Nintendo Co Adr Stock Market Value
| NTDOY Stock | USD 13.21 0.10 0.75% |
| Symbol | Nintendo |
Nintendo '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 Nintendo'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 Nintendo.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nintendo on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nintendo Co ADR or generate 0.0% return on investment in Nintendo over 180 days. Nintendo is related to or competes with Square Enix, Capcom Co, Electronic Arts, Roblox Corp, NetEase, Take Two, and Playtika Holding. Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Jap... More
Nintendo 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 Nintendo'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 Nintendo Co ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.67 |
Nintendo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nintendo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nintendo's standard deviation. In reality, there are many statistical measures that can use Nintendo historical prices to predict the future Nintendo's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.2048 |
Nintendo Co ADR Backtested Returns
Nintendo Co ADR has Sharpe Ratio of -0.0593, which conveys that the firm had a -0.0593% return per unit of risk over the last 3 months. Nintendo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nintendo's Mean Deviation of 1.08, risk adjusted performance of (0.02), and Standard Deviation of 1.44 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nintendo are expected to decrease at a much lower rate. During the bear market, Nintendo is likely to outperform the market. At this point, Nintendo Co ADR has a negative expected return of -0.0827%. Please make sure to verify Nintendo's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Nintendo Co ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Nintendo Co ADR has very weak reverse predictability. Overlapping area represents the amount of predictability between Nintendo time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 Nintendo Co ADR price movement. The serial correlation of -0.01 indicates that just 1.0% of current Nintendo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Nintendo Co ADR lagged returns against current returns
Autocorrelation, which is Nintendo 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 Nintendo's pink sheet expected returns. We can calculate the autocorrelation of Nintendo returns to help us make a trade decision. For example, suppose you find that Nintendo 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 |
Nintendo 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 Nintendo pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nintendo pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nintendo pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nintendo Lagged Returns
When evaluating Nintendo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nintendo pink sheet have on its future price. Nintendo 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, Nintendo autocorrelation shows the relationship between Nintendo pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nintendo Co ADR.
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 Nintendo Pink Sheet Analysis
When running Nintendo's price analysis, check to measure Nintendo'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 Nintendo is operating at the current time. Most of Nintendo's value examination focuses on studying past and present price action to predict the probability of Nintendo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nintendo's price. Additionally, you may evaluate how the addition of Nintendo to your portfolios can decrease your overall portfolio volatility.