Nitto Denko Stock Analysis

Nitto Pink Sheet Analysis Notes

About 63.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.36. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nitto Denko recorded earning per share (EPS) of 5.56. The entity last dividend was issued on the 30th of March 2023. Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. Nitto Denko Corporation was incorporated in 1918 and is headquartered in Osaka, Japan. Nitto Denko operates under Specialty Chemicals classification in the United States and is traded on OTC Exchange. It employs 25961 people.The quote for Nitto Denko is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To find out more about Nitto Denko contact Hideo Takasaki at 81 6 7632 2101 or learn more at https://www.nitto.com.

Nitto Denko Investment Alerts

Nitto Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 9.58 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nitto Denko's market, we take the total number of its shares issued and multiply it by Nitto Denko's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Nitto Profitablity

The company has Profit Margin (PM) of 0.12 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.17 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.17.

Technical Drivers

As of the 21st of March, Nitto Denko secures the Risk Adjusted Performance of 0.1722, mean deviation of 0.7927, and Standard Deviation of 1.84. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nitto Denko, as well as the relationship between them. Please verify Nitto Denko coefficient of variation, as well as the relationship between the total risk alpha and potential upside to decide if Nitto Denko is priced some-what accurately, providing market reflects its recent price of 20.15 per share. Given that Nitto Denko has total risk alpha of 0.4924, we recommend you to check Nitto Denko's last-minute market performance to make sure the company can sustain itself at a future point.

Nitto Denko Price Movement Analysis

Nitto Denko Predictive Daily Indicators

Nitto Denko Forecast Models

Nitto Denko's time-series forecasting models are one of many Nitto Denko's pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Nitto Denko's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how Nitto Denko prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Nitto shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as Nitto Denko. By using and applying Nitto Pink Sheet analysis, traders can create a robust methodology for identifying Nitto entry and exit points for their positions.

When running Nitto Denko's price analysis, check to measure Nitto Denko'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 Nitto Denko is operating at the current time. Most of Nitto Denko's value examination focuses on studying past and present price action to predict the probability of Nitto Denko's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitto Denko's price. Additionally, you may evaluate how the addition of Nitto Denko to your portfolios can decrease your overall portfolio volatility.