Ni Holdings Stock Market Value
| NODK Stock | USD 16.70 0.21 1.27% |
| Symbol | NODK |
NI Holdings Price To Book Ratio
Is Property & Casualty Insurance 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 NI Holdings. If investors know NODK 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 NI Holdings 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 6.564 | Earnings Share (0.43) | Revenue Per Share 18.702 | Quarterly Revenue Growth 0.14 | Return On Assets (0) |
The market value of NI Holdings is measured differently than its book value, which is the value of NODK that is recorded on the company's balance sheet. Investors also form their own opinion of NI Holdings' value that differs from its market value or its book value, called intrinsic value, which is NI Holdings' 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 NI Holdings' market value can be influenced by many factors that don't directly affect NI Holdings' 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 NI Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if NI Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NI Holdings' 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.
NI Holdings '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 NI Holdings' 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 NI Holdings.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in NI Holdings on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding NI Holdings or generate 0.0% return on investment in NI Holdings over 720 days. NI Holdings is related to or competes with Horace Mann, Donegal Group, Global Indemnity, Selective Insurance, Selective Insurance, Kemper, and Donegal Group. NI Holdings, Inc. underwrites property and casualty insurance products in the United States More
NI Holdings 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 NI Holdings' 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 NI Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.6 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.13 |
NI Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NI Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NI Holdings' standard deviation. In reality, there are many statistical measures that can use NI Holdings historical prices to predict the future NI Holdings' volatility.| Risk Adjusted Performance | 0.0517 | |||
| Jensen Alpha | 0.0139 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1219 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NI Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NI Holdings Backtested Returns
As of now, NODK Stock is very steady. NI Holdings retains Efficiency (Sharpe Ratio) of 0.13, which conveys that the firm had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for NI Holdings, which you can use to evaluate the volatility of the firm. Please verify NI Holdings' Mean Deviation of 1.1, standard deviation of 1.39, and Market Risk Adjusted Performance of 0.1319 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. NI Holdings has a performance score of 10 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.62, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NI Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding NI Holdings is expected to be smaller as well. NI Holdings today owns a risk of 1.28%. Please verify NI Holdings potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if NI Holdings will be following its current price history.
Auto-correlation | -0.22 |
Weak reverse predictability
NI Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between NI Holdings time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 NI Holdings price movement. The serial correlation of -0.22 indicates that over 22.0% of current NI Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
NI Holdings lagged returns against current returns
Autocorrelation, which is NI Holdings 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 NI Holdings' stock expected returns. We can calculate the autocorrelation of NI Holdings returns to help us make a trade decision. For example, suppose you find that NI Holdings 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 |
NI Holdings 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 NI Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NI Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NI Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
NI Holdings Lagged Returns
When evaluating NI Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NI Holdings stock have on its future price. NI Holdings 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, NI Holdings autocorrelation shows the relationship between NI Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in NI Holdings.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out NI Holdings Correlation, NI Holdings Volatility and NI Holdings Alpha and Beta module to complement your research on NI Holdings. For more information on how to buy NODK Stock please use our How to buy in NODK Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
NI Holdings 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.