NISSHA CO (Germany) Market Value
| 6X8 Stock | EUR 10.00 0.20 2.04% |
| Symbol | NISSHA |
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.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in NISSHA CO on June 30, 2023 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 570 days. NISSHA CO is related to or competes with FAST RETAIL, SCIENCE IN, SPARTAN STORES, PARKEN Sport, and H2O Retailing. 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 2.75 |
NISSHA CO Market Risk Indicators
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.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.26) |
NISSHA LTD Backtested Returns
NISSHA LTD has Sharpe Ratio of -0.0644, which conveys that the firm had a -0.0644 % 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 1.41, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.25) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.52, which conveys possible diversification benefits within a given portfolio. 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 -0.12%. 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 | -0.04 |
Very weak reverse predictability
NISSHA LTD has very weak reverse predictability. Overlapping area represents the amount of predictability between NISSHA CO time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th 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 -0.04 indicates that only as little as 4.0% of current NISSHA CO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.89 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NISSHA Stock
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.