Navakij Insurance (Thailand) Market Value
| NKI Stock | THB 23.50 0.10 0.43% |
| Symbol | Navakij |
Navakij Insurance '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 Navakij Insurance'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 Navakij Insurance.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Navakij Insurance on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding The Navakij Insurance or generate 0.0% return on investment in Navakij Insurance over 90 days. Navakij Insurance is related to or competes with Ocean Glass, Pan Asia, Nonthavej Hospital, Newcity Public, and OCC Public. The Navakij Insurance Public Company Limited provides non-life insurance products in Thailand More
Navakij Insurance 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 Navakij Insurance'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 The Navakij Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0154 | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.89 |
Navakij Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navakij Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navakij Insurance's standard deviation. In reality, there are many statistical measures that can use Navakij Insurance historical prices to predict the future Navakij Insurance's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | 0.1668 | |||
| Treynor Ratio | 0.1269 |
Navakij Insurance Backtested Returns
Navakij Insurance has Sharpe Ratio of -0.0362, which conveys that the firm had a -0.0362 % return per unit of risk over the last 3 months. Navakij Insurance exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Navakij Insurance's Standard Deviation of 1.96, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 0.1369 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.62, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Navakij Insurance are expected to decrease at a much lower rate. During the bear market, Navakij Insurance is likely to outperform the market. At this point, Navakij Insurance has a negative expected return of -0.0732%. Please make sure to verify Navakij Insurance's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Navakij Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
The Navakij Insurance has insignificant reverse predictability. Overlapping area represents the amount of predictability between Navakij Insurance time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Navakij Insurance price movement. The serial correlation of -0.19 indicates that over 19.0% of current Navakij Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Navakij Insurance lagged returns against current returns
Autocorrelation, which is Navakij Insurance 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 Navakij Insurance's stock expected returns. We can calculate the autocorrelation of Navakij Insurance returns to help us make a trade decision. For example, suppose you find that Navakij Insurance 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 |
Navakij Insurance 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 Navakij Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navakij Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navakij Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Navakij Insurance Lagged Returns
When evaluating Navakij Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navakij Insurance stock have on its future price. Navakij Insurance 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, Navakij Insurance autocorrelation shows the relationship between Navakij Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in The Navakij Insurance.
Regressed Prices |
| Timeline |
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Navakij Insurance financial ratios help investors to determine whether Navakij 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 Navakij with respect to the benefits of owning Navakij Insurance security.