Nippon Light (Germany) Price on May 22, 2024
N9L Stock | EUR 9.30 0.10 1.09% |
If you're considering investing in Nippon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nippon Light stands at 9.30, as last reported on the 25th of November, with the highest price reaching 9.30 and the lowest price hitting 9.30 during the day. Nippon Light Metal has Sharpe Ratio of -0.0609, which conveys that the firm had a -0.0609% return per unit of risk over the last 3 months. Nippon Light exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nippon Light's Risk Adjusted Performance of (0.02), standard deviation of 1.54, and Mean Deviation of 1.06 to check out the risk estimate we provide.
Nippon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nippon |
Sharpe Ratio = -0.0609
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Estimated Market Risk
1.52 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nippon Light is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nippon Light by adding Nippon Light to a well-diversified portfolio.
Nippon Light Valuation on May 22, 2024
It is possible to determine the worth of Nippon Light on a given historical date. On May 22, 2024 Nippon was worth 10.9 at the beginning of the trading date compared to the closed value of 10.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nippon Light stock. Still, in general, we apply an absolute valuation method to find Nippon Light's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nippon Light where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nippon Light's related companies.
Open | High | Low | Close | Volume | |
11.00 | 11.00 | 11.00 | 11.00 | 32.00 | |
05/22/2024 | 10.90 | 10.90 | 10.90 | 10.90 | 32.00 |
10.80 | 10.80 | 10.80 | 10.80 | 32.00 |
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Nippon Light Trading Date Momentum on May 22, 2024
On May 23 2024 Nippon Light Metal was traded for 10.80 at the closing time. The highest daily price throughout the period was 10.80 and the lowest price was 10.80 . The daily volume was 32.0. The net trading volume on 05/23/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.92% . The trading delta at closing time to current closing price is 0.00% . |
Nippon Light Metal Fundamentals Correlations and Trends
By evaluating Nippon Light's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nippon Light's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nippon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nippon Light Stock history
Nippon Light investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nippon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nippon Light Metal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nippon Light stock prices may prove useful in developing a viable investing in Nippon Light
Nippon Light Stock Technical Analysis
Nippon Light 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.
Price Boundaries
Nippon Light Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Nippon Light Metal cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nippon Light November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Nippon Light stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nippon Light shares will generate the highest return on investment. By undertsting and applying Nippon Light stock market strength indicators, traders can identify Nippon Light Metal entry and exit signals to maximize returns
Nippon Light Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nippon Light's price direction in advance. Along with the technical and fundamental analysis of Nippon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nippon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.05) | |||
Total Risk Alpha | (0.30) | |||
Treynor Ratio | 1.75 |
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Complementary Tools for Nippon Stock analysis
When running Nippon Light's price analysis, check to measure Nippon Light'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 Nippon Light is operating at the current time. Most of Nippon Light's value examination focuses on studying past and present price action to predict the probability of Nippon Light's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nippon Light's price. Additionally, you may evaluate how the addition of Nippon Light to your portfolios can decrease your overall portfolio volatility.
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