Nike (Germany) Market Value
| NKE Stock | 84.52 0.18 0.21% |
| Symbol | Nike |
Nike '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 Nike'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 Nike.
| 02/27/2024 |
| 05/27/2024 |
If you would invest 0.00 in Nike on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nike Inc or generate 0.0% return on investment in Nike over 90 days. Nike is related to or competes with Adidas AG, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, Reliance Steel, SYNNEX, and Meli Hotels. More
Nike 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 Nike'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 Nike Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.33 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.96 |
Nike Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nike's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nike's standard deviation. In reality, there are many statistical measures that can use Nike historical prices to predict the future Nike's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.5771 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nike'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.
Nike Inc Backtested Returns
Nike Inc has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Nike exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nike's Risk Adjusted Performance of (0.06), standard deviation of 1.49, and Mean Deviation of 1.03 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nike are expected to decrease at a much lower rate. During the bear market, Nike is likely to outperform the market. Nike Inc has an expected return of -0.19%. Please make sure to verify Nike Inc accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Nike Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Nike Inc has good predictability. Overlapping area represents the amount of predictability between Nike time series from 27th of February 2024 to 12th of April 2024 and 12th of April 2024 to 27th of May 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 Nike Inc price movement. The serial correlation of 0.71 indicates that around 71.0% of current Nike price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.46 |
Nike Inc lagged returns against current returns
Autocorrelation, which is Nike 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 Nike's stock expected returns. We can calculate the autocorrelation of Nike returns to help us make a trade decision. For example, suppose you find that Nike 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 |
Nike 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 Nike stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nike stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nike stock over time.
Current vs Lagged Prices |
| Timeline |
Nike Lagged Returns
When evaluating Nike's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nike stock have on its future price. Nike 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, Nike autocorrelation shows the relationship between Nike stock current value and its past values and can show if there is a momentum factor associated with investing in Nike Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nike Inc is a strong investment it is important to analyze Nike's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nike's future performance. For an informed investment choice regarding Nike Stock, refer to the following important reports:Check out Nike Correlation, Nike Volatility and Nike Alpha and Beta module to complement your research on Nike. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Nike Stock analysis
When running Nike's price analysis, check to measure Nike'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 Nike is operating at the current time. Most of Nike's value examination focuses on studying past and present price action to predict the probability of Nike's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nike's price. Additionally, you may evaluate how the addition of Nike to your portfolios can decrease your overall portfolio volatility.
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Nike 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.