N B (India) Market Value
| NBIFIN Stock | 3,807 181.30 5.00% |
| Symbol | NBIFIN |
N B '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 N B'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 N B.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in N B on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding N B I or generate 0.0% return on investment in N B over 30 days. N B is related to or competes with Compucom Software, Juniper Hotels, Lemon Tree, R S, LT Foods, Kohinoor Foods, and Samhi Hotels. N B is entity of India. It is traded as Stock on NSE exchange. More
N B 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 N B'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 N B I upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.2 | |||
| Maximum Drawdown | 9.75 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 5.0 |
N B Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for N B's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as N B's standard deviation. In reality, there are many statistical measures that can use N B historical prices to predict the future N B's volatility.| Risk Adjusted Performance | 0.1921 | |||
| Jensen Alpha | 0.6434 | |||
| Total Risk Alpha | 0.2759 | |||
| Sortino Ratio | 0.2367 | |||
| Treynor Ratio | (11.70) |
N B I Backtested Returns
N B appears to be very steady, given 3 months investment horizon. N B I retains Efficiency (Sharpe Ratio) of 0.28, which conveys that the company had a 0.28% return per unit of risk over the last 3 months. By analyzing N B's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise N B's Semi Deviation of 1.75, market risk adjusted performance of (11.69), and Mean Deviation of 2.2 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, N B holds a performance score of 21. The firm owns a Beta (Systematic Risk) of -0.0545, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning N B are expected to decrease at a much lower rate. During the bear market, N B is likely to outperform the market. Please check N B's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether N B's current price history will revert.
Auto-correlation | 0.83 |
Very good predictability
N B I has very good predictability. Overlapping area represents the amount of predictability between N B time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 N B I price movement. The serial correlation of 0.83 indicates that around 83.0% of current N B price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 127.3 K |
N B I lagged returns against current returns
Autocorrelation, which is N B 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 N B's stock expected returns. We can calculate the autocorrelation of N B returns to help us make a trade decision. For example, suppose you find that N B 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 |
N B 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 N B stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if N B stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in N B stock over time.
Current vs Lagged Prices |
| Timeline |
N B Lagged Returns
When evaluating N B's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of N B stock have on its future price. N B 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, N B autocorrelation shows the relationship between N B stock current value and its past values and can show if there is a momentum factor associated with investing in N B I.
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 NBIFIN Stock
N B financial ratios help investors to determine whether NBIFIN 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 NBIFIN with respect to the benefits of owning N B security.