NCC (India) Market Value
| NCC Stock | 287.55 12.15 4.05% |
| Symbol | NCC |
NCC '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 NCC'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 NCC.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in NCC on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding NCC Limited or generate 0.0% return on investment in NCC over 30 days. NCC is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. NCC is entity of India. It is traded as Stock on NSE exchange. More
NCC 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 NCC'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 NCC Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.21 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 3.48 |
NCC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NCC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NCC's standard deviation. In reality, there are many statistical measures that can use NCC historical prices to predict the future NCC's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.20) |
NCC Limited Backtested Returns
NCC Limited retains Efficiency (Sharpe Ratio) of -0.0594, which conveys that the company had a -0.0594% return per unit of risk over the last 3 months. NCC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NCC's Market Risk Adjusted Performance of (0.19), mean deviation of 1.54, and Coefficient Of Variation of (2,014) to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.56, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NCC's returns are expected to increase less than the market. However, during the bear market, the loss of holding NCC is expected to be smaller as well. At this point, NCC Limited has a negative expected return of -0.12%. Please make sure to verify NCC's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if NCC Limited performance from the past will be repeated in the future.
Auto-correlation | -0.59 |
Good reverse predictability
NCC Limited has good reverse predictability. Overlapping area represents the amount of predictability between NCC time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 NCC Limited price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current NCC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 76.08 |
NCC Limited lagged returns against current returns
Autocorrelation, which is NCC 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 NCC's stock expected returns. We can calculate the autocorrelation of NCC returns to help us make a trade decision. For example, suppose you find that NCC 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 |
NCC 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 NCC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NCC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NCC stock over time.
Current vs Lagged Prices |
| Timeline |
NCC Lagged Returns
When evaluating NCC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NCC stock have on its future price. NCC 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, NCC autocorrelation shows the relationship between NCC stock current value and its past values and can show if there is a momentum factor associated with investing in NCC Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NCC Stock
NCC financial ratios help investors to determine whether NCC 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 NCC with respect to the benefits of owning NCC security.