NICO HOLDINGS (Malawi) Market Value
| NICO Stock | 795.24 2.27 0.28% |
| Symbol | NICO |
NICO HOLDINGS '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 NICO HOLDINGS'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 NICO HOLDINGS.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in NICO HOLDINGS on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding NICO HOLDINGS LIMITED or generate 0.0% return on investment in NICO HOLDINGS over 90 days.
NICO HOLDINGS 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 NICO HOLDINGS'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 NICO HOLDINGS LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.988 | |||
| Information Ratio | 0.455 | |||
| Maximum Drawdown | 17.47 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 10.87 |
NICO HOLDINGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NICO HOLDINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NICO HOLDINGS's standard deviation. In reality, there are many statistical measures that can use NICO HOLDINGS historical prices to predict the future NICO HOLDINGS's volatility.| Risk Adjusted Performance | 0.381 | |||
| Jensen Alpha | 1.51 | |||
| Total Risk Alpha | 2.09 | |||
| Sortino Ratio | 1.74 | |||
| Treynor Ratio | (1.71) |
NICO HOLDINGS LIMITED Backtested Returns
NICO HOLDINGS is very steady given 3 months investment horizon. NICO HOLDINGS LIMITED retains Efficiency (Sharpe Ratio) of 0.4, which conveys that the firm had a 0.4 % return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.34% are justified by taking the suggested risk. Use NICO HOLDINGS LIMITED Downside Deviation of 0.988, mean deviation of 2.61, and Market Risk Adjusted Performance of (1.70) to evaluate company specific risk that cannot be diversified away. NICO HOLDINGS holds a performance score of 31 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of -0.94, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning NICO HOLDINGS are expected to decrease slowly. On the other hand, during market turmoil, NICO HOLDINGS is expected to outperform it slightly. Use NICO HOLDINGS LIMITED downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on NICO HOLDINGS LIMITED.
Auto-correlation | 0.24 |
Weak predictability
NICO HOLDINGS LIMITED has weak predictability. Overlapping area represents the amount of predictability between NICO HOLDINGS time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 NICO HOLDINGS LIMITED price movement. The serial correlation of 0.24 indicates that over 24.0% of current NICO HOLDINGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 29.4 K |
NICO HOLDINGS LIMITED lagged returns against current returns
Autocorrelation, which is NICO HOLDINGS 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 NICO HOLDINGS's stock expected returns. We can calculate the autocorrelation of NICO HOLDINGS returns to help us make a trade decision. For example, suppose you find that NICO HOLDINGS 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 |
NICO HOLDINGS 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 NICO HOLDINGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NICO HOLDINGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NICO HOLDINGS stock over time.
Current vs Lagged Prices |
| Timeline |
NICO HOLDINGS Lagged Returns
When evaluating NICO HOLDINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NICO HOLDINGS stock have on its future price. NICO HOLDINGS 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, NICO HOLDINGS autocorrelation shows the relationship between NICO HOLDINGS stock current value and its past values and can show if there is a momentum factor associated with investing in NICO HOLDINGS LIMITED.
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.Additional Tools for NICO Stock Analysis
When running NICO HOLDINGS's price analysis, check to measure NICO HOLDINGS'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 NICO HOLDINGS is operating at the current time. Most of NICO HOLDINGS's value examination focuses on studying past and present price action to predict the probability of NICO HOLDINGS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NICO HOLDINGS's price. Additionally, you may evaluate how the addition of NICO HOLDINGS to your portfolios can decrease your overall portfolio volatility.