NikolaCorp's market value is the price at which a share of NikolaCorp stock trades on a public exchange. It measures the collective expectations of NikolaCorp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of NikolaCorp and determine expected loss or profit from investing in NikolaCorp over a given investment horizon. Check out NikolaCorp Correlation, NikolaCorp Volatility and NikolaCorp Alpha and Beta module to complement your research on NikolaCorp.
Is NikolaCorp'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 NikolaCorp. If investors know NikolaCorp 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 NikolaCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
Return On Equity
The market value of NikolaCorp is measured differently than its book value, which is the value of NikolaCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NikolaCorp's value that differs from its market value or its book value, called intrinsic value, which is NikolaCorp'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 NikolaCorp's market value can be influenced by many factors that don't directly affect NikolaCorp'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 NikolaCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NikolaCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NikolaCorp'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.
NikolaCorp '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 NikolaCorp'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 NikolaCorp.
No Change 0.00
In 30 days
If you would invest 0.00 in NikolaCorp on January 23, 2024 and sell it all today you would earn a total of 0.00 from holding NikolaCorp or generate 0.0% return on investment in NikolaCorp over 30 days. NikolaCorp is related to or competes with Deere, Alamo, Caterpillar, Lindsay, Manitowoc, and Titan International. Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation sol... More
NikolaCorp 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 NikolaCorp'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 NikolaCorp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NikolaCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NikolaCorp's standard deviation. In reality, there are many statistical measures that can use NikolaCorp historical prices to predict the future NikolaCorp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NikolaCorp'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. Please use the tools below to analyze the current value of NikolaCorp in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NikolaCorp. Your research has to be compared to or analyzed against NikolaCorp's peers to derive any actionable benefits. When done correctly, NikolaCorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NikolaCorp.
NikolaCorp Backtested Returns
NikolaCorp has Sharpe Ratio of -0.0535, which conveys that the firm had -0.0535% return per unit of risk over the last 3 months. Our standpoint towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. NikolaCorp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please verify NikolaCorp's Standard Deviation of 6.13, mean deviation of 4.5, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 4.64, 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, NikolaCorp will likely underperform. Even though it is essential to pay attention to NikolaCorpprice patterns, it is always good to be careful when utilizing equity historical price patterns. NikolaCorp has an expected return of -0.34%. Please make sure to verify NikolaCorp treynor ratio and the relationship between the skewness and day typical price to decide if NikolaCorp performance from the past will be repeated at some point in the near future.
Virtually no predictability
NikolaCorp has virtually no predictability. Overlapping area represents the amount of predictability between NikolaCorp time series from 23rd of January 2024 to 7th of February 2024 and 7th of February 2024 to 22nd of February 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 NikolaCorp price movement. The serial correlation of 0.06 indicates that barely 6.0% of current NikolaCorp price fluctuation can be explain by its past prices.
Spearman Rank Test
NikolaCorp lagged returns against current returns
Autocorrelation, which is NikolaCorp 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 NikolaCorp's stock expected returns. We can calculate the autocorrelation of NikolaCorp returns to help us make a trade decision. For example, suppose you find that NikolaCorp stock 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 stock movement to match the lagging time series.
Current and Lagged Values
NikolaCorp 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 NikolaCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NikolaCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NikolaCorp stock over time.
Current vs Lagged Prices
NikolaCorp Lagged Returns
When evaluating NikolaCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NikolaCorp stock have on its future price. NikolaCorp 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, NikolaCorp autocorrelation shows the relationship between NikolaCorp stock current value and its past values and can show if there is a momentum factor associated with investing in NikolaCorp.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
When determining whether NikolaCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NikolaCorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nikolacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikolacorp Stock:
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for NikolaCorp Stock analysis
When running NikolaCorp's price analysis, check to measure NikolaCorp'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 NikolaCorp is operating at the current time. Most of NikolaCorp's value examination focuses on studying past and present price action to predict the probability of NikolaCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NikolaCorp's price. Additionally, you may evaluate how the addition of NikolaCorp to your portfolios can decrease your overall portfolio volatility.
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
NikolaCorp technical stock 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, stock market cycles, or different charting patterns.
A focus of NikolaCorp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NikolaCorp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk
associated with market volatility, economic swings, and company-specific events. View terms and conditions