Nikola Corp Stock Statistic Functions Beta

NKLA Stock  USD 0.48  0  0.21%   
Nikola Corp statistic functions tool provides the execution environment for running the Beta function and other technical functions against Nikola Corp. Nikola Corp value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Nikola Corp statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Nikola Corp correlated with the market. If Beta is less than 0 Nikola Corp generally moves in the opposite direction as compared to the market. If Nikola Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nikola Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nikola Corp is generally in the same direction as the market. If Beta > 1 Nikola Corp moves generally in the same direction as, but more than the movement of the benchmark.

Nikola Corp Technical Analysis Modules

Most technical analysis of Nikola Corp help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nikola from various momentum indicators to cycle indicators. When you analyze Nikola charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Nikola Corp Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nikola Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nikola Corp based on widely used predictive technical indicators. In general, we focus on analyzing Nikola Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nikola Corp's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Nikola Corp's intrinsic value. In addition to deriving basic predictive indicators for Nikola Corp, we also check how macroeconomic factors affect Nikola Corp price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Days Sales Outstanding277.01368.27
PTB Ratio0.970.92
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nikola Corp'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.
Hype
Prediction
LowEstimatedHigh
0.020.486.37
Details
Intrinsic
Valuation
LowRealHigh
0.020.466.35
Details
Naive
Forecast
LowNextHigh
0.010.576.46
Details
8 Analysts
Consensus
LowTargetHigh
2.202.422.69
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nikola Corp. Your research has to be compared to or analyzed against Nikola Corp's peers to derive any actionable benefits. When done correctly, Nikola Corp'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 Nikola Corp.

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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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Additional Information and Resources on Investing in Nikola Stock

When determining whether Nikola Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nikola Corp'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 Nikola Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikola Corp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nikola Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Construction Machinery & Heavy Transportation Equipment space 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 Nikola Corp. If investors know Nikola 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 Nikola Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.06)
Revenue Per Share
0.033
Quarterly Revenue Growth
(0.30)
Return On Assets
(0.35)
Return On Equity
(1.53)
The market value of Nikola Corp is measured differently than its book value, which is the value of Nikola that is recorded on the company's balance sheet. Investors also form their own opinion of Nikola Corp's value that differs from its market value or its book value, called intrinsic value, which is Nikola Corp'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 Nikola Corp's market value can be influenced by many factors that don't directly affect Nikola Corp'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 Nikola Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nikola Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nikola Corp'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.