Nichirei Stock Market Value
| NCHEY Stock | USD 12.10 0.00 0.00% |
| Symbol | Nichirei |
Nichirei '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 Nichirei's pink sheet 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 Nichirei.
| 09/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in Nichirei on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Nichirei or generate 0.0% return on investment in Nichirei over 90 days. Nichirei is related to or competes with Kellanova, General Mills, Campbell Soup, Kraft Heinz, ConAgra Foods, and Hormel Foods. Nichirei Corporation engages in the processed foods, marine products, meat and poultry products, logistics, real estate,... More
Nichirei 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 Nichirei's pink sheet 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 Nichirei upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 1.17 |
Nichirei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nichirei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nichirei's standard deviation. In reality, there are many statistical measures that can use Nichirei historical prices to predict the future Nichirei's volatility.| Risk Adjusted Performance | 0.0525 | |||
| Total Risk Alpha | 0.0035 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nichirei's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nichirei Backtested Returns
At this stage we consider Nichirei Pink Sheet to be very steady. Nichirei has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirteen technical indicators for Nichirei, which you can use to evaluate the volatility of the firm. Please verify Nichirei's Risk Adjusted Performance of 0.0525, coefficient of variation of 812.4, and Variance of 0.0208 to check out if the risk estimate we provide is consistent with the expected return of 0.0183%. Nichirei has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Nichirei are completely uncorrelated. Nichirei right now secures a risk of 0.15%. Please verify Nichirei coefficient of variation and kurtosis , to decide if Nichirei will be following its current price movements.
Auto-correlation | 0.00 |
No correlation between past and present
Nichirei has no correlation between past and present. Overlapping area represents the amount of predictability between Nichirei time series from 25th of September 2024 to 9th of November 2024 and 9th of November 2024 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nichirei price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nichirei price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nichirei lagged returns against current returns
Autocorrelation, which is Nichirei pink sheet'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 Nichirei's pink sheet expected returns. We can calculate the autocorrelation of Nichirei returns to help us make a trade decision. For example, suppose you find that Nichirei has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nichirei 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 Nichirei pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nichirei pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nichirei pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nichirei Lagged Returns
When evaluating Nichirei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nichirei pink sheet have on its future price. Nichirei 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, Nichirei autocorrelation shows the relationship between Nichirei pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nichirei.
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.Additional Tools for Nichirei Pink Sheet Analysis
When running Nichirei's price analysis, check to measure Nichirei's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nichirei is operating at the current time. Most of Nichirei's value examination focuses on studying past and present price action to predict the probability of Nichirei's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nichirei's price. Additionally, you may evaluate how the addition of Nichirei to your portfolios can decrease your overall portfolio volatility.