Nucor (Germany) Market Value
| NUO Stock | EUR 111.98 1.76 1.60% |
| Symbol | Nucor |
Nucor '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 Nucor'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 Nucor.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Nucor on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Nucor or generate 0.0% return on investment in Nucor over 390 days. Nucor is related to or competes with ArcelorMittal, ArcelorMittal, Steel Dynamics, Nippon Steel, POSCO Holdings, and Toyota Tsusho. Nucor Corporation manufactures and sells steel and steel products in the United States and internationally More
Nucor 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 Nucor'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 Nucor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 23.93 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 3.41 |
Nucor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nucor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nucor's standard deviation. In reality, there are many statistical measures that can use Nucor historical prices to predict the future Nucor's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.06) |
Nucor Backtested Returns
Nucor has Sharpe Ratio of -0.0613, which conveys that the firm had a -0.0613% return per unit of risk over the last 3 months. Nucor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nucor's Mean Deviation of 2.2, risk adjusted performance of (0.03), and Standard Deviation of 3.33 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.51, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nucor will likely underperform. At this point, Nucor has a negative expected return of -0.2%. Please make sure to verify Nucor's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Nucor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Nucor has good reverse predictability. Overlapping area represents the amount of predictability between Nucor time series from 28th of November 2023 to 10th of June 2024 and 10th of June 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 Nucor price movement. The serial correlation of -0.52 indicates that about 52.0% of current Nucor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 55.35 |
Nucor lagged returns against current returns
Autocorrelation, which is Nucor 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 Nucor's stock expected returns. We can calculate the autocorrelation of Nucor returns to help us make a trade decision. For example, suppose you find that Nucor 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 |
Nucor 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 Nucor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nucor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nucor stock over time.
Current vs Lagged Prices |
| Timeline |
Nucor Lagged Returns
When evaluating Nucor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nucor stock have on its future price. Nucor 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, Nucor autocorrelation shows the relationship between Nucor stock current value and its past values and can show if there is a momentum factor associated with investing in Nucor.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nucor Stock
Nucor financial ratios help investors to determine whether Nucor 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 Nucor with respect to the benefits of owning Nucor security.