Nice Ltd Adr Stock Market Value
| NICE Stock | USD 179.84 2.67 1.46% |
| Symbol | Nice |
Nice Ltd ADR Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nice. If investors know Nice will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nice listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.344 | Earnings Share 6.48 | Revenue Per Share 1.6083 | Quarterly Revenue Growth 0.143 | Return On Assets 0.0606 |
The market value of Nice Ltd ADR is measured differently than its book value, which is the value of Nice that is recorded on the company's balance sheet. Investors also form their own opinion of Nice's value that differs from its market value or its book value, called intrinsic value, which is Nice's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nice's market value can be influenced by many factors that don't directly affect Nice's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nice'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.
Nice '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 Nice'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 Nice.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nice on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nice Ltd ADR or generate 0.0% return on investment in Nice over 30 days. Nice is related to or competes with Verint Systems, Elbit Systems, AudioCodes, HubSpot, and Tower Semiconductor. NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide More
Nice 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 Nice'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 Nice Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.25 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 3.26 |
Nice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nice's standard deviation. In reality, there are many statistical measures that can use Nice historical prices to predict the future Nice's volatility.| Risk Adjusted Performance | 0.0207 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0226 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nice's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nice Ltd ADR Backtested Returns
At this point, Nice is very steady. Nice Ltd ADR has Sharpe Ratio of 0.0353, which conveys that the firm had a 0.0353% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nice, which you can use to evaluate the volatility of the firm. Please verify Nice's Downside Deviation of 2.65, risk adjusted performance of 0.0207, and Mean Deviation of 1.62 to check out if the risk estimate we provide is consistent with the expected return of 0.0811%. Nice has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.42, 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, Nice will likely underperform. Nice Ltd ADR right now secures a risk of 2.3%. Please verify Nice Ltd ADR maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Nice Ltd ADR will be following its current price movements.
Auto-correlation | 0.46 |
Average predictability
Nice Ltd ADR has average predictability. Overlapping area represents the amount of predictability between Nice time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Nice Ltd ADR price movement. The serial correlation of 0.46 indicates that about 46.0% of current Nice price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 62.71 |
Nice Ltd ADR lagged returns against current returns
Autocorrelation, which is Nice 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 Nice's stock expected returns. We can calculate the autocorrelation of Nice returns to help us make a trade decision. For example, suppose you find that Nice 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 |
Nice 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 Nice stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nice stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nice stock over time.
Current vs Lagged Prices |
| Timeline |
Nice Lagged Returns
When evaluating Nice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nice stock have on its future price. Nice 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, Nice autocorrelation shows the relationship between Nice stock current value and its past values and can show if there is a momentum factor associated with investing in Nice Ltd ADR.
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.When determining whether Nice Ltd ADR is a strong investment it is important to analyze Nice's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nice's future performance. For an informed investment choice regarding Nice Stock, refer to the following important reports:Check out Nice Correlation, Nice Volatility and Nice Alpha and Beta module to complement your research on Nice. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Nice technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.