NITTO DENKO (Germany) Price on October 3, 2024
| ND5 Stock | EUR 16.20 0.50 3.18% |
If you're considering investing in NITTO Stock, it is important to understand the factors that can impact its price. As of today, the current price of NITTO DENKO stands at 16.20, as last reported on the 24th of December, with the highest price reaching 16.20 and the lowest price hitting 15.90 during the day. At this point, NITTO DENKO is not too volatile. NITTO DENKO P has Sharpe Ratio of 0.0532, which conveys that the firm had a 0.0532% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for NITTO DENKO, which you can use to evaluate the volatility of the firm. Please verify NITTO DENKO's Mean Deviation of 1.37, market risk adjusted performance of 0.4028, and Risk Adjusted Performance of 0.0423 to check out if the risk estimate we provide is consistent with the expected return of 0.0949%.
NITTO Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NITTO |
Sharpe Ratio = 0.0532
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Estimated Market Risk
| 1.78 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average NITTO DENKO is performing at about 4% of its full potential. 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 NITTO DENKO by adding it to a well-diversified portfolio.
NITTO DENKO Valuation on October 3, 2024
It is possible to determine the worth of NITTO DENKO on a given historical date. On October 3, 2024 NITTO was worth 14.7 at the beginning of the trading date compared to the closed value of 14.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NITTO DENKO stock. Still, in general, we apply an absolute valuation method to find NITTO DENKO'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 NITTO DENKO where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NITTO DENKO's related companies.
| Open | High | Low | Close | Volume | |
| 14.90 | 14.90 | 14.90 | 14.90 | 207.00 | |
10/03/2024 | 14.70 | 14.70 | 14.60 | 14.60 | 207.00 |
| 14.80 | 14.80 | 14.50 | 14.80 | 207.00 |
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NITTO DENKO Trading Date Momentum on October 3, 2024
| On October 04 2024 NITTO DENKO P was traded for 14.80 at the closing time. The maximum traded price for the trading interval was 14.80 and the lowest daily price was 14.50 . The daily volume was recorded at 207. The volume of trading on 4th of October 2024 played a part in the next trading day price growth. The trading delta at closing time to the next closing price was 1.37% . The trading delta at closing time to the closing price today is 2.74% . |
NITTO DENKO P Fundamentals Correlations and Trends
By evaluating NITTO DENKO'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 NITTO DENKO's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NITTO financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NITTO DENKO Stock history
NITTO DENKO 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 NITTO is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NITTO DENKO P 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 NITTO DENKO stock prices may prove useful in developing a viable investing in NITTO DENKO
NITTO DENKO Stock Technical Analysis
NITTO DENKO 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
NITTO DENKO Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
NITTO DENKO P cannot be verified against its exchange. Please verify the symbol is currently traded on Berlin 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.
NITTO DENKO December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how NITTO DENKO stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NITTO DENKO shares will generate the highest return on investment. By undertsting and applying NITTO DENKO stock market strength indicators, traders can identify NITTO DENKO P entry and exit signals to maximize returns
NITTO DENKO Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NITTO DENKO's price direction in advance. Along with the technical and fundamental analysis of NITTO Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NITTO 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 | 0.0423 | |||
| Jensen Alpha | 0.0683 | |||
| Total Risk Alpha | 0.0206 | |||
| Sortino Ratio | 0.0234 | |||
| Treynor Ratio | 0.3928 |
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| Volume Indicators |
Complementary Tools for NITTO Stock analysis
When running NITTO DENKO's price analysis, check to measure NITTO DENKO'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 NITTO DENKO is operating at the current time. Most of NITTO DENKO's value examination focuses on studying past and present price action to predict the probability of NITTO DENKO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NITTO DENKO's price. Additionally, you may evaluate how the addition of NITTO DENKO to your portfolios can decrease your overall portfolio volatility.
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