Newcity Public (Thailand) Market Value

NC Stock  THB 2.88  0.02  0.69%   
Newcity Public's market value is the price at which a share of Newcity Public trades on a public exchange. It measures the collective expectations of Newcity Public investors about its performance. Newcity Public is selling for 2.88 as of the 14th of December 2024. This is a 0.69 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 2.84.
With this module, you can estimate the performance of a buy and hold strategy of Newcity Public and determine expected loss or profit from investing in Newcity Public over a given investment horizon. Check out Newcity Public Correlation, Newcity Public Volatility and Newcity Public Alpha and Beta module to complement your research on Newcity Public.
Symbol

Please note, there is a significant difference between Newcity Public's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newcity Public is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newcity Public'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.

Newcity Public '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 Newcity Public'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 Newcity Public.
0.00
12/25/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/14/2024
0.00
If you would invest  0.00  in Newcity Public on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Newcity Public or generate 0.0% return on investment in Newcity Public over 720 days. Newcity Public is related to or competes with Hwa Fong, AAPICO Hitech, Haad Thip, and Italian Thai. Newcity Public Company Limited engages in the distribution of pantyhose products, cosmetics, innerwear, and exercise out... More

Newcity Public 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 Newcity Public'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 Newcity Public upside and downside potential and time the market with a certain degree of confidence.

Newcity Public Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Newcity Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newcity Public's standard deviation. In reality, there are many statistical measures that can use Newcity Public historical prices to predict the future Newcity Public's volatility.
Hype
Prediction
LowEstimatedHigh
0.142.886.96
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Intrinsic
Valuation
LowRealHigh
0.132.686.76
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Newcity Public. Your research has to be compared to or analyzed against Newcity Public's peers to derive any actionable benefits. When done correctly, Newcity Public's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Newcity Public.

Newcity Public Backtested Returns

Newcity Public has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Newcity Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newcity Public's Standard Deviation of 4.03, risk adjusted performance of (0.08), and Mean Deviation of 2.38 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Newcity Public are expected to decrease at a much lower rate. During the bear market, Newcity Public is likely to outperform the market. At this point, Newcity Public has a negative expected return of -0.53%. Please make sure to verify Newcity Public's skewness, rate of daily change, price action indicator, as well as the relationship between the accumulation distribution and day typical price , to decide if Newcity Public performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.72  

Almost perfect reverse predictability

Newcity Public has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Newcity Public time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th 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 Newcity Public price movement. The serial correlation of -0.72 indicates that around 72.0% of current Newcity Public price fluctuation can be explain by its past prices.
Correlation Coefficient-0.72
Spearman Rank Test-0.16
Residual Average0.0
Price Variance0.97

Newcity Public lagged returns against current returns

Autocorrelation, which is Newcity Public 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 Newcity Public's stock expected returns. We can calculate the autocorrelation of Newcity Public returns to help us make a trade decision. For example, suppose you find that Newcity Public 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  

Newcity Public 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 Newcity Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newcity Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newcity Public stock over time.
   Current vs Lagged Prices   
       Timeline  

Newcity Public Lagged Returns

When evaluating Newcity Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newcity Public stock have on its future price. Newcity Public 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, Newcity Public autocorrelation shows the relationship between Newcity Public stock current value and its past values and can show if there is a momentum factor associated with investing in Newcity Public.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Newcity Stock

Newcity Public financial ratios help investors to determine whether Newcity 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 Newcity with respect to the benefits of owning Newcity Public security.