Newcity Public (Thailand) Market Value
| NC Stock | THB 2.88 0.02 0.69% |
| Symbol | Newcity |
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.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Newcity Public on June 16, 2024 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 180 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.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 32.38 | |||
| Value At Risk | (6.70) | |||
| Potential Upside | 5.04 |
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.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | 1.26 |
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 Risk Adjusted Performance of (0.08), mean deviation of 2.38, and Standard Deviation of 4.03 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 | -0.15 |
Insignificant reverse predictability
Newcity Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between Newcity Public time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 -0.15 indicates that less than 15.0% of current Newcity Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
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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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.