Nidec (Germany) Market Value
| NIB1 Stock | EUR 4.08 0.12 3.03% |
| Symbol | Nidec |
Nidec '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 Nidec'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 Nidec.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Nidec on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Nidec or generate 0.0% return on investment in Nidec over 720 days. Nidec is related to or competes with Honeywell International, Schneider Electric, Illinois Tool, and 3M. Nidec Corporation manufactures and sells motors and other electronic products worldwide More
Nidec 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 Nidec'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 Nidec upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.31 | |||
| Information Ratio | 0.0451 | |||
| Maximum Drawdown | 151.74 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 4.05 |
Nidec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nidec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nidec's standard deviation. In reality, there are many statistical measures that can use Nidec historical prices to predict the future Nidec's volatility.| Risk Adjusted Performance | 0.048 | |||
| Jensen Alpha | 0.5851 | |||
| Total Risk Alpha | 0.0588 | |||
| Sortino Ratio | 0.0689 | |||
| Treynor Ratio | 0.2582 |
Nidec Backtested Returns
Nidec appears to be dangerous, given 3 months investment horizon. Nidec has Sharpe Ratio of 0.0428, which conveys that the firm had a 0.0428% return per unit of risk over the last 3 months. By analyzing Nidec's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise Nidec's Mean Deviation of 4.2, risk adjusted performance of 0.048, and Downside Deviation of 9.31 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nidec holds a performance score of 3. The company secures a Beta (Market Risk) of 2.62, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nidec will likely underperform. Please check Nidec's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Nidec's current price movements will revert.
Auto-correlation | 0.29 |
Poor predictability
Nidec has poor predictability. Overlapping area represents the amount of predictability between Nidec time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Nidec price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Nidec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Nidec lagged returns against current returns
Autocorrelation, which is Nidec 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 Nidec's stock expected returns. We can calculate the autocorrelation of Nidec returns to help us make a trade decision. For example, suppose you find that Nidec 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 |
Nidec 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 Nidec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nidec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nidec stock over time.
Current vs Lagged Prices |
| Timeline |
Nidec Lagged Returns
When evaluating Nidec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nidec stock have on its future price. Nidec 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, Nidec autocorrelation shows the relationship between Nidec stock current value and its past values and can show if there is a momentum factor associated with investing in Nidec.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nidec Stock
Nidec financial ratios help investors to determine whether Nidec 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 Nidec with respect to the benefits of owning Nidec security.