Nsk Ltd Adr Stock Market Value
| NPSKY Stock | USD 8.64 0.34 3.79% |
| Symbol | NSK |
NSK '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 NSK's pink sheet 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 NSK.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in NSK on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding NSK Ltd ADR or generate 0.0% return on investment in NSK over 180 days. NSK is related to or competes with Allison Transmission, Luminar Technologies, Quantumscape Corp, Lear, BorgWarner, Autoliv, and Fox Factory. NSK Ltd., together with its subsidiaries, manufactures and sells industrial machinery bearings, automotive products, and... More
NSK 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 NSK's pink sheet 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 NSK Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 15.19 | |||
| Value At Risk | (6.05) | |||
| Potential Upside | 3.24 |
NSK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NSK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NSK's standard deviation. In reality, there are many statistical measures that can use NSK historical prices to predict the future NSK's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 10.21 |
NSK Ltd ADR Backtested Returns
NSK Ltd ADR has Sharpe Ratio of -0.0626, which conveys that the firm had a -0.0626% return per unit of volatility over the last 3 months. NSK exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NSK's mean deviation of 1.44, and Risk Adjusted Performance of (0.1) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0353, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NSK are expected to decrease at a much lower rate. During the bear market, NSK is likely to outperform the market. At this point, NSK Ltd ADR has a negative expected return of -0.14%. Please make sure to verify NSK's information ratio, skewness, as well as the relationship between the Skewness and price action indicator , to decide if NSK Ltd ADR performance from the past will be repeated at future time.
Auto-correlation | -0.5 |
Modest reverse predictability
NSK Ltd ADR has modest reverse predictability. Overlapping area represents the amount of predictability between NSK time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 NSK Ltd ADR price movement. The serial correlation of -0.5 indicates that about 50.0% of current NSK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
NSK Ltd ADR lagged returns against current returns
Autocorrelation, which is NSK pink sheet'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 NSK's pink sheet expected returns. We can calculate the autocorrelation of NSK returns to help us make a trade decision. For example, suppose you find that NSK has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
NSK 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 NSK pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NSK pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NSK pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NSK Lagged Returns
When evaluating NSK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NSK pink sheet have on its future price. NSK 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, NSK autocorrelation shows the relationship between NSK pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NSK Ltd ADR.
Regressed Prices |
| Timeline |
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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 NSK Pink Sheet Analysis
When running NSK's price analysis, check to measure NSK'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 NSK is operating at the current time. Most of NSK's value examination focuses on studying past and present price action to predict the probability of NSK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NSK's price. Additionally, you may evaluate how the addition of NSK to your portfolios can decrease your overall portfolio volatility.