Nitto Denko Stock Market Value
| NDEKF Stock | USD 15.60 0.55 3.41% |
| 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 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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Nitto Denko on October 26, 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 30 days. Nitto Denko is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, and T Rowe. 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.
| Downside Deviation | 62.04 | |||
| Information Ratio | 0.1196 | |||
| Maximum Drawdown | 514.01 | |||
| Value At Risk | (4.10) |
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 | 0.1029 | |||
| Jensen Alpha | 8.82 | |||
| Total Risk Alpha | (2.81) | |||
| Sortino Ratio | 0.1493 | |||
| Treynor Ratio | 2.01 |
Nitto Denko Backtested Returns
Nitto Denko is out of control given 3 months investment horizon. Nitto Denko has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 10.0% are justified by taking the suggested risk. Use Nitto Denko Risk Adjusted Performance of 0.1029, mean deviation of 25.72, and Downside Deviation of 62.04 to evaluate company specific risk that cannot be diversified away. Nitto Denko holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 4.66, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nitto Denko will likely underperform. Use Nitto Denko maximum drawdown, kurtosis, period momentum indicator, as well as the relationship between the semi variance and day median price , to analyze future returns on Nitto Denko.
Auto-correlation | 0.67 |
Good predictability
Nitto Denko has good predictability. Overlapping area represents the amount of predictability between Nitto Denko time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Nitto Denko price movement. The serial correlation of 0.67 indicates that around 67.0% of current Nitto Denko price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
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 |
| 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 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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.