NQTH (Thailand) Market Value

NQTH -  Thailand Index  

 966.22  3.17  0.33%

NQTH's market value is the price at which a share of NQTH stock trades on a public exchange. It measures the collective expectations of NQTH investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of NQTH and determine expected loss or profit from investing in NQTH over a given investment horizon. Check out NQTH Hype Analysis, NQTH Correlation, Portfolio Optimization, NQTH Volatility, as well as analyze NQTH Alpha and Beta and NQTH Performance.
Symbol
Backtest

Please note, there is a significant difference between NQTH's value and its price as these two are different measures arrived at by different means. Investors typically determine NQTH value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NQTH's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

NQTH '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 NQTH's index 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 NQTH.
0.00
09/08/2019
No Change 0.00  0.0 
In 1 year 10 months and 21 days
07/29/2021
0.00
If you would invest  0.00  in NQTH on September 8, 2019 and sell it all today you would earn a total of 0.00 from holding NQTH or generate 0.0% return on investment in NQTH over 690 days.

NQTH 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 NQTH's index 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 NQTH upside and downside potential and time the market with a certain degree of confidence.

NQTH Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NQTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NQTH's standard deviation. In reality, there are many statistical measures that can use NQTH historical prices to predict the future NQTH's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NQTH's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of NQTH in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
965.34966.23967.12
Details
Intrinsic
Valuation
LowReal ValueHigh
869.61998.30999.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NQTH. Your research has to be compared to or analyzed against NQTH's peers to derive any actionable benefits. When done correctly, NQTH's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in NQTH.

NQTH Backtested Returns

NQTH has Sharpe Ratio of -0.16, which conveys that the entity had -0.16% of return per unit of standard deviation over the last 3 months. Macroaxis standpoint towards estimating the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. NQTH exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
The index secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. Let's try to break down what NQTH's beta means in this case. the returns on MARKET and NQTH are completely uncorrelated. Even though it is essential to pay attention to NQTH price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. NQTH exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.28)   

Weak reverse predictability

NQTH has weak reverse predictability. Overlapping area represents the amount of predictability between NQTH time series from 8th of September 2019 to 18th of August 2020 and 18th of August 2020 to 29th of July 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NQTH price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current NQTH price fluctuation can be explain by its past prices. Given that NQTH has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NQTH for similar time interval.
Correlation Coefficient-0.28
Spearman Rank Test-0.12
Residual Average0.0
Price Variance3632.43

NQTH lagged returns against current returns

Autocorrelation, which is NQTH index'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 NQTH's index expected returns. We can calculate the autocorrelation of NQTH returns to help us make a trade decision. For example, suppose you find that NQTH index 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

NQTH 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 NQTH index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NQTH index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NQTH index over time.
 Current vs Lagged Prices 
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      Timeline 

NQTH Lagged Returns

When evaluating NQTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NQTH index have on its future price. NQTH 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, NQTH autocorrelation shows the relationship between NQTH index current value and its past values and can show if there is a momentum factor associated with investing in NQTH.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in NQTH without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out NQTH Hype Analysis, NQTH Correlation, Portfolio Optimization, NQTH Volatility, as well as analyze NQTH Alpha and Beta and NQTH Performance. Note that the NQTH information on this page should be used as a complementary analysis to other NQTH's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Other Tools for NQTH Index

When running NQTH price analysis, check to measure NQTH's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NQTH is operating at the current time. Most of NQTH's value examination focuses on studying past and present price action to predict the probability of NQTH's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NQTH's price. Additionally, you may evaluate how the addition of NQTH to your portfolios can decrease your overall portfolio volatility.
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