Nutrien Stock Market Value
| NTR Stock | CAD 64.55 0.90 1.38% |
| Symbol | Nutrien |
Nutrien Price To Book Ratio
Nutrien '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 Nutrien'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 Nutrien.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Nutrien on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Nutrien or generate 0.0% return on investment in Nutrien over 30 days. Nutrien is related to or competes with Mako Mining, Information Services, QC Copper, Broadcom, and Lion One. It offers potash, nitrogen, phosphate, and sulfate products and financial solutions More
Nutrien 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 Nutrien'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 Nutrien upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.99 |
Nutrien Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nutrien's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nutrien's standard deviation. In reality, there are many statistical measures that can use Nutrien historical prices to predict the future Nutrien's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.0306 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.4819 |
Nutrien Backtested Returns
As of now, Nutrien Stock is very steady. Nutrien has Sharpe Ratio of 0.0063, which conveys that the firm had a 0.0063% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nutrien, which you can use to evaluate the volatility of the firm. Please verify Nutrien's Mean Deviation of 1.0, risk adjusted performance of 0.0326, and Downside Deviation of 1.4 to check out if the risk estimate we provide is consistent with the expected return of 0.0088%. The company secures a Beta (Market Risk) of 0.0841, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nutrien's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nutrien is expected to be smaller as well. Nutrien right now secures a risk of 1.39%. Please verify Nutrien expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Nutrien will be following its current price movements.
Auto-correlation | -0.63 |
Very good reverse predictability
Nutrien has very good reverse predictability. Overlapping area represents the amount of predictability between Nutrien time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Nutrien price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Nutrien price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Nutrien lagged returns against current returns
Autocorrelation, which is Nutrien 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 Nutrien's stock expected returns. We can calculate the autocorrelation of Nutrien returns to help us make a trade decision. For example, suppose you find that Nutrien 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 |
Nutrien 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 Nutrien stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nutrien stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nutrien stock over time.
Current vs Lagged Prices |
| Timeline |
Nutrien Lagged Returns
When evaluating Nutrien's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nutrien stock have on its future price. Nutrien 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, Nutrien autocorrelation shows the relationship between Nutrien stock current value and its past values and can show if there is a momentum factor associated with investing in Nutrien.
Regressed Prices |
| Timeline |
Pair Trading with Nutrien
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nutrien position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nutrien will appreciate offsetting losses from the drop in the long position's value.Moving together with Nutrien Stock
| 0.63 | AG | First Majestic Silver | PairCorr |
| 0.75 | IE | Ivanhoe Energy | PairCorr |
| 0.74 | FDY | Faraday Copper Corp | PairCorr |
Moving against Nutrien Stock
| 0.36 | DELX | DelphX Capital Markets Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Nutrien could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nutrien when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nutrien - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nutrien to buy it.
The correlation of Nutrien is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nutrien moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nutrien moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nutrien can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Nutrien Correlation, Nutrien Volatility and Nutrien Alpha and Beta module to complement your research on Nutrien. To learn how to invest in Nutrien Stock, please use our How to Invest in Nutrien guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Nutrien technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.