Niagara Mohawk Power Stock Market Value
| NMKBP Stock | 65.60 0.00 0.00% |
| Symbol | Niagara |
Is Stock 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 Niagara Mohawk. If investors know Niagara 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 Niagara Mohawk listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Niagara Mohawk Power is measured differently than its book value, which is the value of Niagara that is recorded on the company's balance sheet. Investors also form their own opinion of Niagara Mohawk's value that differs from its market value or its book value, called intrinsic value, which is Niagara Mohawk'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 Niagara Mohawk's market value can be influenced by many factors that don't directly affect Niagara Mohawk'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 Niagara Mohawk's value and its price as these two are different measures arrived at by different means. Investors typically determine if Niagara Mohawk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Niagara Mohawk'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.
Niagara Mohawk '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 Niagara Mohawk'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 Niagara Mohawk.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Niagara Mohawk on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Niagara Mohawk Power or generate 0.0% return on investment in Niagara Mohawk over 30 days. Niagara Mohawk is related to or competes with FitLife Brands,, Ultra Clean, Grocery Outlet, Summit Materials, National Beverage, and Natural Alternatives. Niagara Mohawk is entity of United States More
Niagara Mohawk 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 Niagara Mohawk'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 Niagara Mohawk Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.48 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 1.52 |
Niagara Mohawk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Niagara Mohawk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Niagara Mohawk's standard deviation. In reality, there are many statistical measures that can use Niagara Mohawk historical prices to predict the future Niagara Mohawk's volatility.| Risk Adjusted Performance | 0.0805 | |||
| Jensen Alpha | 0.0682 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3479 |
Niagara Mohawk Power Backtested Returns
Currently, Niagara Mohawk Power is out of control. Niagara Mohawk Power has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Niagara Mohawk, which you can use to evaluate the volatility of the firm. Please verify Niagara Mohawk's Standard Deviation of 1.13, mean deviation of 0.4721, and Risk Adjusted Performance of 0.0805 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Niagara Mohawk has a performance score of 11 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Niagara Mohawk's returns are expected to increase less than the market. However, during the bear market, the loss of holding Niagara Mohawk is expected to be smaller as well. Niagara Mohawk Power right now secures a risk of 0.78%. Please verify Niagara Mohawk Power information ratio, as well as the relationship between the skewness and relative strength index , to decide if Niagara Mohawk Power will be following its current price movements.
Auto-correlation | -0.08 |
Very weak reverse predictability
Niagara Mohawk Power has very weak reverse predictability. Overlapping area represents the amount of predictability between Niagara Mohawk 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 Niagara Mohawk Power price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Niagara Mohawk price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Niagara Mohawk Power lagged returns against current returns
Autocorrelation, which is Niagara Mohawk 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 Niagara Mohawk's stock expected returns. We can calculate the autocorrelation of Niagara Mohawk returns to help us make a trade decision. For example, suppose you find that Niagara Mohawk 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 |
Niagara Mohawk 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 Niagara Mohawk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Niagara Mohawk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Niagara Mohawk stock over time.
Current vs Lagged Prices |
| Timeline |
Niagara Mohawk Lagged Returns
When evaluating Niagara Mohawk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Niagara Mohawk stock have on its future price. Niagara Mohawk 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, Niagara Mohawk autocorrelation shows the relationship between Niagara Mohawk stock current value and its past values and can show if there is a momentum factor associated with investing in Niagara Mohawk Power.
Regressed Prices |
| Timeline |
Pair Trading with Niagara Mohawk
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 Niagara Mohawk 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 Niagara Mohawk will appreciate offsetting losses from the drop in the long position's value.Moving together with Niagara Stock
Moving against Niagara Stock
| 0.89 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.83 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.68 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.31 | MPW | Medical Properties Trust Aggressive Push | PairCorr |
The ability to find closely correlated positions to Niagara Mohawk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Niagara Mohawk 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 Niagara Mohawk - 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 Niagara Mohawk Power to buy it.
The correlation of Niagara Mohawk 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 Niagara Mohawk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Niagara Mohawk Power 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 Niagara Mohawk 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.Additional Tools for Niagara Stock Analysis
When running Niagara Mohawk's price analysis, check to measure Niagara Mohawk'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 Niagara Mohawk is operating at the current time. Most of Niagara Mohawk's value examination focuses on studying past and present price action to predict the probability of Niagara Mohawk's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Niagara Mohawk's price. Additionally, you may evaluate how the addition of Niagara Mohawk to your portfolios can decrease your overall portfolio volatility.