Nitto Denko is selling for under 15.30 as of the 14th of December 2024; that is 1.29% down since the beginning of the trading day. The stock's last reported lowest price was 15.3. Nitto Denko has hardly any chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Nitto Denko has reported 1 for 5 split on 27th of September 2024. The performance scores are derived for the period starting the 14th of November 2024 and ending today, the 14th of December 2024. Click here to learn more.
Although Nitto Denko's alpha and beta are two of the key measurements used to evaluate Nitto Denko's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nitto Denko stock to make a market-neutral strategy. Peer analysis of Nitto Denko could also be used in its relative valuation, which is a method of valuing Nitto Denko by comparing valuation metrics with similar companies.
When running Nitto Denko's price analysis, check to measure Nitto Denko'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 Nitto Denko is operating at the current time. Most of Nitto Denko's value examination focuses on studying past and present price action to predict the probability of Nitto Denko's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitto Denko's price. Additionally, you may evaluate how the addition of Nitto Denko to your portfolios can decrease your overall portfolio volatility.