NiSource (Germany) Market Value
| NOU Stock | EUR 35.60 0.40 1.11% |
| Symbol | NiSource |
NiSource '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 NiSource'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 NiSource.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in NiSource on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding NiSource or generate 0.0% return on investment in NiSource over 420 days. NiSource is related to or competes with MICRONIC MYDATA, New Residential, DIVERSIFIED ROYALTY, SEI INVESTMENTS, EAT WELL, ECHO INVESTMENT, and Public Storage. NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United... More
NiSource 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 NiSource'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 NiSource upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | 0.1659 | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.91 |
NiSource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NiSource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NiSource's standard deviation. In reality, there are many statistical measures that can use NiSource historical prices to predict the future NiSource's volatility.| Risk Adjusted Performance | 0.2203 | |||
| Jensen Alpha | 0.2869 | |||
| Total Risk Alpha | 0.1314 | |||
| Sortino Ratio | 0.1723 | |||
| Treynor Ratio | 38.89 |
NiSource Backtested Returns
NiSource appears to be very steady, given 3 months investment horizon. NiSource has Sharpe Ratio of 0.28, which conveys that the firm had a 0.28% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for NiSource, which you can use to evaluate the volatility of the firm. Please exercise NiSource's Mean Deviation of 0.8427, market risk adjusted performance of 38.9, and Risk Adjusted Performance of 0.2203 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NiSource holds a performance score of 21. The company secures a Beta (Market Risk) of 0.0074, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NiSource's returns are expected to increase less than the market. However, during the bear market, the loss of holding NiSource is expected to be smaller as well. Please check NiSource's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether NiSource's current price movements will revert.
Auto-correlation | 0.84 |
Very good predictability
NiSource has very good predictability. Overlapping area represents the amount of predictability between NiSource time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd of December 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 NiSource price movement. The serial correlation of 0.84 indicates that around 84.0% of current NiSource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 7.74 |
NiSource lagged returns against current returns
Autocorrelation, which is NiSource 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 NiSource's stock expected returns. We can calculate the autocorrelation of NiSource returns to help us make a trade decision. For example, suppose you find that NiSource 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 |
NiSource 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 NiSource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NiSource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NiSource stock over time.
Current vs Lagged Prices |
| Timeline |
NiSource Lagged Returns
When evaluating NiSource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NiSource stock have on its future price. NiSource 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, NiSource autocorrelation shows the relationship between NiSource stock current value and its past values and can show if there is a momentum factor associated with investing in NiSource.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in NiSource Stock
When determining whether NiSource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NiSource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nisource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nisource Stock:Check out NiSource Correlation, NiSource Volatility and NiSource Alpha and Beta module to complement your research on NiSource. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
NiSource 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.