Nike Inc Stock Market Value
| NKE Stock | USD 75.10 1.74 2.37% |
| Symbol | Nike |
Nike Inc Price To Book Ratio
Is Textiles, Apparel & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nike. If investors know Nike will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nike listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 1.48 | Earnings Share 3.49 | Revenue Per Share 33.122 | Quarterly Revenue Growth (0.10) |
The market value of Nike Inc is measured differently than its book value, which is the value of Nike that is recorded on the company's balance sheet. Investors also form their own opinion of Nike's value that differs from its market value or its book value, called intrinsic value, which is Nike's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nike's market value can be influenced by many factors that don't directly affect Nike's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Nike on November 28, 2023 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 360 days. Nike is related to or competes with Deckers Outdoor, On Holding, Skechers USA, Steven Madden, Crocs, Designer Brands, and Adidas AG. NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells mens, womens, and kids athletic footwe... 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.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.61 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 1.58 |
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.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.94) |
Nike Inc Backtested Returns
Nike Inc has Sharpe Ratio of -0.0935, which conveys that the firm had a -0.0935% return per unit of risk over the last 3 months. Nike exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nike's Mean Deviation of 1.09, standard deviation of 1.66, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nike's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nike is expected to be smaller as well. At this point, Nike Inc has a negative expected return of -0.16%. Please make sure to verify Nike's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Nike Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Nike Inc has modest predictability. Overlapping area represents the amount of predictability between Nike time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 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 Nike Inc price movement. The serial correlation of 0.51 indicates that about 51.0% of current Nike price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 54.7 |
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.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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.