NIPPON MEAT (Germany) Market Value
| NI6 Stock | EUR 31.00 0.40 1.31% |
| Symbol | NIPPON |
NIPPON MEAT '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 NIPPON MEAT'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 NIPPON MEAT.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in NIPPON MEAT on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding NIPPON MEAT PACKERS or generate 0.0% return on investment in NIPPON MEAT over 720 days. NIPPON MEAT is related to or competes with Selective Insurance, Carsales, MCEWEN MINING, Singapore Reinsurance, Insurance Australia, LIFENET INSURANCE, and Geely Automobile. More
NIPPON MEAT 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 NIPPON MEAT'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 NIPPON MEAT PACKERS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.19 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.8 |
NIPPON MEAT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NIPPON MEAT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIPPON MEAT's standard deviation. In reality, there are many statistical measures that can use NIPPON MEAT historical prices to predict the future NIPPON MEAT's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.3207 |
NIPPON MEAT PACKERS Backtested Returns
NIPPON MEAT PACKERS has Sharpe Ratio of -0.069, which conveys that the firm had a -0.069% return per unit of volatility over the last 3 months. NIPPON MEAT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NIPPON MEAT's mean deviation of 0.9741, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NIPPON MEAT are expected to decrease at a much lower rate. During the bear market, NIPPON MEAT is likely to outperform the market. At this point, NIPPON MEAT PACKERS has a negative expected return of -0.11%. Please make sure to verify NIPPON MEAT's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if NIPPON MEAT PACKERS performance from the past will be repeated at future time.
Auto-correlation | 0.75 |
Good predictability
NIPPON MEAT PACKERS has good predictability. Overlapping area represents the amount of predictability between NIPPON MEAT time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 NIPPON MEAT PACKERS price movement. The serial correlation of 0.75 indicates that around 75.0% of current NIPPON MEAT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 3.99 |
NIPPON MEAT PACKERS lagged returns against current returns
Autocorrelation, which is NIPPON MEAT 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 NIPPON MEAT's stock expected returns. We can calculate the autocorrelation of NIPPON MEAT returns to help us make a trade decision. For example, suppose you find that NIPPON MEAT 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 |
NIPPON MEAT 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 NIPPON MEAT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIPPON MEAT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIPPON MEAT stock over time.
Current vs Lagged Prices |
| Timeline |
NIPPON MEAT Lagged Returns
When evaluating NIPPON MEAT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIPPON MEAT stock have on its future price. NIPPON MEAT 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, NIPPON MEAT autocorrelation shows the relationship between NIPPON MEAT stock current value and its past values and can show if there is a momentum factor associated with investing in NIPPON MEAT PACKERS.
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 NIPPON Stock
NIPPON MEAT financial ratios help investors to determine whether NIPPON 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 NIPPON with respect to the benefits of owning NIPPON MEAT security.