Nikolacorp Stock Performance

NKLA Stock  USD 0.63  0.01  1.56%   
NikolaCorp has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 3.1, 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. NikolaCorp right now secures a risk of 6.34%. Please verify NikolaCorp downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if NikolaCorp will be following its current price movements.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in NikolaCorp are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unfluctuating essential indicators, NikolaCorp may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
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Begin Period Cash Flow236.4 M

NikolaCorp Relative Risk vs. Return Landscape

If you would invest  65.00  in NikolaCorp on January 23, 2024 and sell it today you would lose (2.00) from holding NikolaCorp or give up 3.08% of portfolio value over 90 days. NikolaCorp is currently generating 0.1566% in daily expected returns and assumes 6.3379% risk (volatility on return distribution) over the 90 days horizon. In different words, 56% of stocks are less volatile than NikolaCorp, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
Given the investment horizon of 90 days NikolaCorp is expected to generate 10.14 times more return on investment than the market. However, the company is 10.14 times more volatile than its market benchmark. It trades about 0.02 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.12 per unit of risk.

NikolaCorp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for NikolaCorp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NikolaCorp, and traders can use it to determine the average amount a NikolaCorp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0247

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Estimated Market Risk

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56% of assets are less volatile

Expected Return

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97% of assets have higher returns

Risk-Adjusted Return

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99% of assets perform better
Based on monthly moving average NikolaCorp is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NikolaCorp by adding it to a well-diversified portfolio.

NikolaCorp Fundamentals Growth

NikolaCorp Stock prices reflect investors' perceptions of the future prospects and financial health of NikolaCorp, and NikolaCorp fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NikolaCorp Stock performance.

About NikolaCorp Performance

To evaluate NikolaCorp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when NikolaCorp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare NikolaCorp Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand NikolaCorp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents NikolaCorp's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 79.93  75.94 
Return On Tangible Assets(0.79)(0.83)
Return On Capital Employed(0.61)(0.64)
Return On Assets(0.74)(0.78)
Return On Equity(1.34)(1.41)

Things to note about NikolaCorp performance evaluation

Checking the ongoing alerts about NikolaCorp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NikolaCorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
NikolaCorp had very high historical volatility over the last 90 days
NikolaCorp has some characteristics of a very speculative penny stock
NikolaCorp has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 35.84 M. Net Loss for the year was (864.62 M) with loss before overhead, payroll, taxes, and interest of (104.76 M).
NikolaCorp currently holds about 319.94 M in cash with (501.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Latest headline from Here is What to Know Beyond Why Nikola Corporation is a Trending Stock
Evaluating NikolaCorp's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate NikolaCorp's stock performance include:
  • Analyzing NikolaCorp's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NikolaCorp's stock is overvalued or undervalued compared to its peers.
  • Examining NikolaCorp's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating NikolaCorp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NikolaCorp's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of NikolaCorp's stock. These opinions can provide insight into NikolaCorp's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating NikolaCorp's stock performance is not an exact science, and many factors can impact NikolaCorp's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NikolaCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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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
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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.