Nike Inc Cdr Stock Market Value
| NKE Stock | 14.72 0.03 0.20% |
| Symbol | NIKE |
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.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in NIKE on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding NIKE Inc CDR or generate 0.0% return on investment in NIKE over 180 days. NIKE is related to or competes with Metalero Mining, High Liner, Capstone Mining, Gfl Environmental, Diamond Estates, Arizona Gold, and A W. NIKE is entity of Canada. It is traded as Stock on NEO exchange. 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 CDR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 13.58 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.46 |
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 | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.32) |
NIKE Inc CDR Backtested Returns
NIKE Inc CDR has Sharpe Ratio of -0.0177, which conveys that the firm had a -0.0177% return per unit of volatility 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 1.22, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. 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 CDR has a negative expected return of -0.0317%. Please make sure to verify NIKE's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if NIKE Inc CDR performance from the past will be repeated at future time.
Auto-correlation | 0.24 |
Weak predictability
NIKE Inc CDR has weak predictability. Overlapping area represents the amount of predictability between NIKE time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 CDR price movement. The serial correlation of 0.24 indicates that over 24.0% of current NIKE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
NIKE Inc CDR 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 CDR.
Regressed Prices |
| Timeline |
Pair Trading with NIKE
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NIKE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NIKE will appreciate offsetting losses from the drop in the long position's value.Moving together with NIKE Stock
The ability to find closely correlated positions to NIKE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NIKE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NIKE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NIKE Inc CDR to buy it.
The correlation of NIKE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NIKE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NIKE Inc CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NIKE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in NIKE Stock
NIKE financial ratios help investors to determine whether NIKE 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 NIKE with respect to the benefits of owning NIKE security.