North Eastern (India) Performance

NECCLTD -- India Stock  

INR 9.69  0.25  2.65%

Macroaxis gives North Eastern performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.2002 which conveys that as returns on market increase, North Eastern returns are expected to increase less than the market. However during bear market, the loss on holding North Eastern will be expected to be smaller as well. . Even though it is essential to pay attention to North Eastern Carrying price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. North Eastern exposes twenty-one different technical indicators which can help you to evaluate its performance. North Eastern Carrying has expected return of -0.5763%. Please be advised to 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 past performance will be repeated at some point in the near future.
Horizon     30 Days    Login   to change

North Eastern Carrying Relative Risk vs. Return Landscape

If you would invest  1,227  in North Eastern Carrying Corporation Limited on December 16, 2018 and sell it today you would lose (258.00)  from holding North Eastern Carrying Corporation Limited or give up 21.03% of portfolio value over 30 days. North Eastern Carrying Corporation Limited is generating negative expected returns and assumes 5.6171% volatility on return distribution over the 30 days horizon. Simply put, 50% of equities are less volatile than North Eastern Carrying and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, North Eastern Carrying is expected to under-perform the market. In addition to that, the company is 2.77 times more volatile than its market benchmark. It trades about -0.1 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.06 per unit of volatility.

North Eastern Market Risk Analysis

Sharpe Ratio = -0.1026
Good Returns
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Negative ReturnsNECCLTD

North Eastern Relative Performance Indicators

Estimated Market Risk
  actual daily
 50 %
of total potential
Expected Return
  actual daily
 0 %
of total potential
Risk-Adjusted Return
  actual daily
 0 %
of total potential
Based on monthly moving average North Eastern is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of North Eastern by adding it to a well-diversified portfolio.

North Eastern Performance Rating

North Eastern Carrying Corporation Limited Risk Adjusted Performance Analysis


Risk-Adjusted Performance

Over the last 30 days North Eastern Carrying Corporation Limited has generated negative risk-adjusted returns adding no value to investors with long positions.

North Eastern Alerts

Equity Alerts and Improvement Suggestions

North Eastern generates negative expected return over the last 30 days
North Eastern has high historical volatility and very poor performance
North Eastern has high likelihood to experience some financial distress in the next 2 years
The company has 566.75 Million in debt which may indicate that it relies heavily on debt financing

North Eastern Performance Indicators

North Eastern Carrying Basic Price Performance Measures

Quick Ratio1.20
Fifty Two Week Low6.51
Fifty Two Week High33.70
Please see also Stocks Correlation. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.