Plus Knitting upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 5.69 |
New Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Plus' standard deviation. In reality, there are many statistical measures that can use New Plus historical prices to predict the future New Plus' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.216 |
New Plus Knitting Backtested Returns
New Plus Knitting has Sharpe Ratio of -0.0076, which conveys that the firm had a -0.0076% return per unit of risk over the last 3 months. New Plus exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Plus' Mean Deviation of 2.05, standard deviation of 3.03, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning New Plus are expected to decrease at a much lower rate. During the bear market, New Plus is likely to outperform the market. At this point, New Plus Knitting has a negative expected return of -0.0229%. Please make sure to verify New Plus' kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if New Plus Knitting performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
New Plus Knitting has below average predictability. Overlapping area represents the amount of predictability between New Plus time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 New Plus Knitting price movement. The serial correlation of 0.39 indicates that just about 39.0% of current New Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 3.23 |
New Plus Knitting lagged returns against current returns
Autocorrelation, which is New Plus 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 New Plus' stock expected returns. We can calculate the autocorrelation of New Plus returns to help us make a trade decision. For example, suppose you find that New Plus 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 |
New Plus 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 New Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Plus stock over time.
Current vs Lagged Prices |
| Timeline |
New Plus Lagged Returns
When evaluating New Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Plus stock have on its future price. New Plus 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, New Plus autocorrelation shows the relationship between New Plus stock current value and its past values and can show if there is a momentum factor associated with investing in New Plus Knitting.
Regressed Prices |
| Timeline |
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New Plus financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Plus security.