Nihon Kohden Corp Stock Market Value
| NHNKY Stock | USD 15.31 0.16 1.06% |
| Symbol | Nihon |
Nihon Kohden '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 Nihon Kohden's pink sheet 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 Nihon Kohden.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Nihon Kohden on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Nihon Kohden Corp or generate 0.0% return on investment in Nihon Kohden over 30 days. Nihon Kohden is related to or competes with Aethlon Medical, Co Diagnostics, Bone Biologics, Tivic Health, Cytosorbents Crp, Inspira Technologies, and Brainsway. Nihon Kohden Corporation engages in research and development, production, sale, repair, and maintenance of medical elect... More
Nihon Kohden 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 Nihon Kohden's pink sheet 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 Nihon Kohden Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.23 | |||
| Information Ratio | 0.0275 | |||
| Maximum Drawdown | 24.32 | |||
| Value At Risk | (7.97) | |||
| Potential Upside | 8.71 |
Nihon Kohden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nihon Kohden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nihon Kohden's standard deviation. In reality, there are many statistical measures that can use Nihon Kohden historical prices to predict the future Nihon Kohden's volatility.| Risk Adjusted Performance | 0.0356 | |||
| Jensen Alpha | 0.1602 | |||
| Total Risk Alpha | 0.0135 | |||
| Sortino Ratio | 0.0262 | |||
| Treynor Ratio | 12.16 |
Nihon Kohden Corp Backtested Returns
At this stage we consider Nihon Pink Sheet to be somewhat reliable. Nihon Kohden Corp has Sharpe Ratio of 0.0366, which conveys that the firm had a 0.0366% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nihon Kohden, which you can use to evaluate the volatility of the firm. Please verify Nihon Kohden's Downside Deviation of 5.23, risk adjusted performance of 0.0356, and Mean Deviation of 3.79 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Nihon Kohden has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0132, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nihon Kohden's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nihon Kohden is expected to be smaller as well. Nihon Kohden Corp right now secures a risk of 4.88%. Please verify Nihon Kohden Corp treynor ratio, as well as the relationship between the expected short fall and day typical price , to decide if Nihon Kohden Corp will be following its current price movements.
Auto-correlation | -0.46 |
Modest reverse predictability
Nihon Kohden Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Nihon Kohden time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Nihon Kohden Corp price movement. The serial correlation of -0.46 indicates that about 46.0% of current Nihon Kohden price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Nihon Kohden Corp lagged returns against current returns
Autocorrelation, which is Nihon Kohden pink sheet'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 Nihon Kohden's pink sheet expected returns. We can calculate the autocorrelation of Nihon Kohden returns to help us make a trade decision. For example, suppose you find that Nihon Kohden has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nihon Kohden 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 Nihon Kohden pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nihon Kohden pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nihon Kohden pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nihon Kohden Lagged Returns
When evaluating Nihon Kohden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nihon Kohden pink sheet have on its future price. Nihon Kohden 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, Nihon Kohden autocorrelation shows the relationship between Nihon Kohden pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nihon Kohden Corp.
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.Additional Tools for Nihon Pink Sheet Analysis
When running Nihon Kohden's price analysis, check to measure Nihon Kohden'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 Nihon Kohden is operating at the current time. Most of Nihon Kohden's value examination focuses on studying past and present price action to predict the probability of Nihon Kohden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nihon Kohden's price. Additionally, you may evaluate how the addition of Nihon Kohden to your portfolios can decrease your overall portfolio volatility.