NITTO DENKO (Germany) Market Value
| ND5 Stock | EUR 16.20 0.50 3.18% |
| Symbol | NITTO |
NITTO DENKO '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 NITTO DENKO'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 NITTO DENKO.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in NITTO DENKO on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding NITTO DENKO P or generate 0.0% return on investment in NITTO DENKO over 30 days. NITTO DENKO is related to or competes with Apple, Apple, Apple, Microsoft, Microsoft, Microsoft, and Microsoft. More
NITTO DENKO 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 NITTO DENKO'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 NITTO DENKO P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0126 | |||
| Maximum Drawdown | 7.99 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 2.67 |
NITTO DENKO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NITTO DENKO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NITTO DENKO's standard deviation. In reality, there are many statistical measures that can use NITTO DENKO historical prices to predict the future NITTO DENKO's volatility.| Risk Adjusted Performance | 0.0301 | |||
| Jensen Alpha | 0.0402 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0104 | |||
| Treynor Ratio | 0.2491 |
NITTO DENKO P Backtested Returns
At this point, NITTO DENKO is not too volatile. NITTO DENKO P has Sharpe Ratio of 0.0635, which conveys that the firm had a 0.0635% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for NITTO DENKO, which you can use to evaluate the volatility of the firm. Please verify NITTO DENKO's Market Risk Adjusted Performance of 0.2591, mean deviation of 1.34, and Risk Adjusted Performance of 0.0301 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. NITTO DENKO has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NITTO DENKO's returns are expected to increase less than the market. However, during the bear market, the loss of holding NITTO DENKO is expected to be smaller as well. NITTO DENKO P currently secures a risk of 1.76%. Please verify NITTO DENKO P maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if NITTO DENKO P will be following its current price movements.
Auto-correlation | 0.21 |
Weak predictability
NITTO DENKO P has weak predictability. Overlapping area represents the amount of predictability between NITTO DENKO time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 NITTO DENKO P price movement. The serial correlation of 0.21 indicates that over 21.0% of current NITTO DENKO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
NITTO DENKO P lagged returns against current returns
Autocorrelation, which is NITTO DENKO 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 NITTO DENKO's stock expected returns. We can calculate the autocorrelation of NITTO DENKO returns to help us make a trade decision. For example, suppose you find that NITTO DENKO 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 |
NITTO DENKO 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 NITTO DENKO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NITTO DENKO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NITTO DENKO stock over time.
Current vs Lagged Prices |
| Timeline |
NITTO DENKO Lagged Returns
When evaluating NITTO DENKO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NITTO DENKO stock have on its future price. NITTO DENKO 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, NITTO DENKO autocorrelation shows the relationship between NITTO DENKO stock current value and its past values and can show if there is a momentum factor associated with investing in NITTO DENKO P.
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.Other Information on Investing in NITTO Stock
NITTO DENKO financial ratios help investors to determine whether NITTO 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 NITTO with respect to the benefits of owning NITTO DENKO security.