Nitto Denko Corp Stock Market Value
| NDEKY Stock | USD 17.82 0.26 1.44% |
| 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.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Nitto Denko on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Nitto Denko Corp or generate 0.0% return on investment in Nitto Denko over 30 days. Nitto Denko is related to or competes with Chemours, International Flavors, Air Products, PPG Industries, Linde Plc, Albemarle Corp, and Dupont De. 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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.0523 | |||
| Maximum Drawdown | 11.14 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.58 |
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 | 0.0963 | |||
| Jensen Alpha | 0.1333 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | 0.3362 |
Nitto Denko Corp Backtested Returns
At this stage we consider Nitto Pink Sheet to be very steady. Nitto Denko Corp has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11 % return per unit of risk 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 Mean Deviation of 1.28, risk adjusted performance of 0.0963, and Downside Deviation of 1.83 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Nitto Denko has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.54, which conveys possible diversification benefits within a given portfolio. 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 Corp right now secures a risk of 1.78%. Please verify Nitto Denko Corp downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Nitto Denko Corp will be following its current price movements.
Auto-correlation | -0.33 |
Poor reverse predictability
Nitto Denko Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Nitto Denko time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 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 Corp price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Nitto Denko price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Nitto Denko Corp 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 |
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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 Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Nitto Pink Sheet Analysis
When running Nitto Denko's price analysis, check to measure Nitto Denko's 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 Nitto Denko is operating at the current time. Most of Nitto Denko's value examination focuses on studying past and present price action to predict the probability of Nitto Denko's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitto Denko's price. Additionally, you may evaluate how the addition of Nitto Denko to your portfolios can decrease your overall portfolio volatility.