Nonthavej Hospital (Thailand) Market Value
| NTV Stock | THB 31.00 0.25 0.80% |
| Symbol | Nonthavej |
Nonthavej Hospital '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 Nonthavej Hospital'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 Nonthavej Hospital.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Nonthavej Hospital on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Nonthavej Hospital Public or generate 0.0% return on investment in Nonthavej Hospital over 510 days. Nonthavej Hospital is related to or competes with Bumrungrad Hospital, Aikchol Hospital, Ramkhamhaeng Hospital, Wattana Karnpaet, and Thonburi Medical. Nonthavej Hospital Public Company Limited operates as a tertiary care private hospital in Thailand More
Nonthavej Hospital 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 Nonthavej Hospital'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 Nonthavej Hospital Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.57 |
Nonthavej Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nonthavej Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nonthavej Hospital's standard deviation. In reality, there are many statistical measures that can use Nonthavej Hospital historical prices to predict the future Nonthavej Hospital's volatility.| Risk Adjusted Performance | 0.0274 | |||
| Jensen Alpha | 0.0204 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.73) |
Nonthavej Hospital Public Backtested Returns
Nonthavej Hospital is out of control given 3 months investment horizon. Nonthavej Hospital Public has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.3% are justified by taking the suggested risk. Use Nonthavej Hospital Public Downside Deviation of 1.07, risk adjusted performance of 0.0274, and Mean Deviation of 0.5468 to evaluate company specific risk that cannot be diversified away. Nonthavej Hospital holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.0242, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nonthavej Hospital are expected to decrease at a much lower rate. During the bear market, Nonthavej Hospital is likely to outperform the market. Use Nonthavej Hospital Public value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to analyze future returns on Nonthavej Hospital Public.
Auto-correlation | 0.43 |
Average predictability
Nonthavej Hospital Public has average predictability. Overlapping area represents the amount of predictability between Nonthavej Hospital time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 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 Nonthavej Hospital Public price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Nonthavej Hospital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 10.89 |
Nonthavej Hospital Public lagged returns against current returns
Autocorrelation, which is Nonthavej Hospital 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 Nonthavej Hospital's stock expected returns. We can calculate the autocorrelation of Nonthavej Hospital returns to help us make a trade decision. For example, suppose you find that Nonthavej Hospital 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 |
Nonthavej Hospital 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 Nonthavej Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nonthavej Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nonthavej Hospital stock over time.
Current vs Lagged Prices |
| Timeline |
Nonthavej Hospital Lagged Returns
When evaluating Nonthavej Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nonthavej Hospital stock have on its future price. Nonthavej Hospital 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, Nonthavej Hospital autocorrelation shows the relationship between Nonthavej Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Nonthavej Hospital Public.
Regressed Prices |
| Timeline |
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Nonthavej Hospital financial ratios help investors to determine whether Nonthavej 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 Nonthavej with respect to the benefits of owning Nonthavej Hospital security.