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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Last
40.0¢ |
Change
-0.050(11.1%) |
Mkt cap ! $53.65M |
Open | High | Low | Value | Volume |
42.0¢ | 42.0¢ | 38.0¢ | $102.8K | 254.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24618 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 37845 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24618 | 0.395 |
1 | 2043 | 0.390 |
2 | 50000 | 0.385 |
5 | 83250 | 0.380 |
2 | 3005 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 37845 | 3 |
0.410 | 20000 | 2 |
0.420 | 71550 | 1 |
0.440 | 14908 | 1 |
0.450 | 17508 | 1 |
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