Nippon Mutual's market value is the price at which a share of Nippon Mutual trades on a public exchange. It measures the collective expectations of Nippon Mutual Funds investors about its performance. Nippon Mutual is trading at 69.70 as of the 10th of January 2025, a 1.27 percent down since the beginning of the trading day. The etf's open price was 70.6. With this module, you can estimate the performance of a buy and hold strategy of Nippon Mutual Funds and determine expected loss or profit from investing in Nippon Mutual over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Nippon
Nippon Mutual '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 Nippon Mutual's etf 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 Nippon Mutual.
0.00
12/11/2024
No Change 0.00
0.0
In 30 days
01/10/2025
0.00
If you would invest 0.00 in Nippon Mutual on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nippon Mutual Funds or generate 0.0% return on investment in Nippon Mutual over 30 days.
Nippon Mutual 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 Nippon Mutual's etf 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 Nippon Mutual Funds upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nippon Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nippon Mutual's standard deviation. In reality, there are many statistical measures that can use Nippon Mutual historical prices to predict the future Nippon Mutual's volatility.
Nippon Mutual Funds has Sharpe Ratio of -0.0507, which conveys that the entity had a -0.0507% return per unit of risk over the last 3 months. Nippon Mutual exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nippon Mutual's Risk Adjusted Performance of (0.04), standard deviation of 1.61, and Mean Deviation of 1.1 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nippon Mutual's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nippon Mutual is expected to be smaller as well.
Auto-correlation
0.81
Very good predictability
Nippon Mutual Funds has very good predictability. Overlapping area represents the amount of predictability between Nippon Mutual time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Nippon Mutual Funds price movement. The serial correlation of 0.81 indicates that around 81.0% of current Nippon Mutual price fluctuation can be explain by its past prices.
Correlation Coefficient
0.81
Spearman Rank Test
0.77
Residual Average
0.0
Price Variance
2.09
Nippon Mutual Funds lagged returns against current returns
Autocorrelation, which is Nippon Mutual etf'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 Nippon Mutual's etf expected returns. We can calculate the autocorrelation of Nippon Mutual returns to help us make a trade decision. For example, suppose you find that Nippon Mutual has exhibited high autocorrelation historically, and you observe that the etf 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
Nippon Mutual 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 Nippon Mutual etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nippon Mutual etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nippon Mutual etf over time.
Current vs Lagged Prices
Timeline
Nippon Mutual Lagged Returns
When evaluating Nippon Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nippon Mutual etf have on its future price. Nippon Mutual 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, Nippon Mutual autocorrelation shows the relationship between Nippon Mutual etf current value and its past values and can show if there is a momentum factor associated with investing in Nippon Mutual Funds.
Regressed Prices
Timeline
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