Nikon Corp Stock Market Value
| NINOY Stock | USD 12.11 0.07 0.58% |
| Symbol | Nikon |
Nikon Corp '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 Nikon Corp'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 Nikon Corp.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Nikon Corp on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Nikon Corp or generate 0.0% return on investment in Nikon Corp over 720 days. Nikon Corp is related to or competes with Yamaha Corp, Planet Fitness, Plby, Shimano, BANDAI NAMCO, Madison Square, and Shimano. Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and inter... More
Nikon Corp 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 Nikon Corp'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 Nikon Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.0487 | |||
| Maximum Drawdown | 13.5 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 4.67 |
Nikon Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nikon Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nikon Corp's standard deviation. In reality, there are many statistical measures that can use Nikon Corp historical prices to predict the future Nikon Corp's volatility.| Risk Adjusted Performance | 0.0754 | |||
| Jensen Alpha | 0.195 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0514 | |||
| Treynor Ratio | 0.6518 |
Nikon Corp Backtested Returns
Nikon Corp appears to be not too volatile, given 3 months investment horizon. Nikon Corp has Sharpe Ratio of 0.0822, which conveys that the firm had a 0.0822% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nikon Corp, which you can use to evaluate the volatility of the firm. Please exercise Nikon Corp's Downside Deviation of 2.54, mean deviation of 2.04, and Risk Adjusted Performance of 0.0754 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nikon Corp holds a performance score of 6. The company secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nikon Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nikon Corp is expected to be smaller as well. Please check Nikon Corp's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Nikon Corp's current price movements will revert.
Auto-correlation | 0.02 |
Virtually no predictability
Nikon Corp has virtually no predictability. Overlapping area represents the amount of predictability between Nikon Corp time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Nikon Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current Nikon Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Nikon Corp lagged returns against current returns
Autocorrelation, which is Nikon Corp 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 Nikon Corp's pink sheet expected returns. We can calculate the autocorrelation of Nikon Corp returns to help us make a trade decision. For example, suppose you find that Nikon Corp 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 |
Nikon Corp 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 Nikon Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nikon Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nikon Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nikon Corp Lagged Returns
When evaluating Nikon Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nikon Corp pink sheet have on its future price. Nikon Corp 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, Nikon Corp autocorrelation shows the relationship between Nikon Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nikon 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 Nikon Pink Sheet Analysis
When running Nikon Corp's price analysis, check to measure Nikon Corp'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 Nikon Corp is operating at the current time. Most of Nikon Corp's value examination focuses on studying past and present price action to predict the probability of Nikon Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nikon Corp's price. Additionally, you may evaluate how the addition of Nikon Corp to your portfolios can decrease your overall portfolio volatility.