NISSHA (Germany) Market Value
| 6X8 Stock | EUR 10.10 0.10 1.00% |
| Symbol | NISSHA |
NISSHA '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 NISSHA'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 NISSHA.
| 11/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in NISSHA on November 9, 2023 and sell it all today you would earn a total of 0.00 from holding NISSHA LTD or generate 0.0% return on investment in NISSHA over 390 days. NISSHA is related to or competes with Hon Hai, Samsung SDI, Murata Manufacturing, Mitsubishi Electric, and TDK. Nissha Co., Ltd. engages in industrial materials, devices, medical technologies, and information and communication in Ja... More
NISSHA 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 NISSHA'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 NISSHA LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 2.75 |
NISSHA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NISSHA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NISSHA's standard deviation. In reality, there are many statistical measures that can use NISSHA historical prices to predict the future NISSHA's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (1.38) |
NISSHA LTD Backtested Returns
NISSHA LTD has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of standard deviation over the last 3 months. NISSHA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NISSHA's Mean Deviation of 1.5, market risk adjusted performance of (1.37), and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NISSHA's returns are expected to increase less than the market. However, during the bear market, the loss of holding NISSHA is expected to be smaller as well. At this point, NISSHA LTD has a negative expected return of -0.32%. Please make sure to verify NISSHA's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if NISSHA LTD performance from the past will be repeated at future time.
Auto-correlation | -0.55 |
Good reverse predictability
NISSHA LTD has good reverse predictability. Overlapping area represents the amount of predictability between NISSHA time series from 9th of November 2023 to 22nd of May 2024 and 22nd of May 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NISSHA LTD price movement. The serial correlation of -0.55 indicates that about 55.0% of current NISSHA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
NISSHA LTD lagged returns against current returns
Autocorrelation, which is NISSHA 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 NISSHA's stock expected returns. We can calculate the autocorrelation of NISSHA returns to help us make a trade decision. For example, suppose you find that NISSHA 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 |
NISSHA 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 NISSHA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NISSHA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NISSHA stock over time.
Current vs Lagged Prices |
| Timeline |
NISSHA Lagged Returns
When evaluating NISSHA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NISSHA stock have on its future price. NISSHA 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, NISSHA autocorrelation shows the relationship between NISSHA stock current value and its past values and can show if there is a momentum factor associated with investing in NISSHA LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NISSHA Stock
NISSHA financial ratios help investors to determine whether NISSHA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NISSHA with respect to the benefits of owning NISSHA security.