NAGOYA RAILROAD (Germany) Market Value
| 59V Stock | 10.70 0.20 1.90% |
| Symbol | NAGOYA |
NAGOYA RAILROAD '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 NAGOYA RAILROAD'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 NAGOYA RAILROAD.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in NAGOYA RAILROAD on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding NAGOYA RAILROAD or generate 0.0% return on investment in NAGOYA RAILROAD over 60 days. NAGOYA RAILROAD is related to or competes with Honeywell International, Mitsubishi, Hitachi, ITOCHU, and CITIC. More
NAGOYA RAILROAD 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 NAGOYA RAILROAD'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 NAGOYA RAILROAD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0201 | |||
| Maximum Drawdown | 16.05 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.94 |
NAGOYA RAILROAD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NAGOYA RAILROAD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NAGOYA RAILROAD's standard deviation. In reality, there are many statistical measures that can use NAGOYA RAILROAD historical prices to predict the future NAGOYA RAILROAD's volatility.| Risk Adjusted Performance | 0.0312 | |||
| Jensen Alpha | 0.0534 | |||
| Total Risk Alpha | 0.0223 | |||
| Sortino Ratio | 0.0183 | |||
| Treynor Ratio | (2.89) |
NAGOYA RAILROAD Backtested Returns
At this point, NAGOYA RAILROAD is not too volatile. NAGOYA RAILROAD has Sharpe Ratio of 0.0329, which conveys that the company had a 0.0329% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for NAGOYA RAILROAD, which you can use to evaluate the volatility of the entity. Please verify NAGOYA RAILROAD's Semi Deviation of 1.66, mean deviation of 1.31, and Downside Deviation of 2.23 to check out if the risk estimate we provide is consistent with the expected return of 0.0683%. NAGOYA RAILROAD has a performance score of 2 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of -0.0184, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NAGOYA RAILROAD are expected to decrease at a much lower rate. During the bear market, NAGOYA RAILROAD is likely to outperform the market. NAGOYA RAILROAD at this time secures a risk of 2.08%. Please verify NAGOYA RAILROAD semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if NAGOYA RAILROAD will be following its current price movements.
Auto-correlation | -0.11 |
Insignificant reverse predictability
NAGOYA RAILROAD has insignificant reverse predictability. Overlapping area represents the amount of predictability between NAGOYA RAILROAD time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 NAGOYA RAILROAD price movement. The serial correlation of -0.11 indicates that less than 11.0% of current NAGOYA RAILROAD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
NAGOYA RAILROAD lagged returns against current returns
Autocorrelation, which is NAGOYA RAILROAD 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 NAGOYA RAILROAD's stock expected returns. We can calculate the autocorrelation of NAGOYA RAILROAD returns to help us make a trade decision. For example, suppose you find that NAGOYA RAILROAD 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 |
NAGOYA RAILROAD 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 NAGOYA RAILROAD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NAGOYA RAILROAD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NAGOYA RAILROAD stock over time.
Current vs Lagged Prices |
| Timeline |
NAGOYA RAILROAD Lagged Returns
When evaluating NAGOYA RAILROAD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NAGOYA RAILROAD stock have on its future price. NAGOYA RAILROAD 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, NAGOYA RAILROAD autocorrelation shows the relationship between NAGOYA RAILROAD stock current value and its past values and can show if there is a momentum factor associated with investing in NAGOYA RAILROAD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NAGOYA Stock
NAGOYA RAILROAD financial ratios help investors to determine whether NAGOYA 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 NAGOYA with respect to the benefits of owning NAGOYA RAILROAD security.