Ngk Insulators Stock Market Value
| NGKIF Stock | USD 12.88 0.00 0.00% |
| Symbol | NGK |
NGK Insulators '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 NGK Insulators' 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 NGK Insulators.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in NGK Insulators on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding NGK Insulators or generate 0.0% return on investment in NGK Insulators over 720 days. NGK Insulators is related to or competes with Dear Cashmere. NGK Insulators, Ltd., together with its subsidiaries, manufactures and sells electric power related equipment in Japan, ... More
NGK Insulators 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 NGK Insulators' 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 NGK Insulators upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0418 | |||
| Maximum Drawdown | 14.01 | |||
| Potential Upside | 3.0 |
NGK Insulators Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NGK Insulators' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NGK Insulators' standard deviation. In reality, there are many statistical measures that can use NGK Insulators historical prices to predict the future NGK Insulators' volatility.| Risk Adjusted Performance | 0.0901 | |||
| Jensen Alpha | 0.1653 | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 2.83 |
NGK Insulators Backtested Returns
NGK Insulators appears to be not too volatile, given 3 months investment horizon. NGK Insulators has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of volatility over the last 3 months. We have found eighteen technical indicators for NGK Insulators, which you can use to evaluate the volatility of the firm. Please exercise NGK Insulators' risk adjusted performance of 0.0901, and Mean Deviation of 0.6311 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NGK Insulators holds a performance score of 9. The company secures a Beta (Market Risk) of 0.0606, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NGK Insulators' returns are expected to increase less than the market. However, during the bear market, the loss of holding NGK Insulators is expected to be smaller as well. Please check NGK Insulators' maximum drawdown, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether NGK Insulators' current price movements will revert.
Auto-correlation | 0.62 |
Good predictability
NGK Insulators has good predictability. Overlapping area represents the amount of predictability between NGK Insulators time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 NGK Insulators price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current NGK Insulators price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
NGK Insulators lagged returns against current returns
Autocorrelation, which is NGK Insulators 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 NGK Insulators' pink sheet expected returns. We can calculate the autocorrelation of NGK Insulators returns to help us make a trade decision. For example, suppose you find that NGK Insulators 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 |
NGK Insulators 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 NGK Insulators pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NGK Insulators pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NGK Insulators pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NGK Insulators Lagged Returns
When evaluating NGK Insulators' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NGK Insulators pink sheet have on its future price. NGK Insulators 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, NGK Insulators autocorrelation shows the relationship between NGK Insulators pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NGK Insulators.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NGK Pink Sheet
NGK Insulators financial ratios help investors to determine whether NGK 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 NGK with respect to the benefits of owning NGK Insulators security.