Nitto Denko Corp Stock Price on November 5, 2024
NDEKY Stock | USD 15.59 0.05 0.32% |
If you're considering investing in Nitto Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Nitto Denko stands at 15.59, as last reported on the 28th of November, with the highest price reaching 15.68 and the lowest price hitting 15.05 during the day. Nitto Denko Corp has Sharpe Ratio of -0.0403, which conveys that the firm had a -0.0403% return per unit of risk over the last 3 months. Nitto Denko exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nitto Denko's Mean Deviation of 1.61, risk adjusted performance of 0.0036, and Standard Deviation of 2.13 to check out the risk estimate we provide.
Nitto Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Nitto |
Sharpe Ratio = -0.0403
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Estimated Market Risk
2.06 actual daily | 18 82% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nitto Denko 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 Nitto Denko by adding Nitto Denko to a well-diversified portfolio.
Nitto Denko Valuation on November 5, 2024
It is possible to determine the worth of Nitto Denko on a given historical date. On November 5, 2024 Nitto was worth 16.37 at the beginning of the trading date compared to the closed value of 16.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nitto Denko pink sheet. 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 | |
16.10 | 16.25 | 16.00 | 16.06 | 43,200 | |
11/05/2024 | 16.37 | 16.76 | 16.37 | 16.75 | 62,000 |
16.76 | 17.04 | 16.11 | 16.83 | 10,900 |
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Nitto Denko Trading Date Momentum on November 5, 2024
On November 06 2024 Nitto Denko Corp was traded for 16.83 at the closing time. The highest daily price throughout the period was 17.04 and the lowest price was 16.11 . The daily volume was 10.9 K. The net trading volume on 11/06/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.48% . The trading delta at closing time to current closing price is 1.19% . |
Nitto Denko Corp 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 Pink Sheet 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 Corp 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 Corporation primarily engages in the adhesive tapes business in Japan and internationally. Nitto Denko Corporation was incorporated in 1918 and is headquartered in Osaka, Japan. Nitto Denko operates under Specialty Chemicals classification in the United States and is traded on OTC Exchange. It employs 25961 people.
Nitto Denko Pink Sheet Technical Analysis
Nitto Denko technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Nitto Denko Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Nitto Denko Corp cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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 November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Nitto Denko pink sheet 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 pink sheet market strength indicators, traders can identify Nitto Denko Corp 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 Pink Sheet 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 | 0.0036 | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.34) | |||
Treynor Ratio | (0.12) |
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Additional Tools for Nitto Pink Sheet 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.