Nitori Holdings Co Stock Market Value
| NCLTY Stock | USD 13.72 0.10 0.73% |
| Symbol | Nitori |
Nitori Holdings '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 Nitori Holdings' 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 Nitori Holdings.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Nitori Holdings on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nitori Holdings Co or generate 0.0% return on investment in Nitori Holdings over 60 days. Nitori Holdings is related to or competes with Burlington Stores, Childrens Place, Buckle, Shoe Carnival, Urban Outfitters, American Eagle, and Gap. Nitori Holdings Co., Ltd., through its subsidiaries, retails furniture and interior products in Japan, China, Taiwan, an... More
Nitori Holdings 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 Nitori Holdings' 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 Nitori Holdings Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.0436 | |||
| Maximum Drawdown | 9.7 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 4.22 |
Nitori Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nitori Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nitori Holdings' standard deviation. In reality, there are many statistical measures that can use Nitori Holdings historical prices to predict the future Nitori Holdings' volatility.| Risk Adjusted Performance | 0.0636 | |||
| Jensen Alpha | 0.1423 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0458 | |||
| Treynor Ratio | 0.479 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nitori Holdings' 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.
Nitori Holdings Backtested Returns
We consider Nitori Holdings not too volatile. Nitori Holdings has Sharpe Ratio of 0.0474, which conveys that the firm had a 0.0474% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nitori Holdings, which you can use to evaluate the volatility of the firm. Please verify Nitori Holdings' Downside Deviation of 1.91, risk adjusted performance of 0.0636, and Mean Deviation of 1.55 to check out if the risk estimate we provide is consistent with the expected return of 0.0959%. Nitori Holdings has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nitori Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nitori Holdings is expected to be smaller as well. Nitori Holdings right now secures a risk of 2.02%. Please verify Nitori Holdings Co downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Nitori Holdings Co will be following its current price movements.
Auto-correlation | -0.3 |
Weak reverse predictability
Nitori Holdings Co has weak reverse predictability. Overlapping area represents the amount of predictability between Nitori Holdings time series from 24th of February 2024 to 25th of March 2024 and 25th of March 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 Nitori Holdings price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Nitori Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Nitori Holdings lagged returns against current returns
Autocorrelation, which is Nitori Holdings 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 Nitori Holdings' pink sheet expected returns. We can calculate the autocorrelation of Nitori Holdings returns to help us make a trade decision. For example, suppose you find that Nitori Holdings 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 |
Nitori Holdings 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 Nitori Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nitori Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nitori Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nitori Holdings Lagged Returns
When evaluating Nitori Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nitori Holdings pink sheet have on its future price. Nitori Holdings 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, Nitori Holdings autocorrelation shows the relationship between Nitori Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nitori Holdings Co.
Regressed Prices |
| Timeline |
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Complementary Tools for Nitori Pink Sheet analysis
When running Nitori Holdings' price analysis, check to measure Nitori Holdings' 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 Nitori Holdings is operating at the current time. Most of Nitori Holdings' value examination focuses on studying past and present price action to predict the probability of Nitori Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitori Holdings' price. Additionally, you may evaluate how the addition of Nitori Holdings to your portfolios can decrease your overall portfolio volatility.
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Nitori Holdings 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.