Nakornthon Hospital (Thailand) Market Value
NKT Stock | 4.34 0.04 0.93% |
Symbol | Nakornthon |
Nakornthon Hospital '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 Nakornthon Hospital'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 Nakornthon Hospital.
04/25/2025 |
| 07/24/2025 |
If you would invest 0.00 in Nakornthon Hospital on April 25, 2025 and sell it all today you would earn a total of 0.00 from holding Nakornthon Hospital Public or generate 0.0% return on investment in Nakornthon Hospital over 90 days.
Nakornthon Hospital 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 Nakornthon Hospital'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 Nakornthon Hospital Public upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.21) | |||
Maximum Drawdown | 8.13 | |||
Value At Risk | (2.93) | |||
Potential Upside | 2.25 |
Nakornthon Hospital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nakornthon Hospital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nakornthon Hospital's standard deviation. In reality, there are many statistical measures that can use Nakornthon Hospital historical prices to predict the future Nakornthon Hospital's volatility.Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.41) | |||
Treynor Ratio | (0.78) |
Nakornthon Hospital Backtested Returns
Nakornthon Hospital has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12 % return per unit of risk over the last 3 months. Nakornthon Hospital exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nakornthon Hospital's Risk Adjusted Performance of (0.05), standard deviation of 1.37, and Mean Deviation of 0.9318 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nakornthon Hospital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nakornthon Hospital is expected to be smaller as well. At this point, Nakornthon Hospital has a negative expected return of -0.16%. Please make sure to verify Nakornthon Hospital's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Nakornthon Hospital performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Nakornthon Hospital Public has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nakornthon Hospital time series from 25th of April 2025 to 9th of June 2025 and 9th of June 2025 to 24th of July 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 Nakornthon Hospital price movement. The serial correlation of -0.73 indicates that around 73.0% of current Nakornthon Hospital price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.73 | |
Spearman Rank Test | -0.56 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Nakornthon Hospital lagged returns against current returns
Autocorrelation, which is Nakornthon Hospital 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 Nakornthon Hospital's stock expected returns. We can calculate the autocorrelation of Nakornthon Hospital returns to help us make a trade decision. For example, suppose you find that Nakornthon Hospital 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 |
Nakornthon Hospital 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 Nakornthon Hospital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nakornthon Hospital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nakornthon Hospital stock over time.
Current vs Lagged Prices |
Timeline |
Nakornthon Hospital Lagged Returns
When evaluating Nakornthon Hospital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nakornthon Hospital stock have on its future price. Nakornthon Hospital 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, Nakornthon Hospital autocorrelation shows the relationship between Nakornthon Hospital stock current value and its past values and can show if there is a momentum factor associated with investing in Nakornthon Hospital Public.
Regressed Prices |
Timeline |
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