NISSHA CO's market value is the price at which a share of NISSHA CO trades on a public exchange. It measures the collective expectations of NISSHA LTD investors about its performance. NISSHA CO is trading at 9.95 as of the 7th of January 2025. This is a 1.02% up since the beginning of the trading day. The stock's lowest day price was 9.95. With this module, you can estimate the performance of a buy and hold strategy of NISSHA LTD and determine expected loss or profit from investing in NISSHA CO over a given investment horizon. Check out NISSHA CO Correlation, NISSHA CO Volatility and NISSHA CO Alpha and Beta module to complement your research on NISSHA CO.
Please note, there is a significant difference between NISSHA CO's value and its price as these two are different measures arrived at by different means. Investors typically determine if NISSHA CO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NISSHA CO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NISSHA CO '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 NISSHA CO'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 NISSHA CO.
0.00
12/08/2024
No Change 0.00
0.0
In 31 days
01/07/2025
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If you would invest 0.00 in NISSHA CO on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding NISSHA LTD or generate 0.0% return on investment in NISSHA CO over 30 days. NISSHA CO is related to or competes with Hon Hai, Sunny Optical, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. Nissha Co., Ltd. engages in industrial materials, devices, medical technologies, and information and communication in Ja... More
NISSHA CO 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 NISSHA CO'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 NISSHA LTD upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NISSHA CO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NISSHA CO's standard deviation. In reality, there are many statistical measures that can use NISSHA CO historical prices to predict the future NISSHA CO's volatility.
NISSHA LTD has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of standard deviation over the last 3 months. NISSHA CO exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NISSHA CO's Mean Deviation of 1.42, risk adjusted performance of (0.14), and Market Risk Adjusted Performance of (2.43) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NISSHA CO's returns are expected to increase less than the market. However, during the bear market, the loss of holding NISSHA CO is expected to be smaller as well. At this point, NISSHA LTD has a negative expected return of -0.23%. Please make sure to verify NISSHA CO's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if NISSHA LTD performance from the past will be repeated at future time.
Auto-correlation
-0.65
Very good reverse predictability
NISSHA LTD has very good reverse predictability. Overlapping area represents the amount of predictability between NISSHA CO time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 NISSHA LTD price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current NISSHA CO price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.65
Spearman Rank Test
-0.18
Residual Average
0.0
Price Variance
0.01
NISSHA LTD lagged returns against current returns
Autocorrelation, which is NISSHA CO 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 NISSHA CO's stock expected returns. We can calculate the autocorrelation of NISSHA CO returns to help us make a trade decision. For example, suppose you find that NISSHA CO 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
NISSHA CO 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 NISSHA CO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NISSHA CO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NISSHA CO stock over time.
Current vs Lagged Prices
Timeline
NISSHA CO Lagged Returns
When evaluating NISSHA CO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NISSHA CO stock have on its future price. NISSHA CO 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, NISSHA CO autocorrelation shows the relationship between NISSHA CO stock current value and its past values and can show if there is a momentum factor associated with investing in NISSHA LTD.
NISSHA CO financial ratios help investors to determine whether NISSHA 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 NISSHA with respect to the benefits of owning NISSHA CO security.