Nippon Sharyo (Germany) Market Value
| NIP Stock | EUR 14.30 0.20 1.42% |
| Symbol | Nippon |
Nippon Sharyo '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 Nippon Sharyo'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 Nippon Sharyo.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Nippon Sharyo on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nippon Sharyo or generate 0.0% return on investment in Nippon Sharyo over 30 days. Nippon Sharyo is related to or competes with Comba Telecom, Ribbon Communications, Monster Beverage, G III, Boston Beer, CITIC Telecom, and CHINA TELECOM. Nippon Sharyo, Ltd. manufactures and sells railway rolling stock, transportation equipment, steel structures, constructi... More
Nippon Sharyo 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 Nippon Sharyo'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 Nippon Sharyo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0214 | |||
| Maximum Drawdown | 8.39 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.24 |
Nippon Sharyo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nippon Sharyo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nippon Sharyo's standard deviation. In reality, there are many statistical measures that can use Nippon Sharyo historical prices to predict the future Nippon Sharyo's volatility.| Risk Adjusted Performance | 0.0862 | |||
| Jensen Alpha | 0.1415 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0194 | |||
| Treynor Ratio | 7.93 |
Nippon Sharyo Backtested Returns
Currently, Nippon Sharyo is very steady. Nippon Sharyo has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nippon Sharyo, which you can use to evaluate the volatility of the firm. Please verify Nippon Sharyo's Mean Deviation of 0.9786, downside deviation of 1.5, and Risk Adjusted Performance of 0.0862 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Nippon Sharyo has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0181, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nippon Sharyo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nippon Sharyo is expected to be smaller as well. Nippon Sharyo right now secures a risk of 1.35%. Please verify Nippon Sharyo expected short fall, day typical price, and the relationship between the potential upside and daily balance of power , to decide if Nippon Sharyo will be following its current price movements.
Auto-correlation | 0.54 |
Modest predictability
Nippon Sharyo has modest predictability. Overlapping area represents the amount of predictability between Nippon Sharyo time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Nippon Sharyo price movement. The serial correlation of 0.54 indicates that about 54.0% of current Nippon Sharyo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Nippon Sharyo lagged returns against current returns
Autocorrelation, which is Nippon Sharyo 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 Nippon Sharyo's stock expected returns. We can calculate the autocorrelation of Nippon Sharyo returns to help us make a trade decision. For example, suppose you find that Nippon Sharyo 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 |
Nippon Sharyo 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 Nippon Sharyo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nippon Sharyo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nippon Sharyo stock over time.
Current vs Lagged Prices |
| Timeline |
Nippon Sharyo Lagged Returns
When evaluating Nippon Sharyo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nippon Sharyo stock have on its future price. Nippon Sharyo 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, Nippon Sharyo autocorrelation shows the relationship between Nippon Sharyo stock current value and its past values and can show if there is a momentum factor associated with investing in Nippon Sharyo.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Nippon Stock Analysis
When running Nippon Sharyo's price analysis, check to measure Nippon Sharyo'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 Nippon Sharyo is operating at the current time. Most of Nippon Sharyo's value examination focuses on studying past and present price action to predict the probability of Nippon Sharyo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nippon Sharyo's price. Additionally, you may evaluate how the addition of Nippon Sharyo to your portfolios can decrease your overall portfolio volatility.