Nishi-Nippon Railroad (Germany) Market Value
| NNR Stock | EUR 13.80 0.10 0.73% |
| Symbol | Nishi-Nippon |
Nishi-Nippon Railroad '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 Nishi-Nippon Railroad'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 Nishi-Nippon Railroad.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Nishi-Nippon Railroad on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nishi Nippon Railroad Co or generate 0.0% return on investment in Nishi-Nippon Railroad over 90 days. Nishi-Nippon Railroad is related to or competes with Indutrade, HANOVER INSURANCE, CarsalesCom, AUTO TRADER, UNIQA INSURANCE, VIENNA INSURANCE, and National Retail. Nishi-Nippon Railroad Co., Ltd. primarily engages in the transportation business in Japan More
Nishi-Nippon Railroad 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 Nishi-Nippon Railroad'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 Nishi Nippon Railroad Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0528 | |||
| Maximum Drawdown | 8.2 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 1.53 |
Nishi-Nippon Railroad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nishi-Nippon Railroad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nishi-Nippon Railroad's standard deviation. In reality, there are many statistical measures that can use Nishi-Nippon Railroad historical prices to predict the future Nishi-Nippon Railroad's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.1504 | |||
| Treynor Ratio | (0.32) |
Nishi Nippon Railroad Backtested Returns
At this point, Nishi-Nippon Railroad is very steady. Nishi Nippon Railroad has Sharpe Ratio of 0.0713, which conveys that the firm had a 0.0713 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Nishi-Nippon Railroad, which you can use to evaluate the volatility of the firm. Please verify Nishi-Nippon Railroad's Mean Deviation of 1.02, risk adjusted performance of (0.01), and Standard Deviation of 1.46 to check out if the risk estimate we provide is consistent with the expected return of 0.0956%. Nishi-Nippon Railroad has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0997, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nishi-Nippon Railroad's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nishi-Nippon Railroad is expected to be smaller as well. Nishi Nippon Railroad right now secures a risk of 1.34%. Please verify Nishi Nippon Railroad Co potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Nishi Nippon Railroad Co will be following its current price movements.
Auto-correlation | -0.41 |
Modest reverse predictability
Nishi Nippon Railroad Co has modest reverse predictability. Overlapping area represents the amount of predictability between Nishi-Nippon Railroad 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 Nishi Nippon Railroad price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Nishi-Nippon Railroad price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nishi Nippon Railroad lagged returns against current returns
Autocorrelation, which is Nishi-Nippon Railroad 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 Nishi-Nippon Railroad's stock expected returns. We can calculate the autocorrelation of Nishi-Nippon Railroad returns to help us make a trade decision. For example, suppose you find that Nishi-Nippon Railroad 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 |
Nishi-Nippon Railroad 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 Nishi-Nippon Railroad stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nishi-Nippon Railroad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nishi-Nippon Railroad stock over time.
Current vs Lagged Prices |
| Timeline |
Nishi-Nippon Railroad Lagged Returns
When evaluating Nishi-Nippon Railroad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nishi-Nippon Railroad stock have on its future price. Nishi-Nippon Railroad 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, Nishi-Nippon Railroad autocorrelation shows the relationship between Nishi-Nippon Railroad stock current value and its past values and can show if there is a momentum factor associated with investing in Nishi Nippon Railroad Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nishi-Nippon Stock
Nishi-Nippon Railroad financial ratios help investors to determine whether Nishi-Nippon 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 Nishi-Nippon with respect to the benefits of owning Nishi-Nippon Railroad security.