Nissan Chemical (Germany) Market Value
| NSC Stock | 32.80 0.40 1.23% |
| Symbol | Nissan |
Nissan Chemical '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 Nissan Chemical'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 Nissan Chemical.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Nissan Chemical on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Nissan Chemical Corp or generate 0.0% return on investment in Nissan Chemical over 360 days. Nissan Chemical is related to or competes with American Eagle, PARKEN Sport, NTG Nordic, KENNAMETAL INC, SCIENCE IN, Lion One, and Western Copper. More
Nissan Chemical 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 Nissan Chemical'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 Nissan Chemical Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0348 | |||
| Maximum Drawdown | 5.15 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.61 |
Nissan Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nissan Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nissan Chemical's standard deviation. In reality, there are many statistical measures that can use Nissan Chemical historical prices to predict the future Nissan Chemical's volatility.| Risk Adjusted Performance | 0.0971 | |||
| Jensen Alpha | 0.1192 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.5959 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nissan Chemical'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.
Nissan Chemical Corp Backtested Returns
Currently, Nissan Chemical Corp is not too volatile. Nissan Chemical Corp has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nissan Chemical, which you can use to evaluate the volatility of the firm. Please verify Nissan Chemical's Mean Deviation of 0.9913, downside deviation of 1.2, and Risk Adjusted Performance of 0.0971 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Nissan Chemical has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nissan Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nissan Chemical is expected to be smaller as well. Nissan Chemical Corp right now secures a risk of 1.25%. Please verify Nissan Chemical Corp maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to decide if Nissan Chemical Corp will be following its current price movements.
Auto-correlation | -0.35 |
Poor reverse predictability
Nissan Chemical Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Nissan Chemical time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Nissan Chemical Corp price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Nissan Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 3.95 |
Nissan Chemical Corp lagged returns against current returns
Autocorrelation, which is Nissan Chemical 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 Nissan Chemical's stock expected returns. We can calculate the autocorrelation of Nissan Chemical returns to help us make a trade decision. For example, suppose you find that Nissan Chemical 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 |
Nissan Chemical 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 Nissan Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nissan Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nissan Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Nissan Chemical Lagged Returns
When evaluating Nissan Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nissan Chemical stock have on its future price. Nissan Chemical 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, Nissan Chemical autocorrelation shows the relationship between Nissan Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Nissan Chemical Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Nissan Stock Analysis
When running Nissan Chemical's price analysis, check to measure Nissan Chemical'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 Nissan Chemical is operating at the current time. Most of Nissan Chemical's value examination focuses on studying past and present price action to predict the probability of Nissan Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nissan Chemical's price. Additionally, you may evaluate how the addition of Nissan Chemical to your portfolios can decrease your overall portfolio volatility.