NISSIN FOODS (Germany) Market Value
| NF2 Stock | EUR 25.00 0.60 2.46% |
| Symbol | NISSIN |
NISSIN FOODS '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 NISSIN FOODS'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 NISSIN FOODS.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in NISSIN FOODS on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding NISSIN FOODS HLDGS or generate 0.0% return on investment in NISSIN FOODS over 180 days. NISSIN FOODS is related to or competes with Japan Post, ZURICH INSURANCE, REVO INSURANCE, STMICROELECTRONICS, Ping An, LIFENET INSURANCE, and MSAD INSURANCE. More
NISSIN FOODS 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 NISSIN FOODS'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 NISSIN FOODS HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.39 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.44 |
NISSIN FOODS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NISSIN FOODS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NISSIN FOODS's standard deviation. In reality, there are many statistical measures that can use NISSIN FOODS historical prices to predict the future NISSIN FOODS's volatility.| Risk Adjusted Performance | 0.0289 | |||
| Jensen Alpha | 0.0722 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.17) |
NISSIN FOODS HLDGS Backtested Returns
At this point, NISSIN FOODS is very steady. NISSIN FOODS HLDGS has Sharpe Ratio of 0.0381, which conveys that the firm had a 0.0381% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for NISSIN FOODS, which you can use to evaluate the volatility of the firm. Please verify NISSIN FOODS's Mean Deviation of 1.08, market risk adjusted performance of (0.16), and Risk Adjusted Performance of 0.0289 to check out if the risk estimate we provide is consistent with the expected return of 0.0666%. NISSIN FOODS has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NISSIN FOODS are expected to decrease at a much lower rate. During the bear market, NISSIN FOODS is likely to outperform the market. NISSIN FOODS HLDGS currently secures a risk of 1.75%. Please verify NISSIN FOODS HLDGS maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if NISSIN FOODS HLDGS will be following its current price movements.
Auto-correlation | 0.40 |
Average predictability
NISSIN FOODS HLDGS has average predictability. Overlapping area represents the amount of predictability between NISSIN FOODS time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 NISSIN FOODS HLDGS price movement. The serial correlation of 0.4 indicates that just about 40.0% of current NISSIN FOODS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
NISSIN FOODS HLDGS lagged returns against current returns
Autocorrelation, which is NISSIN FOODS 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 NISSIN FOODS's stock expected returns. We can calculate the autocorrelation of NISSIN FOODS returns to help us make a trade decision. For example, suppose you find that NISSIN FOODS 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 |
NISSIN FOODS 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 NISSIN FOODS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NISSIN FOODS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NISSIN FOODS stock over time.
Current vs Lagged Prices |
| Timeline |
NISSIN FOODS Lagged Returns
When evaluating NISSIN FOODS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NISSIN FOODS stock have on its future price. NISSIN FOODS 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, NISSIN FOODS autocorrelation shows the relationship between NISSIN FOODS stock current value and its past values and can show if there is a momentum factor associated with investing in NISSIN FOODS HLDGS.
Regressed Prices |
| Timeline |
Also Currently Popular
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 NISSIN Stock
NISSIN FOODS financial ratios help investors to determine whether NISSIN 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 NISSIN with respect to the benefits of owning NISSIN FOODS security.