NTD certainly seems to be gaining traction with its share value.
Calculating a best fit exponential growth curve and calculating R-squared correlation factor between a exponential curve(Green) and the share price black we get the below graphs.
A R2 of 0 means their is no correlation between the price and a exponential graph.
A R2 of 1 means their is 100% correlation between the price and exponential growth(not a accident)
The growth rate over the last 6 months if annualized gives a Annual growth rate of 90% with the R2 being 0.67.
looking at the share price graph for last 3 months also demonstrates a positive result.
This time R2 is higher indicating a fairly significant correlation,
If the last 3 months growth was modeled as exponential growth and annualized it would give a annualized growth rate of 259%, but i would caution here as the we are extrapolating only 3 months here.
Similar for 1 month
Caution: it Is very dangerous to extrapolate only one months growth to one year, but still growth.
https://www.biznews.com/undictated/2021/12/01/warren-buffett-compounding-wonder
Caveat:
These are my amateurish graph and best fit of exponential growth curves to NTD Share price along with coefficient of correlation.
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NTD certainly seems to be gaining traction with its share...
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Last
44.5¢ |
Change
-0.010(2.20%) |
Mkt cap ! $59.69M |
Open | High | Low | Value | Volume |
45.5¢ | 46.0¢ | 44.5¢ | $40.38K | 89.37K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 119064 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 2150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 119064 | 0.440 |
1 | 2301 | 0.435 |
2 | 50185 | 0.430 |
1 | 3800 | 0.425 |
1 | 2754 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 2150 | 1 |
0.470 | 6761 | 1 |
0.475 | 10000 | 1 |
0.480 | 3795 | 1 |
0.495 | 2020 | 1 |
Last trade - 15.58pm 31/05/2024 (20 minute delay) ? |
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Last
45.5¢ |
  |
Change
-0.010 ( 1.11 %) |
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Open | High | Low | Volume | ||
46.0¢ | 46.0¢ | 44.0¢ | 75034 | ||
Last updated 15.58pm 31/05/2024 ? |
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