Nishi Nippon (Germany) Market Value
| NNR Stock | EUR 14.10 0.10 0.71% |
| Symbol | Nishi |
Nishi Nippon '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'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.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Nishi Nippon on January 9, 2023 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 over 690 days. Nishi Nippon is related to or competes with Union Pacific, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Talanx AG. Nishi-Nippon Railroad Co., Ltd. primarily engages in the transportation business in Japan More
Nishi Nippon 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'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 | (0.15) | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.53 |
Nishi Nippon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nishi Nippon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nishi Nippon's standard deviation. In reality, there are many statistical measures that can use Nishi Nippon historical prices to predict the future Nishi Nippon's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.3337 |
Nishi Nippon Railroad Backtested Returns
Nishi Nippon Railroad has Sharpe Ratio of -0.0272, which conveys that the firm had a -0.0272% return per unit of risk over the last 3 months. Nishi Nippon exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nishi Nippon's Mean Deviation of 0.8706, risk adjusted performance of (0.04), and Standard Deviation of 1.33 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nishi Nippon are expected to decrease at a much lower rate. During the bear market, Nishi Nippon is likely to outperform the market. At this point, Nishi Nippon Railroad has a negative expected return of -0.0357%. Please make sure to verify Nishi Nippon's 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 performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Nishi Nippon Railroad Co has poor reverse predictability. Overlapping area represents the amount of predictability between Nishi Nippon time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Nishi Nippon Railroad price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Nishi Nippon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 4.03 |
Nishi Nippon Railroad lagged returns against current returns
Autocorrelation, which is Nishi Nippon 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's stock expected returns. We can calculate the autocorrelation of Nishi Nippon returns to help us make a trade decision. For example, suppose you find that Nishi Nippon 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nishi Nippon 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 stock over time.
Current vs Lagged Prices |
| Timeline |
Nishi Nippon Lagged Returns
When evaluating Nishi Nippon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nishi Nippon stock have on its future price. Nishi Nippon 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 autocorrelation shows the relationship between Nishi Nippon 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 Stock
Nishi Nippon financial ratios help investors to determine whether Nishi 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 with respect to the benefits of owning Nishi Nippon security.