Nitto Denko's market value is the price at which a share of Nitto Denko trades on a public exchange. It measures the collective expectations of Nitto Denko investors about its performance. Nitto Denko is trading at 18.40 as of the 1st of February 2025. This is a 8.55% increase since the beginning of the trading day. The stock's lowest day price was 18.4. With this module, you can estimate the performance of a buy and hold strategy of Nitto Denko and determine expected loss or profit from investing in Nitto Denko over a given investment horizon. Check out Nitto Denko Correlation, Nitto Denko Volatility and Nitto Denko Alpha and Beta module to complement your research on Nitto Denko.
Please note, there is a significant difference between Nitto Denko's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nitto Denko is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nitto Denko's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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 pink sheet 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.
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02/07/2024
No Change 0.00
0.0
In 11 months and 27 days
02/01/2025
0.00
If you would invest 0.00 in Nitto Denko on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Nitto Denko or generate 0.0% return on investment in Nitto Denko over 360 days. Nitto Denko is related to or competes with Minerals Technologies, Hawkins, NewMarket, Ecovyst, and Element Solutions. Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally 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 pink sheet 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 upside and downside potential and time the market with a certain degree of confidence.
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.
Nitto Denko appears to be out of control, given 3 months investment horizon. Nitto Denko has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Nitto Denko, which you can use to evaluate the volatility of the firm. Please exercise Nitto Denko's Mean Deviation of 0.8516, risk adjusted performance of 0.1091, and Standard Deviation of 1.9 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nitto Denko holds a performance score of 9. The company secures a Beta (Market Risk) of -0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nitto Denko are expected to decrease at a much lower rate. During the bear market, Nitto Denko is likely to outperform the market. Please check Nitto Denko's skewness, as well as the relationship between the rate of daily change and price action indicator , to make a quick decision on whether Nitto Denko's current price movements will revert.
Auto-correlation
-0.22
Weak reverse predictability
Nitto Denko has weak reverse predictability. Overlapping area represents the amount of predictability between Nitto Denko time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. 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 price movement. The serial correlation of -0.22 indicates that over 22.0% of current Nitto Denko price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.22
Spearman Rank Test
-0.34
Residual Average
0.0
Price Variance
913.53
Nitto Denko lagged returns against current returns
Autocorrelation, which is Nitto Denko pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nitto Denko pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nitto Denko pink sheet over time.
Current vs Lagged Prices
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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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nitto Denko.
Other Information on Investing in Nitto Pink Sheet
Nitto Denko financial ratios help investors to determine whether Nitto Pink Sheet 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.