Nissan (Israel) Market Value
| NISA Stock | ILS 1,633 22.00 1.33% |
| Symbol | Nissan |
Nissan '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 Nissan'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 Nissan.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Nissan on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nissan or generate 0.0% return on investment in Nissan over 30 days. Nissan is related to or competes with Adgar Investments, Millennium Food, Willy Food, Harel Insurance, Meitav Dash, Batm Advanced, and Amot Investments. Nissan Medical Industries Ltd., through its subsidiary, produces and sells spun lace non-woven fabrics in the United Sta... More
Nissan 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 Nissan'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 Nissan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 1.0E-4 | |||
| Maximum Drawdown | 15.4 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 4.01 |
Nissan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nissan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nissan's standard deviation. In reality, there are many statistical measures that can use Nissan historical prices to predict the future Nissan's volatility.| Risk Adjusted Performance | 0.0434 | |||
| Jensen Alpha | 0.0998 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 1.0E-4 | |||
| Treynor Ratio | 0.6911 |
Nissan Backtested Returns
Nissan appears to be very steady, given 3 months investment horizon. Nissan has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nissan, which you can use to evaluate the volatility of the firm. Please exercise Nissan's Risk Adjusted Performance of 0.0434, mean deviation of 1.94, and Downside Deviation of 3.51 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nissan holds a performance score of 13. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nissan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nissan is expected to be smaller as well. Please check Nissan's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Nissan's current price movements will revert.
Auto-correlation | 0.76 |
Good predictability
Nissan has good predictability. Overlapping area represents the amount of predictability between Nissan time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Nissan price movement. The serial correlation of 0.76 indicates that around 76.0% of current Nissan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1719.29 |
Nissan lagged returns against current returns
Autocorrelation, which is Nissan 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 Nissan's stock expected returns. We can calculate the autocorrelation of Nissan returns to help us make a trade decision. For example, suppose you find that Nissan 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 |
Nissan 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 Nissan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nissan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nissan stock over time.
Current vs Lagged Prices |
| Timeline |
Nissan Lagged Returns
When evaluating Nissan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nissan stock have on its future price. Nissan 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, Nissan autocorrelation shows the relationship between Nissan stock current value and its past values and can show if there is a momentum factor associated with investing in Nissan.
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.Other Information on Investing in Nissan Stock
Nissan financial ratios help investors to determine whether Nissan Stock 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 Nissan with respect to the benefits of owning Nissan security.