Ngk Insulators Stock Market Value
| NGKIF Stock | USD 13.31 0.29 2.13% |
| Symbol | NGK |
NGK Insulators '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 NGK Insulators' 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 NGK Insulators.
| 03/05/2024 |
| 06/03/2024 |
If you would invest 0.00 in NGK Insulators on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding NGK Insulators or generate 0.0% return on investment in NGK Insulators over 90 days. NGK Insulators is related to or competes with Hillenbrand, Generac Holdings, and Atlas Copco. NGK Insulators, Ltd., together with its subsidiaries, manufactures and sells electric power related equipment in Japan, ... More
NGK Insulators 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 NGK Insulators' 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 NGK Insulators upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.095 | |||
| Maximum Drawdown | 11.67 | |||
| Potential Upside | 1.12 |
NGK Insulators Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NGK Insulators' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NGK Insulators' standard deviation. In reality, there are many statistical measures that can use NGK Insulators historical prices to predict the future NGK Insulators' volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 0.1614 | |||
| Total Risk Alpha | 0.0836 | |||
| Treynor Ratio | (0.79) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NGK Insulators' 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.
NGK Insulators Backtested Returns
We consider NGK Insulators very steady. NGK Insulators has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for NGK Insulators, which you can use to evaluate the volatility of the firm. Please verify NGK Insulators' risk adjusted performance of 0.0869, and Mean Deviation of 0.4158 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. NGK Insulators has a performance score of 10 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NGK Insulators are expected to decrease at a much lower rate. During the bear market, NGK Insulators is likely to outperform the market. NGK Insulators now secures a risk of 1.28%. Please verify NGK Insulators kurtosis, and the relationship between the total risk alpha and day median price , to decide if NGK Insulators will be following its current price movements.
Auto-correlation | 0.43 |
Average predictability
NGK Insulators has average predictability. Overlapping area represents the amount of predictability between NGK Insulators time series from 5th of March 2024 to 19th of April 2024 and 19th of April 2024 to 3rd of June 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 NGK Insulators price movement. The serial correlation of 0.43 indicates that just about 43.0% of current NGK Insulators price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NGK Insulators lagged returns against current returns
Autocorrelation, which is NGK Insulators 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 NGK Insulators' pink sheet expected returns. We can calculate the autocorrelation of NGK Insulators returns to help us make a trade decision. For example, suppose you find that NGK Insulators 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 |
NGK Insulators 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 NGK Insulators pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NGK Insulators pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NGK Insulators pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NGK Insulators Lagged Returns
When evaluating NGK Insulators' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NGK Insulators pink sheet have on its future price. NGK Insulators 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, NGK Insulators autocorrelation shows the relationship between NGK Insulators pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NGK Insulators.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out NGK Insulators Correlation, NGK Insulators Volatility and NGK Insulators Alpha and Beta module to complement your research on NGK Insulators. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for NGK Pink Sheet analysis
When running NGK Insulators' price analysis, check to measure NGK Insulators' 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 NGK Insulators is operating at the current time. Most of NGK Insulators' value examination focuses on studying past and present price action to predict the probability of NGK Insulators' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NGK Insulators' price. Additionally, you may evaluate how the addition of NGK Insulators to your portfolios can decrease your overall portfolio volatility.
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NGK Insulators technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.