Nikola Corp Stock Market Value
| NKLA Stock | USD 0.13 0.02 18.18% |
| Symbol | Nikola |
Nikola Corp '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 Nikola Corp's otc 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 Nikola Corp.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Nikola Corp on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nikola Corp or generate 0.0% return on investment in Nikola Corp over 90 days. Nikola Corp is related to or competes with Xos, Hydrofarm Holdings, Caterpillar, AGCO, PACCAR, Deere, and Wabash National. Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation sol... More
Nikola Corp 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 Nikola Corp's otc 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 Nikola Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 81.55 | |||
| Value At Risk | (30.77) | |||
| Potential Upside | 24.03 |
Nikola Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nikola Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nikola Corp's standard deviation. In reality, there are many statistical measures that can use Nikola Corp historical prices to predict the future Nikola Corp's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (2.28) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (1.05) |
Nikola Corp Backtested Returns
Nikola Corp has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15 % return per unit of risk over the last 3 months. Nikola Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nikola Corp's Standard Deviation of 15.79, risk adjusted performance of (0.13), and Mean Deviation of 10.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.43, 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, Nikola Corp will likely underperform. At this point, Nikola Corp has a negative expected return of -2.53%. Please make sure to verify Nikola Corp's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Nikola Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Nikola Corp has average predictability. Overlapping area represents the amount of predictability between Nikola Corp time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Nikola Corp price movement. The serial correlation of 0.49 indicates that about 49.0% of current Nikola Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Nikola Corp lagged returns against current returns
Autocorrelation, which is Nikola Corp otc 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 Nikola Corp's otc stock expected returns. We can calculate the autocorrelation of Nikola Corp returns to help us make a trade decision. For example, suppose you find that Nikola Corp has exhibited high autocorrelation historically, and you observe that the otc 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 |
Nikola Corp 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 Nikola Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nikola Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nikola Corp otc stock over time.
Current vs Lagged Prices |
| Timeline |
Nikola Corp Lagged Returns
When evaluating Nikola Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nikola Corp otc stock have on its future price. Nikola Corp 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, Nikola Corp autocorrelation shows the relationship between Nikola Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Nikola Corp.
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 Nikola OTC Stock
Nikola Corp financial ratios help investors to determine whether Nikola OTC 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 Nikola with respect to the benefits of owning Nikola Corp security.