Nacco Industries Stock Market Value
| NC Stock | USD 32.02 0.16 0.50% |
| Symbol | NACCO |
NACCO Industries Price To Book Ratio
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NACCO Industries. If investors know NACCO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NACCO Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.408 | Dividend Share 0.89 | Earnings Share (2.33) | Revenue Per Share 30.255 | Quarterly Revenue Growth 0.325 |
The market value of NACCO Industries is measured differently than its book value, which is the value of NACCO that is recorded on the company's balance sheet. Investors also form their own opinion of NACCO Industries' value that differs from its market value or its book value, called intrinsic value, which is NACCO Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NACCO Industries' market value can be influenced by many factors that don't directly affect NACCO Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NACCO Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if NACCO Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NACCO Industries' 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.
NACCO Industries '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 NACCO Industries' 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 NACCO Industries.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in NACCO Industries on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding NACCO Industries or generate 0.0% return on investment in NACCO Industries over 90 days. NACCO Industries is related to or competes with Alliance Resource, Hallador Energy, Consol Energy, Indo Tambangraya, Natural Resource, Peabody Energy, and Yanzhou Coal. NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business More
NACCO Industries 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 NACCO Industries' 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 NACCO Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.0439 | |||
| Maximum Drawdown | 12.54 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 6.39 |
NACCO Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NACCO Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NACCO Industries' standard deviation. In reality, there are many statistical measures that can use NACCO Industries historical prices to predict the future NACCO Industries' volatility.| Risk Adjusted Performance | 0.0791 | |||
| Jensen Alpha | 0.075 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0561 | |||
| Treynor Ratio | 0.1772 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NACCO Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NACCO Industries Backtested Returns
NACCO Industries appears to be very steady, given 3 months investment horizon. NACCO Industries retains Efficiency (Sharpe Ratio) of 0.1, which conveys that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NACCO Industries, which you can use to evaluate the volatility of the entity. Please exercise NACCO Industries' Semi Deviation of 1.85, market risk adjusted performance of 0.1872, and Mean Deviation of 1.83 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NACCO Industries holds a performance score of 7. The firm owns a Beta (Systematic Risk) of 1.32, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NACCO Industries will likely underperform. Please check NACCO Industries' downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether NACCO Industries' current price history will revert.
Auto-correlation | 0.51 |
Modest predictability
NACCO Industries has modest predictability. Overlapping area represents the amount of predictability between NACCO Industries time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th of November 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 NACCO Industries price movement. The serial correlation of 0.51 indicates that about 51.0% of current NACCO Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 3.69 |
NACCO Industries lagged returns against current returns
Autocorrelation, which is NACCO Industries 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 NACCO Industries' stock expected returns. We can calculate the autocorrelation of NACCO Industries returns to help us make a trade decision. For example, suppose you find that NACCO Industries 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 |
NACCO Industries 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 NACCO Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NACCO Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NACCO Industries stock over time.
Current vs Lagged Prices |
| Timeline |
NACCO Industries Lagged Returns
When evaluating NACCO Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NACCO Industries stock have on its future price. NACCO Industries 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, NACCO Industries autocorrelation shows the relationship between NACCO Industries stock current value and its past values and can show if there is a momentum factor associated with investing in NACCO Industries.
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.Check out NACCO Industries Correlation, NACCO Industries Volatility and NACCO Industries Alpha and Beta module to complement your research on NACCO Industries. For information on how to trade NACCO Stock refer to our How to Trade NACCO Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
NACCO Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.