Nisshinbo Holdings (Germany) Market Value
| NBO Stock | EUR 5.10 0.15 2.86% |
| Symbol | Nisshinbo |
Nisshinbo Holdings '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 Nisshinbo Holdings' 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 Nisshinbo Holdings.
| 01/28/2023 |
| 12/18/2024 |
If you would invest 0.00 in Nisshinbo Holdings on January 28, 2023 and sell it all today you would earn a total of 0.00 from holding Nisshinbo Holdings or generate 0.0% return on investment in Nisshinbo Holdings over 690 days. Nisshinbo Holdings is related to or competes with Nucletron Electronic, DISTRICT METALS, Arrow Electronics, TT Electronics, ELECTRONIC ARTS, LION ONE, and METHODE ELECTRONICS. More
Nisshinbo Holdings 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 Nisshinbo Holdings' 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 Nisshinbo Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.28 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.74 |
Nisshinbo Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nisshinbo Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nisshinbo Holdings' standard deviation. In reality, there are many statistical measures that can use Nisshinbo Holdings historical prices to predict the future Nisshinbo Holdings' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 3.02 |
Nisshinbo Holdings Backtested Returns
Nisshinbo Holdings has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Nisshinbo Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nisshinbo Holdings' Standard Deviation of 1.14, risk adjusted performance of (0.1), and Mean Deviation of 0.8908 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0549, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nisshinbo Holdings are expected to decrease at a much lower rate. During the bear market, Nisshinbo Holdings is likely to outperform the market. At this point, Nisshinbo Holdings has a negative expected return of -0.18%. Please make sure to verify Nisshinbo Holdings' skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Nisshinbo Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Nisshinbo Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Nisshinbo Holdings time series from 28th of January 2023 to 8th of January 2024 and 8th of January 2024 to 18th 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 Nisshinbo Holdings price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Nisshinbo Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Nisshinbo Holdings lagged returns against current returns
Autocorrelation, which is Nisshinbo Holdings 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 Nisshinbo Holdings' stock expected returns. We can calculate the autocorrelation of Nisshinbo Holdings returns to help us make a trade decision. For example, suppose you find that Nisshinbo Holdings 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 |
Nisshinbo Holdings 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 Nisshinbo Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nisshinbo Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nisshinbo Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Nisshinbo Holdings Lagged Returns
When evaluating Nisshinbo Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nisshinbo Holdings stock have on its future price. Nisshinbo Holdings 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, Nisshinbo Holdings autocorrelation shows the relationship between Nisshinbo Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Nisshinbo Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nisshinbo Stock Analysis
When running Nisshinbo Holdings' price analysis, check to measure Nisshinbo Holdings' 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 Nisshinbo Holdings is operating at the current time. Most of Nisshinbo Holdings' value examination focuses on studying past and present price action to predict the probability of Nisshinbo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nisshinbo Holdings' price. Additionally, you may evaluate how the addition of Nisshinbo Holdings to your portfolios can decrease your overall portfolio volatility.