Noble Development (Thailand) Market Value
| NOBLE Stock | THB 2.84 0.02 0.70% |
| Symbol | Noble |
Noble Development '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 Noble Development'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 Noble Development.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Noble Development on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Noble Development Public or generate 0.0% return on investment in Noble Development over 360 days. Noble Development is related to or competes with Land, AP Public, SCB X, and Krung Thai. Noble Development Public Company Limited, together with its subsidiaries, develops and sells real estate properties in T... More
Noble Development 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 Noble Development'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 Noble Development Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.28 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.17 |
Noble Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noble Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Noble Development's standard deviation. In reality, there are many statistical measures that can use Noble Development historical prices to predict the future Noble Development's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (3.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Noble Development's 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.
Noble Development Public Backtested Returns
Noble Development Public has Sharpe Ratio of -0.0937, which conveys that the firm had a -0.0937% return per unit of risk over the last 3 months. Noble Development exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Noble Development's Mean Deviation of 0.8522, risk adjusted performance of (0.06), and Standard Deviation of 1.31 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.032, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Noble Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Noble Development is expected to be smaller as well. At this point, Noble Development Public has a negative expected return of -0.13%. Please make sure to verify Noble Development's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Noble Development Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Noble Development Public has virtually no predictability. Overlapping area represents the amount of predictability between Noble Development time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Noble Development Public price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Noble Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Noble Development Public lagged returns against current returns
Autocorrelation, which is Noble Development 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 Noble Development's stock expected returns. We can calculate the autocorrelation of Noble Development returns to help us make a trade decision. For example, suppose you find that Noble Development 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 |
Noble Development 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 Noble Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Noble Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Noble Development stock over time.
Current vs Lagged Prices |
| Timeline |
Noble Development Lagged Returns
When evaluating Noble Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Noble Development stock have on its future price. Noble Development 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, Noble Development autocorrelation shows the relationship between Noble Development stock current value and its past values and can show if there is a momentum factor associated with investing in Noble Development Public.
Regressed Prices |
| Timeline |
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Noble Development financial ratios help investors to determine whether Noble 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 Noble with respect to the benefits of owning Noble Development security.