Nicholas Ii Inc Fund Market Value

NCTWX Fund  USD 36.78  0.37  1.00%   
Nicholas' market value is the price at which a share of Nicholas trades on a public exchange. It measures the collective expectations of Nicholas Ii Inc investors about its performance. Nicholas is trading at 36.78 as of the 16th of December 2024; that is 1 percent decrease since the beginning of the trading day. The fund's open price was 37.15.
With this module, you can estimate the performance of a buy and hold strategy of Nicholas Ii Inc and determine expected loss or profit from investing in Nicholas over a given investment horizon. Check out Nicholas Correlation, Nicholas Volatility and Nicholas Alpha and Beta module to complement your research on Nicholas.
Symbol

Please note, there is a significant difference between Nicholas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nicholas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nicholas' 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.

Nicholas '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 Nicholas' mutual fund 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 Nicholas.
0.00
11/16/2024
No Change 0.00  0.0 
In 31 days
12/16/2024
0.00
If you would invest  0.00  in Nicholas on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Nicholas Ii Inc or generate 0.0% return on investment in Nicholas over 30 days. Nicholas is related to or competes with Nicholas Fund, Nicholas, Nicholas Equity, Moderate Duration, and Fam Value. The fund primarily invests in common stocks of domestic corporations with medium-sized market capitalizations believed t... More

Nicholas 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 Nicholas' mutual fund 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 Nicholas Ii Inc upside and downside potential and time the market with a certain degree of confidence.

Nicholas Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nicholas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nicholas' standard deviation. In reality, there are many statistical measures that can use Nicholas historical prices to predict the future Nicholas' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nicholas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
35.9836.7737.56
Details
Intrinsic
Valuation
LowRealHigh
35.8336.6237.41
Details

Nicholas Ii Backtested Returns

At this stage we consider Nicholas Mutual Fund to be very steady. Nicholas Ii has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nicholas, which you can use to evaluate the volatility of the fund. Please verify Nicholas' Risk Adjusted Performance of 0.106, downside deviation of 0.6723, and Mean Deviation of 0.5691 to check out if the risk estimate we provide is consistent with the expected return of 0.0968%. The fund secures a Beta (Market Risk) of 0.91, which conveys possible diversification benefits within a given portfolio. Nicholas returns are very sensitive to returns on the market. As the market goes up or down, Nicholas is expected to follow.

Auto-correlation

    
  -0.75  

Almost perfect reverse predictability

Nicholas Ii Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nicholas time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Nicholas Ii price movement. The serial correlation of -0.75 indicates that around 75.0% of current Nicholas price fluctuation can be explain by its past prices.
Correlation Coefficient-0.75
Spearman Rank Test-0.7
Residual Average0.0
Price Variance0.05

Nicholas Ii lagged returns against current returns

Autocorrelation, which is Nicholas mutual fund'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 Nicholas' mutual fund expected returns. We can calculate the autocorrelation of Nicholas returns to help us make a trade decision. For example, suppose you find that Nicholas has exhibited high autocorrelation historically, and you observe that the mutual fund 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  

Nicholas 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 Nicholas mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nicholas mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nicholas mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Nicholas Lagged Returns

When evaluating Nicholas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nicholas mutual fund have on its future price. Nicholas 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, Nicholas autocorrelation shows the relationship between Nicholas mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Nicholas Ii Inc.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Nicholas Mutual Fund

Nicholas financial ratios help investors to determine whether Nicholas Mutual Fund 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 Nicholas with respect to the benefits of owning Nicholas security.
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