NIKE (Brazil) Market Value

NIKE34 Stock  BRL 47.95  0.47  0.99%   
NIKE's market value is the price at which a share of NIKE trades on a public exchange. It measures the collective expectations of NIKE Inc investors about its performance. NIKE is trading at 47.95 as of the 18th of December 2024, a 0.99 percent increase since the beginning of the trading day. The stock's open price was 47.48.
With this module, you can estimate the performance of a buy and hold strategy of NIKE Inc and determine expected loss or profit from investing in NIKE over a given investment horizon. Check out NIKE Correlation, NIKE Volatility and NIKE Alpha and Beta module to complement your research on NIKE.
Symbol

Please note, there is a significant difference between NIKE's value and its price as these two are different measures arrived at by different means. Investors typically determine if NIKE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NIKE'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.

NIKE '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 NIKE'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 NIKE.
0.00
11/18/2024
No Change 0.00  0.0 
In 30 days
12/18/2024
0.00
If you would invest  0.00  in NIKE on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding NIKE Inc or generate 0.0% return on investment in NIKE over 30 days. NIKE is related to or competes with CVS Health, MAHLE Metal, GP Investments, Sumitomo Mitsui, UnitedHealth Group, and Mitsubishi UFJ. NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment,... More

NIKE 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 NIKE'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 NIKE Inc upside and downside potential and time the market with a certain degree of confidence.

NIKE Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NIKE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIKE's standard deviation. In reality, there are many statistical measures that can use NIKE historical prices to predict the future NIKE's volatility.
Hype
Prediction
LowEstimatedHigh
46.0147.9549.89
Details
Intrinsic
Valuation
LowRealHigh
37.4639.4052.75
Details
Naive
Forecast
LowNextHigh
44.2446.1948.13
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
42.7445.6448.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NIKE. Your research has to be compared to or analyzed against NIKE's peers to derive any actionable benefits. When done correctly, NIKE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NIKE Inc.

NIKE Inc Backtested Returns

At this point, NIKE is very steady. NIKE Inc has Sharpe Ratio of 0.0841, which conveys that the firm had a 0.0841% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NIKE, which you can use to evaluate the volatility of the firm. Please verify NIKE's risk adjusted performance of 0.0584, and Mean Deviation of 1.24 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. NIKE has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0175, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NIKE are expected to decrease at a much lower rate. During the bear market, NIKE is likely to outperform the market. NIKE Inc currently secures a risk of 1.94%. Please verify NIKE Inc standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if NIKE Inc will be following its current price movements.

Auto-correlation

    
  -0.08  

Very weak reverse predictability

NIKE Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between NIKE time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 NIKE Inc price movement. The serial correlation of -0.08 indicates that barely 8.0% of current NIKE price fluctuation can be explain by its past prices.
Correlation Coefficient-0.08
Spearman Rank Test-0.2
Residual Average0.0
Price Variance0.3

NIKE Inc lagged returns against current returns

Autocorrelation, which is NIKE 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 NIKE's stock expected returns. We can calculate the autocorrelation of NIKE returns to help us make a trade decision. For example, suppose you find that NIKE 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  

NIKE 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 NIKE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIKE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIKE stock over time.
   Current vs Lagged Prices   
       Timeline  

NIKE Lagged Returns

When evaluating NIKE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIKE stock have on its future price. NIKE 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, NIKE autocorrelation shows the relationship between NIKE stock current value and its past values and can show if there is a momentum factor associated with investing in NIKE Inc.
   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.

Additional Information and Resources on Investing in NIKE Stock

When determining whether NIKE Inc is a strong investment it is important to analyze NIKE'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 NIKE's future performance. For an informed investment choice regarding NIKE Stock, refer to the following important reports:
Check out NIKE Correlation, NIKE Volatility and NIKE Alpha and Beta module to complement your research on NIKE.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
NIKE 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.
A focus of NIKE technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NIKE trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...