NISOURCE's market value is the price at which a share of NISOURCE trades on an exchange. It measures the collective expectations of NISOURCE FIN P investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of NISOURCE FIN P and determine expected loss or profit from investing in NISOURCE over a given investment horizon. Check out NISOURCE Correlation, NISOURCE Volatility and NISOURCE Alpha and Beta module to complement your research on NISOURCE.
Please note, there is a significant difference between NISOURCE's value and its price as these two are different measures arrived at by different means. Investors typically determine if NISOURCE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NISOURCE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NISOURCE '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 NISOURCE's bond 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 NISOURCE.
0.00
02/05/2024
No Change 0.00
0.0
In 10 months and 27 days
12/31/2024
0.00
If you would invest 0.00 in NISOURCE on February 5, 2024 and sell it all today you would earn a total of 0.00 from holding NISOURCE FIN P or generate 0.0% return on investment in NISOURCE over 330 days. NISOURCE is related to or competes with 00108WAF7, 90331HPL1, BlackRock, Vanguard 500, Vanguard 500, Alcoa Corp, and Disney. More
NISOURCE 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 NISOURCE's bond 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 NISOURCE FIN P 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 NISOURCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NISOURCE's standard deviation. In reality, there are many statistical measures that can use NISOURCE historical prices to predict the future NISOURCE's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NISOURCE. Your research has to be compared to or analyzed against NISOURCE's peers to derive any actionable benefits. When done correctly, NISOURCE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NISOURCE FIN P.
NISOURCE FIN P Backtested Returns
NISOURCE FIN P has Sharpe Ratio of -0.22, which conveys that the entity had a -0.22% return per unit of standard deviation over the last 3 months. NISOURCE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NISOURCE's Risk Adjusted Performance of (0.01), market risk adjusted performance of (0.37), and Mean Deviation of 1.04 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NISOURCE's returns are expected to increase less than the market. However, during the bear market, the loss of holding NISOURCE is expected to be smaller as well.
Auto-correlation
-0.2
Insignificant reverse predictability
NISOURCE FIN P has insignificant reverse predictability. Overlapping area represents the amount of predictability between NISOURCE time series from 5th of February 2024 to 19th of July 2024 and 19th of July 2024 to 31st of December 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 NISOURCE FIN P price movement. The serial correlation of -0.2 indicates that over 20.0% of current NISOURCE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.2
Spearman Rank Test
0.13
Residual Average
0.0
Price Variance
6.36
NISOURCE FIN P lagged returns against current returns
Autocorrelation, which is NISOURCE bond'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 NISOURCE's bond expected returns. We can calculate the autocorrelation of NISOURCE returns to help us make a trade decision. For example, suppose you find that NISOURCE has exhibited high autocorrelation historically, and you observe that the bond 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
NISOURCE 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 NISOURCE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NISOURCE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NISOURCE bond over time.
Current vs Lagged Prices
Timeline
NISOURCE Lagged Returns
When evaluating NISOURCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NISOURCE bond have on its future price. NISOURCE 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, NISOURCE autocorrelation shows the relationship between NISOURCE bond current value and its past values and can show if there is a momentum factor associated with investing in NISOURCE FIN P.
Regressed Prices
Timeline
Also Currently Popular
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.
NISOURCE financial ratios help investors to determine whether NISOURCE Bond 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 NISOURCE with respect to the benefits of owning NISOURCE security.