Nippon Light (Germany) Market Value
| N9L Stock | EUR 9.30 0.10 1.09% |
| Symbol | Nippon |
Nippon Light '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 Nippon Light'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 Nippon Light.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Nippon Light on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Nippon Light Metal or generate 0.0% return on investment in Nippon Light over 360 days. Nippon Light is related to or competes with Iridium Communications, Bank of America, Sims Metal, Ribbon Communications, HEMISPHERE EGY, LG Display, and Spirent Communications. More
Nippon Light 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 Nippon Light'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 Nippon Light Metal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.85 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.05 |
Nippon Light Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nippon Light's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nippon Light's standard deviation. In reality, there are many statistical measures that can use Nippon Light historical prices to predict the future Nippon Light's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 1.75 |
Nippon Light Metal Backtested Returns
Nippon Light Metal has Sharpe Ratio of -0.0609, which conveys that the firm had a -0.0609% return per unit of risk over the last 3 months. Nippon Light exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nippon Light's Standard Deviation of 1.54, mean deviation of 1.06, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0309, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nippon Light are expected to decrease at a much lower rate. During the bear market, Nippon Light is likely to outperform the market. At this point, Nippon Light Metal has a negative expected return of -0.0924%. Please make sure to verify Nippon Light's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Nippon Light Metal performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Nippon Light Metal has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nippon Light time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th of November 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 Nippon Light Metal price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Nippon Light price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Nippon Light Metal lagged returns against current returns
Autocorrelation, which is Nippon Light 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 Nippon Light's stock expected returns. We can calculate the autocorrelation of Nippon Light returns to help us make a trade decision. For example, suppose you find that Nippon Light 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 |
Nippon Light 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 Nippon Light stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nippon Light stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nippon Light stock over time.
Current vs Lagged Prices |
| Timeline |
Nippon Light Lagged Returns
When evaluating Nippon Light's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nippon Light stock have on its future price. Nippon Light 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, Nippon Light autocorrelation shows the relationship between Nippon Light stock current value and its past values and can show if there is a momentum factor associated with investing in Nippon Light Metal.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nippon Stock
Nippon Light financial ratios help investors to determine whether Nippon 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 Nippon with respect to the benefits of owning Nippon Light security.