Nucor Corp (Germany) Market Value
| NUO Stock | EUR 112.44 0.14 0.12% |
| Symbol | Nucor |
Nucor 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 Nucor Corp'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 Nucor Corp.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Nucor Corp on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nucor Corp or generate 0.0% return on investment in Nucor Corp over 60 days. Nucor Corp is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
Nucor 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 Nucor Corp'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 Nucor Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.67 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 3.03 |
Nucor Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nucor Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nucor Corp's standard deviation. In reality, there are many statistical measures that can use Nucor Corp historical prices to predict the future Nucor Corp's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 2.07 |
Nucor Corp Backtested Returns
Nucor Corp has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Nucor Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nucor Corp's Mean Deviation of 1.52, standard deviation of 2.59, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nucor Corp are expected to decrease at a much lower rate. During the bear market, Nucor Corp is likely to outperform the market. At this point, Nucor Corp has a negative expected return of -0.28%. Please make sure to verify Nucor Corp's variance, skewness, price action indicator, as well as the relationship between the total risk alpha and rate of daily change , to decide if Nucor Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Nucor Corp has below average predictability. Overlapping area represents the amount of predictability between Nucor Corp time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Nucor Corp price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Nucor Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 116.79 |
Nucor Corp lagged returns against current returns
Autocorrelation, which is Nucor Corp 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 Nucor Corp's stock expected returns. We can calculate the autocorrelation of Nucor Corp returns to help us make a trade decision. For example, suppose you find that Nucor Corp 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 |
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Nucor 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 Nucor Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nucor Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nucor Corp stock over time.
Current vs Lagged Prices |
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Nucor Corp Lagged Returns
When evaluating Nucor Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nucor Corp stock have on its future price. Nucor 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, Nucor Corp autocorrelation shows the relationship between Nucor Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Nucor Corp.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Nucor Stock Analysis
When running Nucor Corp's price analysis, check to measure Nucor Corp'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 Nucor Corp is operating at the current time. Most of Nucor Corp's value examination focuses on studying past and present price action to predict the probability of Nucor Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nucor Corp's price. Additionally, you may evaluate how the addition of Nucor Corp to your portfolios can decrease your overall portfolio volatility.