SHIN NIPPON (Germany) Market Value
| YB3 Stock | EUR 9.20 0.15 1.66% |
| Symbol | SHIN |
SHIN NIPPON '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 SHIN NIPPON'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 SHIN NIPPON.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in SHIN NIPPON on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding SHIN NIPPON MIOMEDI or generate 0.0% return on investment in SHIN NIPPON over 30 days. SHIN NIPPON is related to or competes with Games Workshop, TROPHY GAMES, QBE Insurance, CI GAMES, Ameriprise Financial, and JSC Halyk. More
SHIN NIPPON 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 SHIN NIPPON'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 SHIN NIPPON MIOMEDI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1619 | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 2.72 |
SHIN NIPPON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SHIN NIPPON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SHIN NIPPON's standard deviation. In reality, there are many statistical measures that can use SHIN NIPPON historical prices to predict the future SHIN NIPPON's volatility.| Risk Adjusted Performance | 0.1975 | |||
| Jensen Alpha | 0.3154 | |||
| Total Risk Alpha | 0.1273 | |||
| Treynor Ratio | 1.02 |
SHIN NIPPON MIOMEDI Backtested Returns
SHIN NIPPON appears to be not too volatile, given 3 months investment horizon. SHIN NIPPON MIOMEDI owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for SHIN NIPPON MIOMEDI, which you can use to evaluate the volatility of the company. Please review SHIN NIPPON's variance of 2.14, and Risk Adjusted Performance of 0.1975 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SHIN NIPPON holds a performance score of 17. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SHIN NIPPON's returns are expected to increase less than the market. However, during the bear market, the loss of holding SHIN NIPPON is expected to be smaller as well. Please check SHIN NIPPON's kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether SHIN NIPPON's existing price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
SHIN NIPPON MIOMEDI has very good predictability. Overlapping area represents the amount of predictability between SHIN NIPPON time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 SHIN NIPPON MIOMEDI price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current SHIN NIPPON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
SHIN NIPPON MIOMEDI lagged returns against current returns
Autocorrelation, which is SHIN NIPPON 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 SHIN NIPPON's stock expected returns. We can calculate the autocorrelation of SHIN NIPPON returns to help us make a trade decision. For example, suppose you find that SHIN NIPPON 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 |
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SHIN NIPPON 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 SHIN NIPPON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SHIN NIPPON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SHIN NIPPON stock over time.
Current vs Lagged Prices |
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SHIN NIPPON Lagged Returns
When evaluating SHIN NIPPON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SHIN NIPPON stock have on its future price. SHIN NIPPON 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, SHIN NIPPON autocorrelation shows the relationship between SHIN NIPPON stock current value and its past values and can show if there is a momentum factor associated with investing in SHIN NIPPON MIOMEDI.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SHIN Stock Analysis
When running SHIN NIPPON's price analysis, check to measure SHIN NIPPON'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 SHIN NIPPON is operating at the current time. Most of SHIN NIPPON's value examination focuses on studying past and present price action to predict the probability of SHIN NIPPON's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SHIN NIPPON's price. Additionally, you may evaluate how the addition of SHIN NIPPON to your portfolios can decrease your overall portfolio volatility.