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.
NTD certainly seems to be gaining traction with its share...
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Last
45.0¢ |
Change
0.020(4.65%) |
Mkt cap ! $60.36M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 45.0¢ | 42.5¢ | $30.61K | 71.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38674 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 49900 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| NTD (ASX) Chart |