Nisource Stock Market Value
| NI Stock | USD 36.57 0.55 1.53% |
| Symbol | NiSource |
NiSource Price To Book Ratio
Is Multi-Utilities 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 NiSource. If investors know NiSource 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 NiSource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.097 | Dividend Share 1.06 | Earnings Share 1.64 | Revenue Per Share 11.933 | Quarterly Revenue Growth 0.048 |
The market value of NiSource is measured differently than its book value, which is the value of NiSource that is recorded on the company's balance sheet. Investors also form their own opinion of NiSource's value that differs from its market value or its book value, called intrinsic value, which is NiSource'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 NiSource's market value can be influenced by many factors that don't directly affect NiSource'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 NiSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if NiSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NiSource'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.
NiSource '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 NiSource'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 NiSource.
| 10/18/2024 |
| 11/17/2024 |
If you would invest 0.00 in NiSource on October 18, 2024 and sell it all today you would earn a total of 0.00 from holding NiSource or generate 0.0% return on investment in NiSource over 30 days. NiSource is related to or competes with WEBTOON Entertainment, Vita Coco, Daily Journal, Afya, Willamette Valley, and AMREP. NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United... More
NiSource 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 NiSource'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 NiSource upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8371 | |||
| Information Ratio | 0.1424 | |||
| Maximum Drawdown | 3.98 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.54 |
NiSource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NiSource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NiSource's standard deviation. In reality, there are many statistical measures that can use NiSource historical prices to predict the future NiSource's volatility.| Risk Adjusted Performance | 0.2014 | |||
| Jensen Alpha | 0.2084 | |||
| Total Risk Alpha | 0.109 | |||
| Sortino Ratio | 0.1478 | |||
| Treynor Ratio | 1.75 |
NiSource Backtested Returns
NiSource appears to be very steady, given 3 months investment horizon. NiSource has Sharpe Ratio of 0.25, which conveys that the firm had a 0.25% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for NiSource, which you can use to evaluate the volatility of the firm. Please exercise NiSource's Risk Adjusted Performance of 0.2014, mean deviation of 0.6684, and Market Risk Adjusted Performance of 1.76 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NiSource holds a performance score of 19. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NiSource's returns are expected to increase less than the market. However, during the bear market, the loss of holding NiSource is expected to be smaller as well. Please check NiSource's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether NiSource's current price movements will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
NiSource has insignificant reverse predictability. Overlapping area represents the amount of predictability between NiSource time series from 18th of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 17th of November 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 NiSource price movement. The serial correlation of -0.16 indicates that over 16.0% of current NiSource price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
NiSource lagged returns against current returns
Autocorrelation, which is NiSource 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 NiSource's stock expected returns. We can calculate the autocorrelation of NiSource returns to help us make a trade decision. For example, suppose you find that NiSource 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 |
NiSource 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 NiSource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NiSource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NiSource stock over time.
Current vs Lagged Prices |
| Timeline |
NiSource Lagged Returns
When evaluating NiSource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NiSource stock have on its future price. NiSource 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, NiSource autocorrelation shows the relationship between NiSource stock current value and its past values and can show if there is a momentum factor associated with investing in NiSource.
Regressed Prices |
| Timeline |
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Check out NiSource Correlation, NiSource Volatility and NiSource Alpha and Beta module to complement your research on NiSource. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
NiSource 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.