NCAB (Sweden) Market Value
| NCAB Stock | SEK 61.95 0.35 0.57% |
| Symbol | NCAB |
NCAB '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 NCAB'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 NCAB.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in NCAB on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding NCAB Group or generate 0.0% return on investment in NCAB over 30 days. NCAB is related to or competes with MIPS AB, Hexatronic Group, Lagercrantz Group, Vitec Software, and Sdiptech. NCAB Group AB , together with its subsidiaries, manufactures and sells printed circuit boards More
NCAB 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 NCAB'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 NCAB Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.51 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 3.57 |
NCAB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NCAB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NCAB's standard deviation. In reality, there are many statistical measures that can use NCAB historical prices to predict the future NCAB's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 1.02 |
NCAB Group Backtested Returns
NCAB Group retains Efficiency (Sharpe Ratio) of -0.14, which conveys that the company had a -0.14% return per unit of return volatility over the last 3 months. NCAB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NCAB's Mean Deviation of 2.03, standard deviation of 2.64, and Market Risk Adjusted Performance of 1.03 to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NCAB are expected to decrease at a much lower rate. During the bear market, NCAB is likely to outperform the market. At this point, NCAB Group has a negative expected return of -0.36%. Please make sure to verify NCAB's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if NCAB Group performance from the past will be repeated in the future.
Auto-correlation | -0.87 |
Excellent reverse predictability
NCAB Group has excellent reverse predictability. Overlapping area represents the amount of predictability between NCAB time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 NCAB Group price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current NCAB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 3.88 |
NCAB Group lagged returns against current returns
Autocorrelation, which is NCAB 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 NCAB's stock expected returns. We can calculate the autocorrelation of NCAB returns to help us make a trade decision. For example, suppose you find that NCAB 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 |
NCAB 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 NCAB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NCAB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NCAB stock over time.
Current vs Lagged Prices |
| Timeline |
NCAB Lagged Returns
When evaluating NCAB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NCAB stock have on its future price. NCAB 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, NCAB autocorrelation shows the relationship between NCAB stock current value and its past values and can show if there is a momentum factor associated with investing in NCAB Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NCAB Stock Analysis
When running NCAB's price analysis, check to measure NCAB'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 NCAB is operating at the current time. Most of NCAB's value examination focuses on studying past and present price action to predict the probability of NCAB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NCAB's price. Additionally, you may evaluate how the addition of NCAB to your portfolios can decrease your overall portfolio volatility.