Nippon Steel Corp Stock Market Value
| NPSCY Stock | USD 6.77 0.13 1.96% |
| Symbol | Nippon |
Nippon Steel '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 Steel'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 Steel.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nippon Steel on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nippon Steel Corp or generate 0.0% return on investment in Nippon Steel over 30 days. Nippon Steel is related to or competes with Olympic Steel, Mesabi Trust, Universal Stainless, POSCO Holdings, Gerdau SA, Ternium SA, and Reliance Steel. Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and mater... More
Nippon Steel 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 Steel'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 Steel Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 14.29 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.01 |
Nippon Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nippon Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nippon Steel's standard deviation. In reality, there are many statistical measures that can use Nippon Steel historical prices to predict the future Nippon Steel's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nippon Steel's 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.
Nippon Steel Corp Backtested Returns
Nippon Steel Corp has Sharpe Ratio of -0.0704, which conveys that the firm had a -0.0704% return per unit of risk over the last 3 months. Nippon Steel exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nippon Steel's Risk Adjusted Performance of (0.05), standard deviation of 1.95, and Mean Deviation of 1.33 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nippon Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nippon Steel is expected to be smaller as well. At this point, Nippon Steel Corp has a negative expected return of -0.14%. Please make sure to verify Nippon Steel's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Nippon Steel Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Nippon Steel Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Nippon Steel time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Nippon Steel Corp price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Nippon Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Nippon Steel Corp lagged returns against current returns
Autocorrelation, which is Nippon Steel 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 Steel's pink sheet expected returns. We can calculate the autocorrelation of Nippon Steel returns to help us make a trade decision. For example, suppose you find that Nippon Steel 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 Steel 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 Steel pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nippon Steel 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 Steel pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nippon Steel Lagged Returns
When evaluating Nippon Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nippon Steel pink sheet have on its future price. Nippon Steel 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 Steel autocorrelation shows the relationship between Nippon Steel pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nippon Steel Corp.
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 Steel's price analysis, check to measure Nippon Steel'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 Steel is operating at the current time. Most of Nippon Steel's value examination focuses on studying past and present price action to predict the probability of Nippon Steel'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 Steel's price. Additionally, you may evaluate how the addition of Nippon Steel to your portfolios can decrease your overall portfolio volatility.