North Eastern (India) Performance

NECCLTD -- India Stock  

INR 9.20  0.27  3.02%

North Eastern has performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.1019 which conveys that as returns on market increase, returns on owning North Eastern are expected to decrease at a much smaller rate. During bear market, North Eastern is likely to outperform the market.. 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 0.0459% will be sustainable into the future. North Eastern Carrying right now secures a risk of 5.3094%. 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.
Horizon     30 Days    Login   to change

North Eastern Carrying Relative Risk vs. Return Landscape

If you would invest  932.00  in North Eastern Carrying Corporation Limited on October 14, 2018 and sell it today you would lose (12.00)  from holding North Eastern Carrying Corporation Limited or give up 1.29% of portfolio value over 30 days. North Eastern Carrying Corporation Limited is generating 0.0459% of daily returns and assumes 5.3094% volatility on return distribution over the 30 days horizon. Simply put, 48% of equities are less volatile than North Eastern Carrying Corporation Limited 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 Corporation Limited is expected to generate 4.06 times more return on investment than the market. However, the company is 4.06 times more volatile than its market benchmark. It trades about 0.01 of its potential returns per unit of risk. The DOW is currently generating roughly 0.0 per unit of risk.

North Eastern Market Risk Analysis

Sharpe Ratio = 0.0086
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North Eastern Relative Performance Indicators

Estimated Market Risk
 5.31
  actual daily
 
 52 %
of total potential
  
Expected Return
 0.05
  actual daily
 
 1 %
of total potential
  
Risk-Adjusted Return
 0.01
  actual daily
 
 1 %
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

0 

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 is not yet fully synchronised with the market data
North Eastern has very high historical volatility over the last 30 days
North Eastern has high likelihood to experience some financial distress in the next 2 years
The company has 537.38 Million in debt which may indicate that it relies heavily on debt financing
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North Eastern Performance Indicators

North Eastern Carrying Basic Price Performance Measures

Quick Ratio1.64
Fifty Two Week Low6.51
Fifty Two Week High36.65
Please see also Stocks Correlation. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
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