DaikyoNishikawa Corp (Germany) Market Value
| DK8 Stock | EUR 3.42 0.02 0.59% |
| Symbol | DaikyoNishikawa |
DaikyoNishikawa 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 DaikyoNishikawa 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 DaikyoNishikawa Corp.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in DaikyoNishikawa Corp on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding DaikyoNishikawa Corp or generate 0.0% return on investment in DaikyoNishikawa Corp over 30 days. DaikyoNishikawa Corp is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. More
DaikyoNishikawa 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 DaikyoNishikawa 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 DaikyoNishikawa Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 8.05 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 1.75 |
DaikyoNishikawa Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DaikyoNishikawa Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DaikyoNishikawa Corp's standard deviation. In reality, there are many statistical measures that can use DaikyoNishikawa Corp historical prices to predict the future DaikyoNishikawa Corp's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.36) |
DaikyoNishikawa Corp Backtested Returns
DaikyoNishikawa Corp secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. DaikyoNishikawa Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DaikyoNishikawa Corp's Standard Deviation of 1.34, mean deviation of 1.0, and Variance of 1.81 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, DaikyoNishikawa Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding DaikyoNishikawa Corp is expected to be smaller as well. At this point, DaikyoNishikawa Corp has a negative expected return of -0.16%. Please make sure to confirm DaikyoNishikawa Corp's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if DaikyoNishikawa Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
DaikyoNishikawa Corp has weak predictability. Overlapping area represents the amount of predictability between DaikyoNishikawa Corp time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 DaikyoNishikawa Corp price movement. The serial correlation of 0.22 indicates that over 22.0% of current DaikyoNishikawa Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DaikyoNishikawa Corp lagged returns against current returns
Autocorrelation, which is DaikyoNishikawa 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 DaikyoNishikawa Corp's stock expected returns. We can calculate the autocorrelation of DaikyoNishikawa Corp returns to help us make a trade decision. For example, suppose you find that DaikyoNishikawa 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 |
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DaikyoNishikawa 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 DaikyoNishikawa Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DaikyoNishikawa Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DaikyoNishikawa Corp stock over time.
Current vs Lagged Prices |
| Timeline |
DaikyoNishikawa Corp Lagged Returns
When evaluating DaikyoNishikawa Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DaikyoNishikawa Corp stock have on its future price. DaikyoNishikawa 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, DaikyoNishikawa Corp autocorrelation shows the relationship between DaikyoNishikawa Corp stock current value and its past values and can show if there is a momentum factor associated with investing in DaikyoNishikawa Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in DaikyoNishikawa Stock
DaikyoNishikawa Corp financial ratios help investors to determine whether DaikyoNishikawa 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 DaikyoNishikawa with respect to the benefits of owning DaikyoNishikawa Corp security.