Nak Sealing's market value is the price at which a share of Nak Sealing trades on a public exchange. It measures the collective expectations of Nak Sealing Technologies investors about its performance. Nak Sealing is selling for under 114.00 as of the 4th of January 2025; that is 0.44% increase since the beginning of the trading day. The stock's lowest day price was 113.0. With this module, you can estimate the performance of a buy and hold strategy of Nak Sealing Technologies and determine expected loss or profit from investing in Nak Sealing over a given investment horizon. Check out Nak Sealing Correlation, Nak Sealing Volatility and Nak Sealing Alpha and Beta module to complement your research on Nak Sealing.
Please note, there is a significant difference between Nak Sealing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nak Sealing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nak Sealing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nak Sealing '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 Nak Sealing'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 Nak Sealing.
0.00
12/05/2024
No Change 0.00
0.0
In 30 days
01/04/2025
0.00
If you would invest 0.00 in Nak Sealing on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nak Sealing Technologies or generate 0.0% return on investment in Nak Sealing over 30 days. Nak Sealing is related to or competes with CHC Resources, Taiwan Secom, Taiwan Shin, Yulon Finance, and China Steel. NAK Sealing Technologies Corporation develops, manufactures, and sells oil seals and technical sealing products for vari... More
Nak Sealing 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 Nak Sealing'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 Nak Sealing Technologies upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nak Sealing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nak Sealing's standard deviation. In reality, there are many statistical measures that can use Nak Sealing historical prices to predict the future Nak Sealing's volatility.
Nak Sealing Technologies has Sharpe Ratio of -0.0494, which conveys that the firm had a -0.0494% return per unit of risk over the last 3 months. Nak Sealing exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nak Sealing's Risk Adjusted Performance of 0.008, downside deviation of 1.14, and Mean Deviation of 0.7376 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nak Sealing are expected to decrease at a much lower rate. During the bear market, Nak Sealing is likely to outperform the market. At this point, Nak Sealing Technologies has a negative expected return of -0.0553%. Please make sure to verify Nak Sealing's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Nak Sealing Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.11
Insignificant reverse predictability
Nak Sealing Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nak Sealing time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nak Sealing Technologies price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Nak Sealing price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.11
Spearman Rank Test
-0.42
Residual Average
0.0
Price Variance
0.16
Nak Sealing Technologies lagged returns against current returns
Autocorrelation, which is Nak Sealing 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 Nak Sealing's stock expected returns. We can calculate the autocorrelation of Nak Sealing returns to help us make a trade decision. For example, suppose you find that Nak Sealing 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
Nak Sealing 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 Nak Sealing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nak Sealing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nak Sealing stock over time.
Current vs Lagged Prices
Timeline
Nak Sealing Lagged Returns
When evaluating Nak Sealing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nak Sealing stock have on its future price. Nak Sealing 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, Nak Sealing autocorrelation shows the relationship between Nak Sealing stock current value and its past values and can show if there is a momentum factor associated with investing in Nak Sealing Technologies.
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.
When running Nak Sealing's price analysis, check to measure Nak Sealing'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 Nak Sealing is operating at the current time. Most of Nak Sealing's value examination focuses on studying past and present price action to predict the probability of Nak Sealing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nak Sealing's price. Additionally, you may evaluate how the addition of Nak Sealing to your portfolios can decrease your overall portfolio volatility.