Nice Ltd Adr Stock Market Value
| NICE Stock | USD 230.71 2.28 1.00% |
| Symbol | Nice |
Nice Ltd ADR Price To Book Ratio
Is Nice's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nice. If investors know Nice will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nice listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.168 | Earnings Share 5.12 | Revenue Per Share 1.4955 | Quarterly Revenue Growth 0.096 | Return On Assets 0.054 |
The market value of Nice Ltd ADR is measured differently than its book value, which is the value of Nice that is recorded on the company's balance sheet. Investors also form their own opinion of Nice's value that differs from its market value or its book value, called intrinsic value, which is Nice's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nice's market value can be influenced by many factors that don't directly affect Nice's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nice's 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.
Nice '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 Nice'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 Nice.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Nice on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Nice Ltd ADR or generate 0.0% return on investment in Nice over 30 days. Nice is related to or competes with Verint Systems, Elbit Systems, AudioCodes, HubSpot, and Tower Semiconductor. NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide More
Nice 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 Nice'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 Nice Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.0178 | |||
| Maximum Drawdown | 12.1 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.55 |
Nice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nice's standard deviation. In reality, there are many statistical measures that can use Nice historical prices to predict the future Nice's volatility.| Risk Adjusted Performance | 0.0499 | |||
| Jensen Alpha | 0.0132 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0203 | |||
| Treynor Ratio | 0.0961 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nice's 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.
Nice Ltd ADR Backtested Returns
We consider Nice very steady. Nice Ltd ADR has Sharpe Ratio of 0.0575, which conveys that the firm had a 0.0575% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nice, which you can use to evaluate the volatility of the firm. Please verify Nice's Mean Deviation of 1.29, risk adjusted performance of 0.0499, and Downside Deviation of 1.61 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Nice has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.23, 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, Nice will likely underperform. Nice Ltd ADR right now secures a risk of 1.88%. Please verify Nice Ltd ADR maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Nice Ltd ADR will be following its current price movements.
Auto-correlation | 0.84 |
Very good predictability
Nice Ltd ADR has very good predictability. Overlapping area represents the amount of predictability between Nice time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Nice Ltd ADR price movement. The serial correlation of 0.84 indicates that around 84.0% of current Nice price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 40.41 |
Nice Ltd ADR lagged returns against current returns
Autocorrelation, which is Nice 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 Nice's stock expected returns. We can calculate the autocorrelation of Nice returns to help us make a trade decision. For example, suppose you find that Nice 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 |
Nice 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 Nice stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nice stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nice stock over time.
Current vs Lagged Prices |
| Timeline |
Nice Lagged Returns
When evaluating Nice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nice stock have on its future price. Nice 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, Nice autocorrelation shows the relationship between Nice stock current value and its past values and can show if there is a momentum factor associated with investing in Nice Ltd ADR.
Regressed Prices |
| Timeline |
Nice Investors Sentiment
The influence of Nice's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nice. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Nice's public news can be used to forecast risks associated with an investment in Nice. The trend in average sentiment can be used to explain how an investor holding Nice can time the market purely based on public headlines and social activities around Nice Ltd ADR. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Nice's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nice's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nice's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nice.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nice in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nice's short interest history, or implied volatility extrapolated from Nice options trading.
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Try AI Portfolio ArchitectCheck out Nice Correlation, Nice Volatility and Nice Alpha and Beta module to complement your research on Nice. Note that the Nice Ltd ADR information on this page should be used as a complementary analysis to other Nice's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Nice Stock analysis
When running Nice's price analysis, check to measure Nice'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 Nice is operating at the current time. Most of Nice's value examination focuses on studying past and present price action to predict the probability of Nice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nice's price. Additionally, you may evaluate how the addition of Nice to your portfolios can decrease your overall portfolio volatility.
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