Nippon Sheet Glass Stock Market Value
| NPSGF Stock | USD 3.20 0.00 0.00% |
| Symbol | Nippon |
Nippon Sheet '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 Sheet'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 Sheet.
| 07/28/2024 |
| 01/19/2026 |
If you would invest 0.00 in Nippon Sheet on July 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nippon Sheet Glass or generate 0.0% return on investment in Nippon Sheet over 540 days. Nippon Sheet is related to or competes with AirTrip Corp, and Xingda International. Nippon Sheet Glass Company, Limited manufactures and sells glass and glazing products worldwide More
Nippon Sheet 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 Sheet'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 Sheet Glass upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.57 |
Nippon Sheet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nippon Sheet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nippon Sheet's standard deviation. In reality, there are many statistical measures that can use Nippon Sheet historical prices to predict the future Nippon Sheet's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 1.03 |
Nippon Sheet Glass Backtested Returns
Nippon Sheet Glass has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13 % return per unit of risk over the last 3 months. Nippon Sheet exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nippon Sheet's Standard Deviation of 1.06, risk adjusted performance of (0.08), and Mean Deviation of 0.2558 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nippon Sheet are expected to decrease at a much lower rate. During the bear market, Nippon Sheet is likely to outperform the market. At this point, Nippon Sheet Glass has a negative expected return of -0.14%. Please make sure to verify Nippon Sheet's treynor ratio and rate of daily change , to decide if Nippon Sheet Glass performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Nippon Sheet Glass has no correlation between past and present. Overlapping area represents the amount of predictability between Nippon Sheet time series from 28th of July 2024 to 24th of April 2025 and 24th of April 2025 to 19th of January 2026. 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 Sheet Glass price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nippon Sheet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nippon Sheet Glass lagged returns against current returns
Autocorrelation, which is Nippon Sheet 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 Sheet's pink sheet expected returns. We can calculate the autocorrelation of Nippon Sheet returns to help us make a trade decision. For example, suppose you find that Nippon Sheet 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 Sheet 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 Sheet pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nippon Sheet 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 Sheet pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nippon Sheet Lagged Returns
When evaluating Nippon Sheet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nippon Sheet pink sheet have on its future price. Nippon Sheet 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 Sheet autocorrelation shows the relationship between Nippon Sheet pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nippon Sheet Glass.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nippon Pink Sheet
Nippon Sheet financial ratios help investors to determine whether Nippon Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nippon with respect to the benefits of owning Nippon Sheet security.