Nampak's market value is the price at which a share of Nampak trades on a public exchange. It measures the collective expectations of Nampak investors about its performance. Nampak is trading at 38600.00 as of the 11th of January 2025, a 0.99 percent decrease since the beginning of the trading day. The stock's lowest day price was 38250.0. With this module, you can estimate the performance of a buy and hold strategy of Nampak and determine expected loss or profit from investing in Nampak over a given investment horizon. Check out Nampak Correlation, Nampak Volatility and Nampak Alpha and Beta module to complement your research on Nampak.
Please note, there is a significant difference between Nampak's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nampak is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nampak'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.
Nampak '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 Nampak'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 Nampak.
0.00
06/15/2024
No Change 0.00
0.0
In 6 months and 29 days
01/11/2025
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If you would invest 0.00 in Nampak on June 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nampak or generate 0.0% return on investment in Nampak over 210 days. Nampak is related to or competes with Frontier Transport, Ascendis Health, and Reinet Investments. More
Nampak 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 Nampak'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 Nampak upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nampak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nampak's standard deviation. In reality, there are many statistical measures that can use Nampak historical prices to predict the future Nampak's volatility.
Nampak has Sharpe Ratio of -0.0468, which conveys that the firm had a -0.0468% return per unit of risk over the last 3 months. Nampak exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nampak's Standard Deviation of 2.58, mean deviation of 1.56, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nampak are expected to decrease at a much lower rate. During the bear market, Nampak is likely to outperform the market. At this point, Nampak has a negative expected return of -0.12%. Please make sure to verify Nampak's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Nampak performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.31
Poor reverse predictability
Nampak has poor reverse predictability. Overlapping area represents the amount of predictability between Nampak time series from 15th of June 2024 to 28th of September 2024 and 28th of September 2024 to 11th of January 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 Nampak price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Nampak price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.31
Spearman Rank Test
-0.45
Residual Average
0.0
Price Variance
6 M
Nampak lagged returns against current returns
Autocorrelation, which is Nampak 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 Nampak's stock expected returns. We can calculate the autocorrelation of Nampak returns to help us make a trade decision. For example, suppose you find that Nampak 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
Nampak 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 Nampak stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nampak stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nampak stock over time.
Current vs Lagged Prices
Timeline
Nampak Lagged Returns
When evaluating Nampak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nampak stock have on its future price. Nampak 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, Nampak autocorrelation shows the relationship between Nampak stock current value and its past values and can show if there is a momentum factor associated with investing in Nampak.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Nampak financial ratios help investors to determine whether Nampak 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 Nampak with respect to the benefits of owning Nampak security.