The company secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and North Eastern are completely uncorrelated. Although it is extremely important to respect North Eastern Carrying price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing North Eastern Carrying technical indicators
you can presently evaluate if the expected return of 0.0% will be sustainable into the future. North Eastern Carrying
right now secures a risk of 0.0%. Please verify North Eastern Carrying Corporation Limited Information Ratio
, Value At Risk
as well as the relationship
between Value At Risk and Expected Short fall
to decide if North Eastern Carrying Corporation Limited will be following its current price movements.
Over the last 30 days North Eastern Carrying Corporation Limited has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, North Eastern is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
|Fifty Two Week Low||6.51|
|Fifty Two Week High||18.40|