Nava Nakorn (Thailand) Market Value
| NNCL Stock | THB 1.92 0.01 0.52% |
| Symbol | Nava |
Nava Nakorn '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 Nava Nakorn'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 Nava Nakorn.
| 03/21/2024 |
| 05/20/2024 |
If you would invest 0.00 in Nava Nakorn on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding Nava Nakorn Public or generate 0.0% return on investment in Nava Nakorn over 60 days. Nava Nakorn is related to or competes with Ananda Development, AP Public, and Asia Aviation. Nava Nakorn Public Company Limited operates as a real estate development company in Thailand More
Nava Nakorn 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 Nava Nakorn'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 Nava Nakorn Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.19 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.2 |
Nava Nakorn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nava Nakorn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nava Nakorn's standard deviation. In reality, there are many statistical measures that can use Nava Nakorn historical prices to predict the future Nava Nakorn's volatility.| Risk Adjusted Performance | 0.0118 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0144 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nava Nakorn's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nava Nakorn Public Backtested Returns
We consider Nava Nakorn slightly risky. Nava Nakorn Public has Sharpe Ratio of 0.0394, which conveys that the firm had a 0.0394% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nava Nakorn, which you can use to evaluate the volatility of the firm. Please verify Nava Nakorn's Risk Adjusted Performance of 0.0118, mean deviation of 0.6115, and Downside Deviation of 1.05 to check out if the risk estimate we provide is consistent with the expected return of 0.0418%. Nava Nakorn has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nava Nakorn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nava Nakorn is expected to be smaller as well. Nava Nakorn Public right now secures a risk of 1.06%. Please verify Nava Nakorn Public value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Nava Nakorn Public will be following its current price movements.
Auto-correlation | -0.67 |
Very good reverse predictability
Nava Nakorn Public has very good reverse predictability. Overlapping area represents the amount of predictability between Nava Nakorn time series from 21st of March 2024 to 20th of April 2024 and 20th of April 2024 to 20th of May 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 Nava Nakorn Public price movement. The serial correlation of -0.67 indicates that around 67.0% of current Nava Nakorn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nava Nakorn Public lagged returns against current returns
Autocorrelation, which is Nava Nakorn 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 Nava Nakorn's stock expected returns. We can calculate the autocorrelation of Nava Nakorn returns to help us make a trade decision. For example, suppose you find that Nava Nakorn 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 |
Nava Nakorn 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 Nava Nakorn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nava Nakorn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nava Nakorn stock over time.
Current vs Lagged Prices |
| Timeline |
Nava Nakorn Lagged Returns
When evaluating Nava Nakorn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nava Nakorn stock have on its future price. Nava Nakorn 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, Nava Nakorn autocorrelation shows the relationship between Nava Nakorn stock current value and its past values and can show if there is a momentum factor associated with investing in Nava Nakorn Public.
Regressed Prices |
| Timeline |
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Check out Nava Nakorn Correlation, Nava Nakorn Volatility and Nava Nakorn Alpha and Beta module to complement your research on Nava Nakorn. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Nava Stock analysis
When running Nava Nakorn's price analysis, check to measure Nava Nakorn's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nava Nakorn is operating at the current time. Most of Nava Nakorn's value examination focuses on studying past and present price action to predict the probability of Nava Nakorn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nava Nakorn's price. Additionally, you may evaluate how the addition of Nava Nakorn to your portfolios can decrease your overall portfolio volatility.
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