Nike (Germany) Price on November 17, 2023
NKE Stock | 73.47 0.64 0.86% |
If you're considering investing in Nike Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nike stands at 73.47, as last reported on the 22nd of December, with the highest price reaching 75.02 and the lowest price hitting 68.30 during the day. Nike Inc has Sharpe Ratio of -0.035, which conveys that the firm had a -0.035% return per unit of risk over the last 3 months. Nike exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nike's Risk Adjusted Performance of (0.02), mean deviation of 1.09, and Standard Deviation of 1.53 to check out the risk estimate we provide.
Nike Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nike |
Sharpe Ratio = -0.035
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Estimated Market Risk
1.53 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.05 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 Nike 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 Nike by adding Nike to a well-diversified portfolio.
Nike Valuation on November 17, 2023
It is possible to determine the worth of Nike on a given historical date. On November 17, 2023 Nike was worth 97.36 at the beginning of the trading date compared to the closed value of 95.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nike stock. Still, in general, we apply an absolute valuation method to find Nike'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 Nike where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nike's related companies.
Open | High | Low | Close | Volume | |
97.34 | 97.46 | 96.36 | 96.87 | 3,292 | |
11/17/2023 | 97.36 | 97.65 | 95.00 | 95.27 | 2,609 |
95.18 | 95.22 | 94.22 | 94.40 | 2,122 |
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Nike Trading Date Momentum on November 17, 2023
On November 20 2023 Nike Inc was traded for 94.40 at the closing time. The highest price during the trading period was 95.22 and the lowest recorded bid was listed for 94.22 . The volume for the day was 2.1 K. This history from November 20, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.91% . The trading delta at closing time to the current price is 0.79% . |
Nike Inc Fundamentals Correlations and Trends
By evaluating Nike'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 Nike's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nike financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nike Stock history
Nike 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 Nike is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nike Inc 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 Nike stock prices may prove useful in developing a viable investing in Nike
Nike Stock Technical Analysis
Nike 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
Nike Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
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Nike December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Nike stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nike shares will generate the highest return on investment. By undertsting and applying Nike stock market strength indicators, traders can identify Nike Inc entry and exit signals to maximize returns
Nike Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nike's price direction in advance. Along with the technical and fundamental analysis of Nike Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nike 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 | (0.07) | |||
Total Risk Alpha | (0.11) | |||
Treynor Ratio | (0.37) |
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Volume Indicators |
Additional Tools for Nike Stock Analysis
When running Nike's price analysis, check to measure Nike'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 Nike is operating at the current time. Most of Nike's value examination focuses on studying past and present price action to predict the probability of Nike's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nike's price. Additionally, you may evaluate how the addition of Nike to your portfolios can decrease your overall portfolio volatility.