Nikolacorp Stock Market Value
| NKLA Stock | USD 0.66 0.02 3.13% |
| Symbol | NikolaCorp |
NikolaCorp Price To Book Ratio
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.
Earnings Share (1.21) | Revenue Per Share 0.045 | Quarterly Revenue Growth 0.757 | Return On Assets (0.31) | Return On Equity (1.39) |
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.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in NikolaCorp on May 24, 2023 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 330 days. NikolaCorp is related to or competes with Ideanomics, Titan International, Deere, Caterpillar, Hydrofarm Holdings, and Urban Gro. 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.
| Downside Deviation | 6.61 | |||
| Information Ratio | 0.0019 | |||
| Maximum Drawdown | 40.82 | |||
| Value At Risk | (8.11) | |||
| Potential Upside | 12.12 |
NikolaCorp Market Risk Indicators
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.| Risk Adjusted Performance | 0.0158 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0018 | |||
| Treynor Ratio | 0.017 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
NikolaCorp Backtested Returns
NikolaCorp appears to be abnormally volatile, given 3 months investment horizon. NikolaCorp has Sharpe Ratio of 0.0363, which conveys that the firm had a 0.0363% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NikolaCorp, which you can use to evaluate the volatility of the firm. Please exercise NikolaCorp's Risk Adjusted Performance of 0.0158, mean deviation of 4.52, and Downside Deviation of 6.61 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NikolaCorp holds a performance score of 2. The company secures a Beta (Market Risk) of 3.38, 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. Please check NikolaCorp's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether NikolaCorp's current price movements will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
NikolaCorp has modest reverse predictability. Overlapping area represents the amount of predictability between NikolaCorp time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th 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 NikolaCorp price movement. The serial correlation of -0.41 indicates that just about 41.0% of current NikolaCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 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 |
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 |
| Timeline |
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.
Regressed Prices |
| Timeline |
NikolaCorp Investors Sentiment
The influence of NikolaCorp'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 NikolaCorp. 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 NikolaCorp's public news can be used to forecast risks associated with an investment in NikolaCorp. The trend in average sentiment can be used to explain how an investor holding NikolaCorp can time the market purely based on public headlines and social activities around NikolaCorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NikolaCorp'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 NikolaCorp'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 NikolaCorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on NikolaCorp.
NikolaCorp Implied Volatility | 489.67 |
NikolaCorp's implied volatility exposes the market's sentiment of NikolaCorp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NikolaCorp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NikolaCorp stock will not fluctuate a lot when NikolaCorp's options are near their expiration.
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 NikolaCorp 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, NikolaCorp's short interest history, or implied volatility extrapolated from NikolaCorp options trading.
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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.
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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.