NIKKON HOLDINGS (Germany) Market Value
| 1CM Stock | EUR 12.10 0.10 0.82% |
| Symbol | NIKKON |
NIKKON HOLDINGS '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 NIKKON HOLDINGS'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 NIKKON HOLDINGS.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in NIKKON HOLDINGS on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding NIKKON HOLDINGS TD or generate 0.0% return on investment in NIKKON HOLDINGS over 180 days. NIKKON HOLDINGS is related to or competes with COSTCO WHOLESALE, Lifeway Foods, Fast Retailing, Nomad Foods, and Vastned Retail. Nikkon Holdings Co., Ltd. engages in the cargo and truck transportation businesses in Japan and internationally More
NIKKON HOLDINGS 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 NIKKON HOLDINGS'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 NIKKON HOLDINGS TD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0203 | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.75 |
NIKKON HOLDINGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NIKKON HOLDINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIKKON HOLDINGS's standard deviation. In reality, there are many statistical measures that can use NIKKON HOLDINGS historical prices to predict the future NIKKON HOLDINGS's volatility.| Risk Adjusted Performance | 0.0386 | |||
| Jensen Alpha | 0.0497 | |||
| Total Risk Alpha | 0.0113 | |||
| Sortino Ratio | 0.0138 | |||
| Treynor Ratio | 1.08 |
NIKKON HOLDINGS TD Backtested Returns
At this point, NIKKON HOLDINGS is not too volatile. NIKKON HOLDINGS TD has Sharpe Ratio of 0.0623, which conveys that the firm had a 0.0623% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for NIKKON HOLDINGS, which you can use to evaluate the volatility of the firm. Please verify NIKKON HOLDINGS's mean deviation of 0.8498, and Risk Adjusted Performance of 0.0386 to check out if the risk estimate we provide is consistent with the expected return of 0.0866%. NIKKON HOLDINGS has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0468, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NIKKON HOLDINGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding NIKKON HOLDINGS is expected to be smaller as well. NIKKON HOLDINGS TD currently secures a risk of 1.39%. Please verify NIKKON HOLDINGS TD mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if NIKKON HOLDINGS TD will be following its current price movements.
Auto-correlation | 0.67 |
Good predictability
NIKKON HOLDINGS TD has good predictability. Overlapping area represents the amount of predictability between NIKKON HOLDINGS time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 NIKKON HOLDINGS TD price movement. The serial correlation of 0.67 indicates that around 67.0% of current NIKKON HOLDINGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
NIKKON HOLDINGS TD lagged returns against current returns
Autocorrelation, which is NIKKON HOLDINGS 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 NIKKON HOLDINGS's stock expected returns. We can calculate the autocorrelation of NIKKON HOLDINGS returns to help us make a trade decision. For example, suppose you find that NIKKON HOLDINGS 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 |
| Timeline |
NIKKON HOLDINGS 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 NIKKON HOLDINGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIKKON HOLDINGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIKKON HOLDINGS stock over time.
Current vs Lagged Prices |
| Timeline |
NIKKON HOLDINGS Lagged Returns
When evaluating NIKKON HOLDINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIKKON HOLDINGS stock have on its future price. NIKKON HOLDINGS 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, NIKKON HOLDINGS autocorrelation shows the relationship between NIKKON HOLDINGS stock current value and its past values and can show if there is a momentum factor associated with investing in NIKKON HOLDINGS TD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NIKKON Stock
NIKKON HOLDINGS financial ratios help investors to determine whether NIKKON Stock 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 NIKKON with respect to the benefits of owning NIKKON HOLDINGS security.