Nintendo Co Stock Market Value
| NTDOF Stock | USD 52.60 1.19 2.21% |
| Symbol | Nintendo |
Nintendo '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 Nintendo'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 Nintendo.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nintendo on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nintendo Co or generate 0.0% return on investment in Nintendo over 90 days. Nintendo is related to or competes with Playstudios, Doubledown Interactive, Bragg Gaming, Golden Matrix, and Snail,. Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Jap... More
Nintendo 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 Nintendo'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 Nintendo Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.93 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 4.69 |
Nintendo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nintendo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nintendo's standard deviation. In reality, there are many statistical measures that can use Nintendo historical prices to predict the future Nintendo's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | 0.0731 | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.0371 |
Nintendo Backtested Returns
Nintendo has Sharpe Ratio of -0.0141, which conveys that the firm had a -0.0141% return per unit of risk over the last 3 months. Nintendo exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nintendo's Standard Deviation of 2.9, mean deviation of 2.16, and Risk Adjusted Performance of 0.0014 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.88, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Nintendo are expected to decrease slowly. On the other hand, during market turmoil, Nintendo is expected to outperform it slightly. At this point, Nintendo has a negative expected return of -0.042%. Please make sure to verify Nintendo's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Nintendo performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Nintendo Co has virtually no predictability. Overlapping area represents the amount of predictability between Nintendo time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Nintendo price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Nintendo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Nintendo lagged returns against current returns
Autocorrelation, which is Nintendo 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 Nintendo's pink sheet expected returns. We can calculate the autocorrelation of Nintendo returns to help us make a trade decision. For example, suppose you find that Nintendo 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 |
Nintendo 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 Nintendo pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nintendo pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nintendo pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nintendo Lagged Returns
When evaluating Nintendo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nintendo pink sheet have on its future price. Nintendo 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, Nintendo autocorrelation shows the relationship between Nintendo pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nintendo Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nintendo Pink Sheet
Nintendo financial ratios help investors to determine whether Nintendo Pink Sheet 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 Nintendo with respect to the benefits of owning Nintendo security.