Nika Biotechnology Stock Market Value
| NIKA Stock | USD 0.28 0.00 0.00% |
| Symbol | Nika |
Nika BioTechnology '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 Nika BioTechnology'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 Nika BioTechnology.
| 01/01/2025 |
| 12/27/2025 |
If you would invest 0.00 in Nika BioTechnology on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Nika BioTechnology or generate 0.0% return on investment in Nika BioTechnology over 360 days. Nika BioTechnology is related to or competes with Cipher Pharmaceuticals, Spectral Med, Cellectis, Benchmark Holdings, Integrated Diagnostics, Cogstate, and Frontage Holdings. International Professional Trainings Group Limited provides online and face-to-face under-graduate and graduate universi... More
Nika BioTechnology 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 Nika BioTechnology'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 Nika BioTechnology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0212 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 7.69 |
Nika BioTechnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nika BioTechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nika BioTechnology's standard deviation. In reality, there are many statistical measures that can use Nika BioTechnology historical prices to predict the future Nika BioTechnology's volatility.| Risk Adjusted Performance | 0.0313 | |||
| Jensen Alpha | 0.4688 | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.09) |
Nika BioTechnology Backtested Returns
Nika BioTechnology appears to be out of control, given 3 months investment horizon. Nika BioTechnology has Sharpe Ratio of 0.0313, which conveys that the firm had a 0.0313 % return per unit of risk over the last 3 months. We have found eighteen technical indicators for Nika BioTechnology, which you can use to evaluate the volatility of the firm. Please exercise Nika BioTechnology's Risk Adjusted Performance of 0.0313, mean deviation of 2.47, and Standard Deviation of 8.25 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nika BioTechnology holds a performance score of 2. The company secures a Beta (Market Risk) of -2.91, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nika BioTechnology are expected to decrease by larger amounts. On the other hand, during market turmoil, Nika BioTechnology is expected to outperform it. Please check Nika BioTechnology's maximum drawdown, as well as the relationship between the skewness and day median price , to make a quick decision on whether Nika BioTechnology's current price movements will revert.
Auto-correlation | 0.28 |
Poor predictability
Nika BioTechnology has poor predictability. Overlapping area represents the amount of predictability between Nika BioTechnology time series from 1st of January 2025 to 30th of June 2025 and 30th of June 2025 to 27th of December 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 Nika BioTechnology price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Nika BioTechnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Nika BioTechnology lagged returns against current returns
Autocorrelation, which is Nika BioTechnology 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 Nika BioTechnology's pink sheet expected returns. We can calculate the autocorrelation of Nika BioTechnology returns to help us make a trade decision. For example, suppose you find that Nika BioTechnology 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 |
Nika BioTechnology 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 Nika BioTechnology pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nika BioTechnology pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nika BioTechnology pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nika BioTechnology Lagged Returns
When evaluating Nika BioTechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nika BioTechnology pink sheet have on its future price. Nika BioTechnology 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, Nika BioTechnology autocorrelation shows the relationship between Nika BioTechnology pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nika BioTechnology.
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 Nika Pink Sheet
Nika BioTechnology financial ratios help investors to determine whether Nika 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 Nika with respect to the benefits of owning Nika BioTechnology security.