NCL International (Thailand) Market Value
| NCL Stock | THB 0.45 0.01 2.27% |
| Symbol | NCL |
NCL International '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 NCL International'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 NCL International.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in NCL International on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding NCL International Logistics or generate 0.0% return on investment in NCL International over 30 days. NCL International is related to or competes with Kingsmen CMTI, Masterkool International, Internet Thailand, Erawan, Ditto Public, Jay Mart, and Airports. NCL International Logistics Public Company Limited, together with its subsidiaries, provides inland transportation, inte... More
NCL International 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 NCL International'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 NCL International Logistics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.74 | |||
| Information Ratio | 0.0157 | |||
| Maximum Drawdown | 36.45 | |||
| Value At Risk | (7.46) | |||
| Potential Upside | 10.26 |
NCL International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NCL International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NCL International's standard deviation. In reality, there are many statistical measures that can use NCL International historical prices to predict the future NCL International's volatility.| Risk Adjusted Performance | 0.0335 | |||
| Jensen Alpha | 0.1376 | |||
| Total Risk Alpha | (0.66) | |||
| Sortino Ratio | 0.0203 | |||
| Treynor Ratio | 0.3333 |
NCL International Backtested Returns
NCL International has Sharpe Ratio of -0.0197, which conveys that the company had a -0.0197% return per unit of volatility over the last 3 months. NCL International exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NCL International's Market Risk Adjusted Performance of 0.3433, mean deviation of 4.2, and Downside Deviation of 4.74 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NCL International's returns are expected to increase less than the market. However, during the bear market, the loss of holding NCL International is expected to be smaller as well. At this point, NCL International has a negative expected return of -0.11%. Please make sure to verify NCL International's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if NCL International performance from the past will be repeated in the future.
Auto-correlation | -0.57 |
Good reverse predictability
NCL International Logistics has good reverse predictability. Overlapping area represents the amount of predictability between NCL International time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 NCL International price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current NCL International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NCL International lagged returns against current returns
Autocorrelation, which is NCL International 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 NCL International's stock expected returns. We can calculate the autocorrelation of NCL International returns to help us make a trade decision. For example, suppose you find that NCL International 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 |
NCL International 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 NCL International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NCL International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NCL International stock over time.
Current vs Lagged Prices |
| Timeline |
NCL International Lagged Returns
When evaluating NCL International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NCL International stock have on its future price. NCL International 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, NCL International autocorrelation shows the relationship between NCL International stock current value and its past values and can show if there is a momentum factor associated with investing in NCL International Logistics.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in NCL Stock
NCL International financial ratios help investors to determine whether NCL 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 NCL with respect to the benefits of owning NCL International security.