Nichidenbo Corp's market value is the price at which a share of Nichidenbo Corp trades on a public exchange. It measures the collective expectations of Nichidenbo Corp investors about its performance. Nichidenbo Corp is selling for under 66.00 as of the 10th of January 2025; that is 2.22% down since the beginning of the trading day. The stock's lowest day price was 65.8. With this module, you can estimate the performance of a buy and hold strategy of Nichidenbo Corp and determine expected loss or profit from investing in Nichidenbo Corp over a given investment horizon. Check out Nichidenbo Corp Correlation, Nichidenbo Corp Volatility and Nichidenbo Corp Alpha and Beta module to complement your research on Nichidenbo Corp.
Please note, there is a significant difference between Nichidenbo Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nichidenbo Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nichidenbo Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nichidenbo Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nichidenbo Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nichidenbo Corp.
0.00
12/11/2024
No Change 0.00
0.0
In 30 days
01/10/2025
0.00
If you would invest 0.00 in Nichidenbo Corp on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nichidenbo Corp or generate 0.0% return on investment in Nichidenbo Corp over 30 days. Nichidenbo Corp is related to or competes with Holy Stone, Walsin Technology, Yageo Corp, and HannStar Board. Nichidenbo Corporation supplies passive electronic components worldwide More
Nichidenbo Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nichidenbo Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nichidenbo Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nichidenbo Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nichidenbo Corp's standard deviation. In reality, there are many statistical measures that can use Nichidenbo Corp historical prices to predict the future Nichidenbo Corp's volatility.
At this stage we consider Nichidenbo Stock to be very steady. Nichidenbo Corp has Sharpe Ratio of 0.0455, which conveys that the firm had a 0.0455% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nichidenbo Corp, which you can use to evaluate the volatility of the firm. Please verify Nichidenbo Corp's Mean Deviation of 1.49, risk adjusted performance of 0.0423, and Downside Deviation of 1.61 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Nichidenbo Corp has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nichidenbo Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nichidenbo Corp is expected to be smaller as well. Nichidenbo Corp right now secures a risk of 2.61%. Please verify Nichidenbo Corp mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Nichidenbo Corp will be following its current price movements.
Auto-correlation
0.60
Good predictability
Nichidenbo Corp has good predictability. Overlapping area represents the amount of predictability between Nichidenbo Corp time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nichidenbo Corp price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Nichidenbo Corp price fluctuation can be explain by its past prices.
Correlation Coefficient
0.6
Spearman Rank Test
0.55
Residual Average
0.0
Price Variance
1.5
Nichidenbo Corp lagged returns against current returns
Autocorrelation, which is Nichidenbo Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nichidenbo Corp's stock expected returns. We can calculate the autocorrelation of Nichidenbo Corp returns to help us make a trade decision. For example, suppose you find that Nichidenbo Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Nichidenbo Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nichidenbo Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nichidenbo Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nichidenbo Corp stock over time.
Current vs Lagged Prices
Timeline
Nichidenbo Corp Lagged Returns
When evaluating Nichidenbo Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nichidenbo Corp stock have on its future price. Nichidenbo Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nichidenbo Corp autocorrelation shows the relationship between Nichidenbo Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Nichidenbo Corp.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running Nichidenbo Corp's price analysis, check to measure Nichidenbo Corp'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 Nichidenbo Corp is operating at the current time. Most of Nichidenbo Corp's value examination focuses on studying past and present price action to predict the probability of Nichidenbo Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nichidenbo Corp's price. Additionally, you may evaluate how the addition of Nichidenbo Corp to your portfolios can decrease your overall portfolio volatility.