Next Capital (Thailand) Market Value
| NCAP Stock | THB 1.73 0.04 2.26% |
| Symbol | Next |
Next Capital '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 Next Capital'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 Next Capital.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Next Capital on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Next Capital Public or generate 0.0% return on investment in Next Capital over 570 days. Next Capital is related to or competes with Amanah Leasing, Infraset Public, and JMT Network. Next Capital Public Company Limited provides motorcycle hire purchase loans primarily to small customers in Thailand More
Next Capital 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 Next Capital'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 Next Capital Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.15 | |||
| Information Ratio | 0.0035 | |||
| Maximum Drawdown | 23.57 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 9.68 |
Next Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Next Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Next Capital's standard deviation. In reality, there are many statistical measures that can use Next Capital historical prices to predict the future Next Capital's volatility.| Risk Adjusted Performance | 0.0315 | |||
| Jensen Alpha | 0.2161 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | (0.20) |
Next Capital Public Backtested Returns
Next Capital Public has Sharpe Ratio of -0.0165, which conveys that the firm had a -0.0165% return per unit of risk over the last 3 months. Next Capital exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Next Capital's Mean Deviation of 3.51, downside deviation of 4.15, and Risk Adjusted Performance of 0.0315 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Next Capital are expected to decrease at a much lower rate. During the bear market, Next Capital is likely to outperform the market. At this point, Next Capital Public has a negative expected return of -0.073%. Please make sure to verify Next Capital's maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to decide if Next Capital Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Next Capital Public has below average predictability. Overlapping area represents the amount of predictability between Next Capital time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 Next Capital Public price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Next Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Next Capital Public lagged returns against current returns
Autocorrelation, which is Next Capital 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 Next Capital's stock expected returns. We can calculate the autocorrelation of Next Capital returns to help us make a trade decision. For example, suppose you find that Next Capital 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 |
Next Capital 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 Next Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Next Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Next Capital Lagged Returns
When evaluating Next Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Next Capital stock have on its future price. Next Capital 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, Next Capital autocorrelation shows the relationship between Next Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Next Capital Public.
Regressed Prices |
| Timeline |
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Next Capital financial ratios help investors to determine whether Next 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 Next with respect to the benefits of owning Next Capital security.