NISSAN CHEMICAL (Germany) Market Value
| NSC Stock | EUR 32.60 0.40 1.24% |
| Symbol | NISSAN |
NISSAN CHEMICAL '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 NISSAN CHEMICAL'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 NISSAN CHEMICAL.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in NISSAN CHEMICAL on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding NISSAN CHEMICAL IND or generate 0.0% return on investment in NISSAN CHEMICAL over 330 days. NISSAN CHEMICAL is related to or competes with TOTAL GABON, Walgreens Boots, and Banco Santander. More
NISSAN CHEMICAL 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 NISSAN CHEMICAL'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 NISSAN CHEMICAL IND upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.01 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.89 |
NISSAN CHEMICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NISSAN CHEMICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NISSAN CHEMICAL's standard deviation. In reality, there are many statistical measures that can use NISSAN CHEMICAL historical prices to predict the future NISSAN CHEMICAL's volatility.| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 0.0739 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.653 |
NISSAN CHEMICAL IND Backtested Returns
Currently, NISSAN CHEMICAL IND is very steady. NISSAN CHEMICAL IND has Sharpe Ratio of 0.0861, which conveys that the firm had a 0.0861% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for NISSAN CHEMICAL, which you can use to evaluate the volatility of the firm. Please verify NISSAN CHEMICAL's Risk Adjusted Performance of 0.0745, market risk adjusted performance of 0.663, and Mean Deviation of 0.8194 to check out if the risk estimate we provide is consistent with the expected return of 0.0932%. NISSAN CHEMICAL has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NISSAN CHEMICAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding NISSAN CHEMICAL is expected to be smaller as well. NISSAN CHEMICAL IND currently secures a risk of 1.08%. Please verify NISSAN CHEMICAL IND sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if NISSAN CHEMICAL IND will be following its current price movements.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
NISSAN CHEMICAL IND has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NISSAN CHEMICAL time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd 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 NISSAN CHEMICAL IND price movement. The serial correlation of -0.76 indicates that around 76.0% of current NISSAN CHEMICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 3.15 |
NISSAN CHEMICAL IND lagged returns against current returns
Autocorrelation, which is NISSAN CHEMICAL 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 NISSAN CHEMICAL's stock expected returns. We can calculate the autocorrelation of NISSAN CHEMICAL returns to help us make a trade decision. For example, suppose you find that NISSAN CHEMICAL 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 |
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NISSAN CHEMICAL 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 NISSAN CHEMICAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NISSAN CHEMICAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NISSAN CHEMICAL stock over time.
Current vs Lagged Prices |
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NISSAN CHEMICAL Lagged Returns
When evaluating NISSAN CHEMICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NISSAN CHEMICAL stock have on its future price. NISSAN CHEMICAL 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, NISSAN CHEMICAL autocorrelation shows the relationship between NISSAN CHEMICAL stock current value and its past values and can show if there is a momentum factor associated with investing in NISSAN CHEMICAL IND.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for NISSAN Stock Analysis
When running NISSAN CHEMICAL's price analysis, check to measure NISSAN CHEMICAL'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 NISSAN CHEMICAL is operating at the current time. Most of NISSAN CHEMICAL's value examination focuses on studying past and present price action to predict the probability of NISSAN CHEMICAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NISSAN CHEMICAL's price. Additionally, you may evaluate how the addition of NISSAN CHEMICAL to your portfolios can decrease your overall portfolio volatility.