Nex Point (Thailand) Market Value
| NEX Stock | THB 0.77 0.04 5.48% |
| Symbol | Nex |
Nex Point '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 Nex Point'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 Nex Point.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Nex Point on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Nex Point Public or generate 0.0% return on investment in Nex Point over 720 days. Nex Point is related to or competes with Jay Mart, KCE Electronics, Hana Microelectronics, Energy Absolute, and Gulf Energy. Nex Point Public Company Limited designs, manufactures, and sells electronic products in Thailand More
Nex Point 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 Nex Point'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 Nex Point Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 43.03 | |||
| Value At Risk | (7.55) | |||
| Potential Upside | 9.32 |
Nex Point Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nex Point's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nex Point's standard deviation. In reality, there are many statistical measures that can use Nex Point historical prices to predict the future Nex Point's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.17) |
Nex Point Public Backtested Returns
Nex Point Public has Sharpe Ratio of -0.0181, which conveys that the firm had a -0.0181% return per unit of risk over the last 3 months. Nex Point exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nex Point's Risk Adjusted Performance of 0.0022, standard deviation of 6.0, and Mean Deviation of 3.48 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nex Point's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nex Point is expected to be smaller as well. At this point, Nex Point Public has a negative expected return of -0.11%. Please make sure to verify Nex Point's accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if Nex Point Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Nex Point Public has good predictability. Overlapping area represents the amount of predictability between Nex Point time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 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 Nex Point Public price movement. The serial correlation of 0.76 indicates that around 76.0% of current Nex Point price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 17.59 |
Nex Point Public lagged returns against current returns
Autocorrelation, which is Nex Point 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 Nex Point's stock expected returns. We can calculate the autocorrelation of Nex Point returns to help us make a trade decision. For example, suppose you find that Nex Point 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 |
Nex Point 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 Nex Point stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nex Point stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nex Point stock over time.
Current vs Lagged Prices |
| Timeline |
Nex Point Lagged Returns
When evaluating Nex Point's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nex Point stock have on its future price. Nex Point 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, Nex Point autocorrelation shows the relationship between Nex Point stock current value and its past values and can show if there is a momentum factor associated with investing in Nex Point Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Nex Stock
Nex Point financial ratios help investors to determine whether Nex 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 Nex with respect to the benefits of owning Nex Point security.