Nawarat Patanakarn (Thailand) Market Value
| NWR Stock | THB 0.17 0.01 5.56% |
| Symbol | Nawarat |
Nawarat Patanakarn '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 Nawarat Patanakarn'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 Nawarat Patanakarn.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Nawarat Patanakarn on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nawarat Patanakarn Public or generate 0.0% return on investment in Nawarat Patanakarn over 30 days. Nawarat Patanakarn is related to or competes with Tata Steel, Thaifoods Group, TMT Steel, Erawan, Airports, Eastern Technical, and Pylon Public. Nawarat Patanakarn Public Company Limited provides construction contracting services to the government agencies, state e... More
Nawarat Patanakarn 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 Nawarat Patanakarn'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 Nawarat Patanakarn Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.48 | |||
| Information Ratio | 0.0749 | |||
| Maximum Drawdown | 49.52 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 9.52 |
Nawarat Patanakarn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nawarat Patanakarn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nawarat Patanakarn's standard deviation. In reality, there are many statistical measures that can use Nawarat Patanakarn historical prices to predict the future Nawarat Patanakarn's volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.5746 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0895 | |||
| Treynor Ratio | 3.85 |
Nawarat Patanakarn Public Backtested Returns
Nawarat Patanakarn is out of control given 3 months investment horizon. Nawarat Patanakarn 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 data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.58% are justified by taking the suggested risk. Use Nawarat Patanakarn Public Downside Deviation of 5.48, mean deviation of 3.3, and Risk Adjusted Performance of 0.0787 to evaluate company specific risk that cannot be diversified away. Nawarat Patanakarn holds a performance score of 9 on a scale of zero to a hundred. 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, Nawarat Patanakarn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nawarat Patanakarn is expected to be smaller as well. Use Nawarat Patanakarn Public semi variance, accumulation distribution, and the relationship between the potential upside and skewness , to analyze future returns on Nawarat Patanakarn Public.
Auto-correlation | 0.25 |
Poor predictability
Nawarat Patanakarn Public has poor predictability. Overlapping area represents the amount of predictability between Nawarat Patanakarn time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Nawarat Patanakarn Public price movement. The serial correlation of 0.25 indicates that over 25.0% of current Nawarat Patanakarn price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nawarat Patanakarn Public lagged returns against current returns
Autocorrelation, which is Nawarat Patanakarn 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 Nawarat Patanakarn's stock expected returns. We can calculate the autocorrelation of Nawarat Patanakarn returns to help us make a trade decision. For example, suppose you find that Nawarat Patanakarn 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 |
Nawarat Patanakarn 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 Nawarat Patanakarn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nawarat Patanakarn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nawarat Patanakarn stock over time.
Current vs Lagged Prices |
| Timeline |
Nawarat Patanakarn Lagged Returns
When evaluating Nawarat Patanakarn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nawarat Patanakarn stock have on its future price. Nawarat Patanakarn 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, Nawarat Patanakarn autocorrelation shows the relationship between Nawarat Patanakarn stock current value and its past values and can show if there is a momentum factor associated with investing in Nawarat Patanakarn Public.
Regressed Prices |
| Timeline |
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Nawarat Patanakarn financial ratios help investors to determine whether Nawarat 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 Nawarat with respect to the benefits of owning Nawarat Patanakarn security.