Nacco Industries Stock Market Value
| NC Stock | USD 27.74 0.22 0.79% |
| Symbol | NACCO |
NACCO Industries Price To Book Ratio
Is NACCO Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NACCO Industries. If investors know NACCO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NACCO Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Dividend Share 0.86 | Earnings Share (5.29) | Revenue Per Share 28.723 | Quarterly Revenue Growth (0.11) |
The market value of NACCO Industries is measured differently than its book value, which is the value of NACCO that is recorded on the company's balance sheet. Investors also form their own opinion of NACCO Industries' value that differs from its market value or its book value, called intrinsic value, which is NACCO Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NACCO Industries' market value can be influenced by many factors that don't directly affect NACCO Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NACCO Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if NACCO Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NACCO Industries' 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.
NACCO Industries '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 NACCO Industries' 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 NACCO Industries.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in NACCO Industries on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding NACCO Industries or generate 0.0% return on investment in NACCO Industries over 30 days. NACCO Industries is related to or competes with Alliance Resource, Indo Tambangraya, and Adaro Energy. NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business More
NACCO Industries 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 NACCO Industries' 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 NACCO Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 9.0 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 1.93 |
NACCO Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NACCO Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NACCO Industries' standard deviation. In reality, there are many statistical measures that can use NACCO Industries historical prices to predict the future NACCO Industries' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 4.77 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NACCO Industries' 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.
NACCO Industries Backtested Returns
NACCO Industries retains Efficiency (Sharpe Ratio) of -0.25, which conveys that the company had a -0.25% return per unit of risk over the last 3 months. NACCO Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NACCO Industries' Market Risk Adjusted Performance of 4.78, coefficient of variation of (449.91), and Mean Deviation of 1.2 to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0811, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NACCO Industries are expected to decrease at a much lower rate. During the bear market, NACCO Industries is likely to outperform the market. NACCO Industries has an expected return of -0.42%. Please make sure to verify NACCO Industries potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if NACCO Industries performance from the past will be repeated in the future.
Auto-correlation | 0.03 |
Virtually no predictability
NACCO Industries has virtually no predictability. Overlapping area represents the amount of predictability between NACCO Industries time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NACCO Industries price movement. The serial correlation of 0.03 indicates that only 3.0% of current NACCO Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
NACCO Industries lagged returns against current returns
Autocorrelation, which is NACCO Industries 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 NACCO Industries' stock expected returns. We can calculate the autocorrelation of NACCO Industries returns to help us make a trade decision. For example, suppose you find that NACCO Industries 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 |
NACCO Industries 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 NACCO Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NACCO Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NACCO Industries stock over time.
Current vs Lagged Prices |
| Timeline |
NACCO Industries Lagged Returns
When evaluating NACCO Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NACCO Industries stock have on its future price. NACCO Industries 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, NACCO Industries autocorrelation shows the relationship between NACCO Industries stock current value and its past values and can show if there is a momentum factor associated with investing in NACCO Industries.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out NACCO Industries Correlation, NACCO Industries Volatility and NACCO Industries Alpha and Beta module to complement your research on NACCO Industries. For information on how to trade NACCO Stock refer to our How to Trade NACCO Stock guide.Note that the NACCO Industries information on this page should be used as a complementary analysis to other NACCO Industries' 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 the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for NACCO Stock analysis
When running NACCO Industries' price analysis, check to measure NACCO Industries' 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 NACCO Industries is operating at the current time. Most of NACCO Industries' value examination focuses on studying past and present price action to predict the probability of NACCO Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NACCO Industries' price. Additionally, you may evaluate how the addition of NACCO Industries to your portfolios can decrease your overall portfolio volatility.
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NACCO Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.