NISOURCE INC Market Value
| 65473PAH8 | 84.43 7.74 8.40% |
| Symbol | NISOURCE |
NISOURCE '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 NISOURCE'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 NISOURCE.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in NISOURCE on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding NISOURCE INC or generate 0.0% return on investment in NISOURCE over 540 days. NISOURCE is related to or competes with Eldorado Gold, Chemours, East Africa, Lion One, Origin Materials, Avient Corp, and Air Products. More
NISOURCE 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 NISOURCE'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 NISOURCE INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 7.18 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 0.6189 |
NISOURCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NISOURCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NISOURCE's standard deviation. In reality, there are many statistical measures that can use NISOURCE historical prices to predict the future NISOURCE's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (2.39) |
NISOURCE INC Backtested Returns
NISOURCE INC has Sharpe Ratio of -0.0265, which conveys that the entity had a -0.0265% return per unit of standard deviation over the last 3 months. NISOURCE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NISOURCE's Mean Deviation of 0.5706, risk adjusted performance of (0.10), and Market Risk Adjusted Performance of (2.38) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.0632, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NISOURCE's returns are expected to increase less than the market. However, during the bear market, the loss of holding NISOURCE is expected to be smaller as well.
Auto-correlation | 0.38 |
Below average predictability
NISOURCE INC has below average predictability. Overlapping area represents the amount of predictability between NISOURCE time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 NISOURCE INC price movement. The serial correlation of 0.38 indicates that just about 38.0% of current NISOURCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 3.05 |
NISOURCE INC lagged returns against current returns
Autocorrelation, which is NISOURCE 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 NISOURCE's bond expected returns. We can calculate the autocorrelation of NISOURCE returns to help us make a trade decision. For example, suppose you find that NISOURCE 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 |
NISOURCE 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 NISOURCE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NISOURCE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NISOURCE bond over time.
Current vs Lagged Prices |
| Timeline |
NISOURCE Lagged Returns
When evaluating NISOURCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NISOURCE bond have on its future price. NISOURCE 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, NISOURCE autocorrelation shows the relationship between NISOURCE bond current value and its past values and can show if there is a momentum factor associated with investing in NISOURCE INC.
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.Other Information on Investing in NISOURCE Bond
NISOURCE financial ratios help investors to determine whether NISOURCE 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 NISOURCE with respect to the benefits of owning NISOURCE security.