Nickel Asia (Philippines) Market Value
| NIKL Stock | 3.05 0.08 2.69% |
| Symbol | Nickel |
Nickel Asia '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 Nickel Asia'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 Nickel Asia.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Nickel Asia on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Nickel Asia Corp or generate 0.0% return on investment in Nickel Asia over 360 days. Nickel Asia is related to or competes with Prime Media, Concepcion Industrial, Allhome Corp, East West, Sun Life, Philex Mining, and STI Education. More
Nickel Asia 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 Nickel Asia'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 Nickel Asia Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.97 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 4.83 |
Nickel Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nickel Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nickel Asia's standard deviation. In reality, there are many statistical measures that can use Nickel Asia historical prices to predict the future Nickel Asia's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.45) |
Nickel Asia Corp Backtested Returns
Nickel Asia Corp has Sharpe Ratio of -0.0453, which conveys that the firm had a -0.0453% return per unit of risk over the last 3 months. Nickel Asia exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nickel Asia's Risk Adjusted Performance of (0.06), mean deviation of 1.7, and Standard Deviation of 2.3 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nickel Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nickel Asia is expected to be smaller as well. At this point, Nickel Asia Corp has a negative expected return of -0.11%. Please make sure to verify Nickel Asia's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Nickel Asia Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Nickel Asia Corp has below average predictability. Overlapping area represents the amount of predictability between Nickel Asia time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Nickel Asia Corp price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Nickel Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Nickel Asia Corp lagged returns against current returns
Autocorrelation, which is Nickel Asia 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 Nickel Asia's stock expected returns. We can calculate the autocorrelation of Nickel Asia returns to help us make a trade decision. For example, suppose you find that Nickel Asia 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 |
Nickel Asia 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 Nickel Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nickel Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nickel Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Nickel Asia Lagged Returns
When evaluating Nickel Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nickel Asia stock have on its future price. Nickel Asia 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, Nickel Asia autocorrelation shows the relationship between Nickel Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Nickel Asia Corp.
Regressed Prices |
| Timeline |
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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 Tools for Nickel Stock Analysis
When running Nickel Asia's price analysis, check to measure Nickel Asia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nickel Asia is operating at the current time. Most of Nickel Asia's value examination focuses on studying past and present price action to predict the probability of Nickel Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nickel Asia's price. Additionally, you may evaluate how the addition of Nickel Asia to your portfolios can decrease your overall portfolio volatility.