Nucor (Brazil) Market Value
| N1UE34 Stock | BRL 63.88 0.76 1.20% |
| Symbol | Nucor |
Nucor '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 Nucor'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 Nucor.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Nucor on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Nucor or generate 0.0% return on investment in Nucor over 90 days. Nucor is related to or competes with Lumen Technologies,, Spotify Technology, SSC Technologies, DXC Technology, and Lupatech. Nucor Corporation manufactures and sells steel and steel products More
Nucor 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 Nucor'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 Nucor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.0808 | |||
| Maximum Drawdown | 10.59 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 3.36 |
Nucor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nucor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nucor's standard deviation. In reality, there are many statistical measures that can use Nucor historical prices to predict the future Nucor's volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.0336 | |||
| Total Risk Alpha | 0.3584 | |||
| Sortino Ratio | 0.0627 | |||
| Treynor Ratio | (0.68) |
Nucor Backtested Returns
At this point, Nucor is very steady. Nucor has Sharpe Ratio of 0.0247, which conveys that the firm had a 0.0247 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nucor, which you can use to evaluate the volatility of the firm. Please verify Nucor's Mean Deviation of 1.47, risk adjusted performance of 0.0265, and Downside Deviation of 2.68 to check out if the risk estimate we provide is consistent with the expected return of 0.0514%. Nucor has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0609, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nucor are expected to decrease at a much lower rate. During the bear market, Nucor is likely to outperform the market. Nucor right now secures a risk of 2.08%. Please verify Nucor coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if Nucor will be following its current price movements.
Auto-correlation | -0.1 |
Very weak reverse predictability
Nucor has very weak reverse predictability. Overlapping area represents the amount of predictability between Nucor time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Nucor price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Nucor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
Nucor lagged returns against current returns
Autocorrelation, which is Nucor 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 Nucor's stock expected returns. We can calculate the autocorrelation of Nucor returns to help us make a trade decision. For example, suppose you find that Nucor 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 |
Nucor 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 Nucor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nucor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nucor stock over time.
Current vs Lagged Prices |
| Timeline |
Nucor Lagged Returns
When evaluating Nucor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nucor stock have on its future price. Nucor 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, Nucor autocorrelation shows the relationship between Nucor stock current value and its past values and can show if there is a momentum factor associated with investing in Nucor.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nucor Stock
Nucor financial ratios help investors to determine whether Nucor 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 Nucor with respect to the benefits of owning Nucor security.