NICE Total (Korea) Market Value
| 063570 Stock | KRW 5,190 10.00 0.19% |
| Symbol | NICE |
NICE Total '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 NICE Total'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 NICE Total.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in NICE Total on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding NICE Total Cash or generate 0.0% return on investment in NICE Total over 90 days. NICE Total is related to or competes with Atinum Investment, Hannong Chemicals, JC Chemical, Miwon Chemical, and Daehan Synthetic. NICE Total Cash Management Co., Ltd. provides automation equipment management services in South Korea More
NICE Total 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 NICE Total'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 NICE Total Cash upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.2027 | |||
| Maximum Drawdown | 7.27 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 2.36 |
NICE Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NICE Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NICE Total's standard deviation. In reality, there are many statistical measures that can use NICE Total historical prices to predict the future NICE Total's volatility.| Risk Adjusted Performance | 0.1138 | |||
| Jensen Alpha | 0.1641 | |||
| Total Risk Alpha | 0.3192 | |||
| Sortino Ratio | 0.2469 | |||
| Treynor Ratio | 2.0 |
NICE Total Cash Backtested Returns
At this point, NICE Total is very steady. NICE Total Cash retains Efficiency (Sharpe Ratio) of 0.17, which conveys that the firm had a 0.17 % return per unit of risk over the last 3 months. We have found thirty technical indicators for NICE Total, which you can use to evaluate the volatility of the firm. Please verify NICE Total's Mean Deviation of 0.8866, semi deviation of 0.7605, and Market Risk Adjusted Performance of 2.01 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. NICE Total has a performance score of 13 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.0777, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NICE Total's returns are expected to increase less than the market. However, during the bear market, the loss of holding NICE Total is expected to be smaller as well. NICE Total Cash now owns a risk of 1.1%. Please verify NICE Total Cash downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if NICE Total Cash will be following its current price history.
Auto-correlation | 0.56 |
Modest predictability
NICE Total Cash has modest predictability. Overlapping area represents the amount of predictability between NICE Total time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NICE Total Cash price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current NICE Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 33 K |
NICE Total Cash lagged returns against current returns
Autocorrelation, which is NICE Total 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 NICE Total's stock expected returns. We can calculate the autocorrelation of NICE Total returns to help us make a trade decision. For example, suppose you find that NICE Total 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 |
NICE Total 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 NICE Total stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NICE Total stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NICE Total stock over time.
Current vs Lagged Prices |
| Timeline |
NICE Total Lagged Returns
When evaluating NICE Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NICE Total stock have on its future price. NICE Total 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, NICE Total autocorrelation shows the relationship between NICE Total stock current value and its past values and can show if there is a momentum factor associated with investing in NICE Total Cash.
Regressed Prices |
| Timeline |
Pair Trading with NICE Total
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 NICE Total 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 NICE Total will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to NICE Total could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NICE Total 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 NICE Total - 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 NICE Total Cash to buy it.
The correlation of NICE Total 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 NICE Total moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NICE Total Cash 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 NICE Total 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.Other Information on Investing in NICE Stock
NICE Total financial ratios help investors to determine whether NICE Stock 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 NICE with respect to the benefits of owning NICE Total security.