Nippon Shinyaku Co Stock Market Value
| NPPNY Stock | USD 6.75 0.00 0.00% |
| Symbol | Nippon |
Nippon Shinyaku '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 Nippon Shinyaku's pink sheet 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 Nippon Shinyaku.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Nippon Shinyaku on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nippon Shinyaku Co or generate 0.0% return on investment in Nippon Shinyaku over 180 days. Nippon Shinyaku is related to or competes with Genomma Lab, Procyon, Hypera SA, Cumberland Pharmaceuticals, Curaleaf Holdings, Aurora Cannabis, and Canopy Growth. Nippon Shinyaku Co., Ltd. manufactures and sells pharmaceuticals and foodstuffs in Japan, Switzerland, and international... More
Nippon Shinyaku 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 Nippon Shinyaku's pink sheet 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 Nippon Shinyaku Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0364 | |||
| Maximum Drawdown | 15.88 |
Nippon Shinyaku Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nippon Shinyaku's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nippon Shinyaku's standard deviation. In reality, there are many statistical measures that can use Nippon Shinyaku historical prices to predict the future Nippon Shinyaku's volatility.| Risk Adjusted Performance | 0.0816 | |||
| Jensen Alpha | 0.212 | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (1.56) |
Nippon Shinyaku Backtested Returns
Nippon Shinyaku appears to be somewhat reliable, given 3 months investment horizon. Nippon Shinyaku has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Nippon Shinyaku, which you can use to evaluate the volatility of the firm. Please exercise Nippon Shinyaku's Risk Adjusted Performance of 0.0816, mean deviation of 0.6646, and Standard Deviation of 2.1 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nippon Shinyaku holds a performance score of 7. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nippon Shinyaku are expected to decrease at a much lower rate. During the bear market, Nippon Shinyaku is likely to outperform the market. Please check Nippon Shinyaku's jensen alpha and day typical price , to make a quick decision on whether Nippon Shinyaku's current price movements will revert.
Auto-correlation | 0.79 |
Good predictability
Nippon Shinyaku Co has good predictability. Overlapping area represents the amount of predictability between Nippon Shinyaku time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Nippon Shinyaku price movement. The serial correlation of 0.79 indicates that around 79.0% of current Nippon Shinyaku price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Nippon Shinyaku lagged returns against current returns
Autocorrelation, which is Nippon Shinyaku pink sheet'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 Nippon Shinyaku's pink sheet expected returns. We can calculate the autocorrelation of Nippon Shinyaku returns to help us make a trade decision. For example, suppose you find that Nippon Shinyaku has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nippon Shinyaku 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 Nippon Shinyaku pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nippon Shinyaku pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nippon Shinyaku pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nippon Shinyaku Lagged Returns
When evaluating Nippon Shinyaku's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nippon Shinyaku pink sheet have on its future price. Nippon Shinyaku 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, Nippon Shinyaku autocorrelation shows the relationship between Nippon Shinyaku pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nippon Shinyaku Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for Nippon Pink Sheet Analysis
When running Nippon Shinyaku's price analysis, check to measure Nippon Shinyaku'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 Nippon Shinyaku is operating at the current time. Most of Nippon Shinyaku's value examination focuses on studying past and present price action to predict the probability of Nippon Shinyaku's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nippon Shinyaku's price. Additionally, you may evaluate how the addition of Nippon Shinyaku to your portfolios can decrease your overall portfolio volatility.