Nirvana Daii (Thailand) Market Value
| NVD Stock | THB 1.40 0.01 0.71% |
| Symbol | Nirvana |
Nirvana Daii '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 Nirvana Daii'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 Nirvana Daii.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Nirvana Daii on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nirvana Daii Public or generate 0.0% return on investment in Nirvana Daii over 30 days. Nirvana Daii is related to or competes with Mono Next, Singha Estate, Nusasiri Public, Nava Nakorn, and LPN Development. Nirvana Daii Public Company Limited, together with its subsidiaries, develops and sells real estate properties More
Nirvana Daii 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 Nirvana Daii'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 Nirvana Daii Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 9.63 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 1.4 |
Nirvana Daii Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nirvana Daii's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nirvana Daii's standard deviation. In reality, there are many statistical measures that can use Nirvana Daii historical prices to predict the future Nirvana Daii's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.83) |
Nirvana Daii Public Backtested Returns
Nirvana Daii Public has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Nirvana Daii exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nirvana Daii's Mean Deviation of 1.12, standard deviation of 1.6, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nirvana Daii's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nirvana Daii is expected to be smaller as well. At this point, Nirvana Daii Public has a negative expected return of -0.27%. Please make sure to verify Nirvana Daii's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Nirvana Daii Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Nirvana Daii Public has good predictability. Overlapping area represents the amount of predictability between Nirvana Daii time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Nirvana Daii Public price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Nirvana Daii price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nirvana Daii Public lagged returns against current returns
Autocorrelation, which is Nirvana Daii 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 Nirvana Daii's stock expected returns. We can calculate the autocorrelation of Nirvana Daii returns to help us make a trade decision. For example, suppose you find that Nirvana Daii 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 |
Nirvana Daii 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 Nirvana Daii stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nirvana Daii stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nirvana Daii stock over time.
Current vs Lagged Prices |
| Timeline |
Nirvana Daii Lagged Returns
When evaluating Nirvana Daii's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nirvana Daii stock have on its future price. Nirvana Daii 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, Nirvana Daii autocorrelation shows the relationship between Nirvana Daii stock current value and its past values and can show if there is a momentum factor associated with investing in Nirvana Daii Public.
Regressed Prices |
| Timeline |
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Nirvana Daii financial ratios help investors to determine whether Nirvana 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 Nirvana with respect to the benefits of owning Nirvana Daii security.