NIKE INC Market Value
| 654106AK9 | 91.92 0.63 0.69% |
| Symbol | 654106AK9 |
654106AK9 '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 654106AK9's bond 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 654106AK9.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in 654106AK9 on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding NIKE INC or generate 0.0% return on investment in 654106AK9 over 90 days. 654106AK9 is related to or competes with Montauk Renewables, Academy Sports, Guangdong Investment, Yuexiu Transport, Sun Country, Mesa Air, and JD Sports. More
654106AK9 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 654106AK9's bond 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 NIKE INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.45 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.62 |
654106AK9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 654106AK9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 654106AK9's standard deviation. In reality, there are many statistical measures that can use 654106AK9 historical prices to predict the future 654106AK9's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.1368 |
654106AK9 Backtested Returns
654106AK9 secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the bond had a -0.1% return per unit of price deviation over the last 3 months. NIKE INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 654106AK9's mean deviation of 0.5878, and Information Ratio of (0.12) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 654106AK9 are expected to decrease at a much lower rate. During the bear market, 654106AK9 is likely to outperform the market.
Auto-correlation | -0.09 |
Very weak reverse predictability
NIKE INC has very weak reverse predictability. Overlapping area represents the amount of predictability between 654106AK9 time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 654106AK9 price movement. The serial correlation of -0.09 indicates that less than 9.0% of current 654106AK9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 |
654106AK9 lagged returns against current returns
Autocorrelation, which is 654106AK9 bond'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 654106AK9's bond expected returns. We can calculate the autocorrelation of 654106AK9 returns to help us make a trade decision. For example, suppose you find that 654106AK9 has exhibited high autocorrelation historically, and you observe that the bond 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 |
654106AK9 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 654106AK9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 654106AK9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 654106AK9 bond over time.
Current vs Lagged Prices |
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654106AK9 Lagged Returns
When evaluating 654106AK9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 654106AK9 bond have on its future price. 654106AK9 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, 654106AK9 autocorrelation shows the relationship between 654106AK9 bond current value and its past values and can show if there is a momentum factor associated with investing in NIKE INC.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in 654106AK9 Bond
654106AK9 financial ratios help investors to determine whether 654106AK9 Bond 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 654106AK9 with respect to the benefits of owning 654106AK9 security.