NForce Secure (Thailand) Market Value
| SECURE Stock | 12.10 0.30 2.42% |
| Symbol | NForce |
NForce Secure '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 NForce Secure'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 NForce Secure.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in NForce Secure on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding nForce Secure Public or generate 0.0% return on investment in NForce Secure over 720 days.
NForce Secure 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 NForce Secure'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 nForce Secure Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.4 |
NForce Secure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NForce Secure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NForce Secure's standard deviation. In reality, there are many statistical measures that can use NForce Secure historical prices to predict the future NForce Secure's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 7.92 |
nForce Secure Public Backtested Returns
nForce Secure Public has Sharpe Ratio of -0.0953, which conveys that the firm had a -0.0953% return per unit of risk over the last 3 months. NForce Secure exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NForce Secure's Standard Deviation of 1.74, market risk adjusted performance of 7.93, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0212, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NForce Secure are expected to decrease at a much lower rate. During the bear market, NForce Secure is likely to outperform the market. At this point, nForce Secure Public has a negative expected return of -0.17%. Please make sure to verify NForce Secure's total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if nForce Secure Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
nForce Secure Public has very weak reverse predictability. Overlapping area represents the amount of predictability between NForce Secure time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 nForce Secure Public price movement. The serial correlation of -0.01 indicates that just 1.0% of current NForce Secure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.84 |
nForce Secure Public lagged returns against current returns
Autocorrelation, which is NForce Secure 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 NForce Secure's stock expected returns. We can calculate the autocorrelation of NForce Secure returns to help us make a trade decision. For example, suppose you find that NForce Secure 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 |
NForce Secure 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 NForce Secure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NForce Secure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NForce Secure stock over time.
Current vs Lagged Prices |
| Timeline |
NForce Secure Lagged Returns
When evaluating NForce Secure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NForce Secure stock have on its future price. NForce Secure 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, NForce Secure autocorrelation shows the relationship between NForce Secure stock current value and its past values and can show if there is a momentum factor associated with investing in nForce Secure Public.
Regressed Prices |
| Timeline |
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