Nippon OTC Stock Volatility

NCRBF -  USA Stock  

USD 37.30  0.000001  0.00%

Nippon Carbon has Sharpe Ratio of -0.13, which conveys that the firm had -0.13% of return per unit of risk over the last 3 months. Macroaxis 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. Nippon Carbon exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nippon Carbon Co mean deviation of 0.1855, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide.

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Nippon Carbon OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Nippon daily returns, and it is calculated using variance and standard deviation. We also use Nippon's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Nippon Carbon volatility.

720 Days Market Risk

Very steady

Chance of Distress

High

720 Days Economic Sensitivity

Moves indifferently to market moves

Nippon Carbon Market Sensitivity And Downside Risk

Nippon Carbon's beta coefficient measures the volatility of Nippon otc stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Nippon otc stock's returns against your selected market. In other words, Nippon Carbon's beta of -0.015 provides an investor with an approximation of how much risk Nippon Carbon otc stock can potentially add to one of your existing portfolios.
Let's try to break down what Nippon's beta means in this case. As returns on the market increase, returns on owning Nippon Carbon are expected to decrease at a much lower rate. During the bear market, Nippon Carbon is likely to outperform the market.
3 Months Beta |Analyze Nippon Carbon Demand Trend
Check current 90 days Nippon Carbon correlation with market (DOW)

Nippon Beta

    
  -0.015  
Nippon standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  0.82  
It is essential to understand the difference between upside risk (as represented by Nippon Carbon's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Nippon Carbon stock's daily returns or price. Since the actual investment returns on holding a position in Nippon Carbon stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Nippon Carbon.

Nippon Carbon OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Nippon Carbon Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Nippon Carbon Projected Return Density Against Market

Assuming the 90 days horizon Nippon Carbon Co has a beta of -0.015 . This indicates as returns on benchmark increase, returns on holding Nippon Carbon are expected to decrease at a much lower rate. During the bear market, however, Nippon Carbon Co is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nippon Carbon or Nippon Carbon Co sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nippon Carbon stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nippon stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Nippon Carbon is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Nippon Carbon OTC Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nippon Carbon or Nippon Carbon Co sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nippon Carbon stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nippon stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Nippon Carbon is -761.58. The daily returns are distributed with a variance of 0.67 and standard deviation of 0.82. The mean deviation of Nippon Carbon Co is currently at 0.21. For similar time horizon, the selected benchmark (DOW) has volatility of 0.69
α
Alpha over DOW
-0.11
β
Beta against DOW-0.01
σ
Overall volatility
0.82
Ir
Information ratio -0.16

Nippon Carbon OTC Stock Return Volatility

Nippon Carbon historical daily return volatility represents how much Nippon Carbon stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The firm shows 0.8155% volatility of returns over 90 . By contrast, DOW inherits 0.6543% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Nippon Carbon Volatility

Volatility is a rate at which the price of Nippon Carbon or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Nippon Carbon may increase or decrease. In other words, similar to Nippon's beta indicator, it measures the risk of Nippon Carbon and helps estimate the fluctuations that may happen in a short period of time. So if prices of Nippon Carbon fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Nippon Carbon Co., Ltd. engages in the manufacture and sale of carbon products in Japan. The company was founded in 1915 and is headquartered in Tokyo, Japan. Nippon Carbon is traded on OTC Exchange in the United States.

Nippon Carbon Investment Opportunity

Nippon Carbon Co has a volatility of 0.82 and is 1.26 times more volatile than DOW. of all equities and portfolios are less risky than Nippon Carbon. Compared to the overall equity markets, volatility of historical daily returns of Nippon Carbon Co is lower than 6 () of all global equities and portfolios over the last 90 days. Use Nippon Carbon Co to enhance returns of your portfolios. The otc stock experiences a normal upward fluctuation. Check odds of Nippon Carbon to be traded at $39.17 in 90 days. . Let's try to break down what Nippon's beta means in this case. As returns on the market increase, returns on owning Nippon Carbon are expected to decrease at a much lower rate. During the bear market, Nippon Carbon is likely to outperform the market.

Good diversification

The correlation between Nippon Carbon Co and DJI is Good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nippon Carbon Co and DJI in the same portfolio assuming nothing else is changed.

Nippon Carbon Additional Risk Indicators

The analysis of Nippon Carbon's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Nippon Carbon's investment and either accepting that risk or mitigating it. Along with some common measures of Nippon Carbon stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance(0.09)
Market Risk Adjusted Performance7.05
Mean Deviation0.1855
Coefficient Of Variation(799.38)
Standard Deviation0.7644
Variance0.5843
Information Ratio(0.16)
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Nippon Carbon Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Nippon Carbon as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Nippon Carbon's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Nippon Carbon's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Nippon Carbon Co.
Additionally, see Stocks Correlation. Note that the Nippon Carbon information on this page should be used as a complementary analysis to other Nippon Carbon's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

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When running Nippon Carbon price analysis, check to measure Nippon Carbon'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 Nippon Carbon is operating at the current time. Most of Nippon Carbon's value examination focuses on studying past and present price action to predict the probability of Nippon Carbon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nippon Carbon's price. Additionally, you may evaluate how the addition of Nippon Carbon to your portfolios can decrease your overall portfolio volatility.
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The market value of Nippon Carbon is measured differently than its book value, which is the value of Nippon that is recorded on the company's balance sheet. Investors also form their own opinion of Nippon Carbon's value that differs from its market value or its book value, called intrinsic value, which is Nippon Carbon'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 Nippon Carbon's market value can be influenced by many factors that don't directly affect Nippon Carbon underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nippon Carbon's value and its price as these two are different measures arrived at by different means. Investors typically determine Nippon Carbon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nippon Carbon'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.