Nintendo (Germany) Market Value
| NTO Stock | EUR 54.44 0.06 0.11% |
| 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 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 Nintendo.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Nintendo on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Nintendo Co or generate 0.0% return on investment in Nintendo over 720 days. Nintendo is related to or competes with WisdomTree Investments, FARO Technologies, Virtus Investment, PennantPark Investment, DIVERSIFIED ROYALTY, AAC TECHNOLOGHLDGADR, and PennyMac Mortgage. Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and distributes electronic entertainment pro... 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 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 Nintendo Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.0263 | |||
| Maximum Drawdown | 10.7 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 3.26 |
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 | 0.0831 | |||
| Jensen Alpha | 0.164 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0347 | |||
| Treynor Ratio | 1.87 |
Nintendo Backtested Returns
At this point, Nintendo is very steady. Nintendo 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 twenty-nine technical indicators for Nintendo, which you can use to evaluate the volatility of the firm. Please verify Nintendo's Downside Deviation of 1.39, risk adjusted performance of 0.0831, and Mean Deviation of 1.32 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Nintendo has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0939, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nintendo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nintendo is expected to be smaller as well. Nintendo right now secures a risk of 1.84%. Please verify Nintendo Co value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Nintendo Co will be following its current price movements.
Auto-correlation | 0.05 |
Virtually no predictability
Nintendo Co has virtually no predictability. Overlapping area represents the amount of predictability between Nintendo time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Nintendo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 5.62 |
Nintendo lagged returns against current returns
Autocorrelation, which is Nintendo 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 Nintendo's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nintendo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nintendo stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Nintendo Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nintendo Stock
Nintendo financial ratios help investors to determine whether Nintendo Stock 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 Nintendo with respect to the benefits of owning Nintendo security.