NRB Industrial (India) Market Value
| NIBL Stock | 27.57 0.74 2.61% |
| Symbol | NRB |
NRB Industrial '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 NRB Industrial'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 NRB Industrial.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in NRB Industrial on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding NRB Industrial Bearings or generate 0.0% return on investment in NRB Industrial over 180 days. NRB Industrial is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. NRB Industrial is entity of India. It is traded as Stock on NSE exchange. More
NRB Industrial 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 NRB Industrial'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 NRB Industrial Bearings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 23.62 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 4.11 |
NRB Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NRB Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NRB Industrial's standard deviation. In reality, there are many statistical measures that can use NRB Industrial historical prices to predict the future NRB Industrial's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | (7.49) |
NRB Industrial Bearings Backtested Returns
NRB Industrial Bearings retains Efficiency (Sharpe Ratio) of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. NRB Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NRB Industrial's Mean Deviation of 2.12, coefficient of variation of (682.54), and Market Risk Adjusted Performance of (7.48) to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.0648, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NRB Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding NRB Industrial is expected to be smaller as well. At this point, NRB Industrial Bearings has a negative expected return of -0.45%. Please make sure to verify NRB Industrial's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if NRB Industrial Bearings performance from the past will be repeated at future time.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
NRB Industrial Bearings has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NRB Industrial time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 NRB Industrial Bearings price movement. The serial correlation of -0.77 indicates that around 77.0% of current NRB Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 21.98 |
NRB Industrial Bearings lagged returns against current returns
Autocorrelation, which is NRB Industrial 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 NRB Industrial's stock expected returns. We can calculate the autocorrelation of NRB Industrial returns to help us make a trade decision. For example, suppose you find that NRB Industrial 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 |
NRB Industrial 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 NRB Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NRB Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NRB Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
NRB Industrial Lagged Returns
When evaluating NRB Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NRB Industrial stock have on its future price. NRB Industrial 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, NRB Industrial autocorrelation shows the relationship between NRB Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in NRB Industrial Bearings.
Regressed Prices |
| Timeline |
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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.Additional Tools for NRB Stock Analysis
When running NRB Industrial's price analysis, check to measure NRB Industrial'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 NRB Industrial is operating at the current time. Most of NRB Industrial's value examination focuses on studying past and present price action to predict the probability of NRB Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NRB Industrial's price. Additionally, you may evaluate how the addition of NRB Industrial to your portfolios can decrease your overall portfolio volatility.