Nintendo Co Adr Stock Market Value
| NTDOY Stock | USD 14.93 0.12 0.81% |
| Symbol | Nintendo |
Nintendo '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 Nintendo's pink sheet 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 Nintendo.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Nintendo on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Nintendo Co ADR or generate 0.0% return on investment in Nintendo over 30 days. Nintendo is related to or competes with Square Enix, Capcom Co, Electronic Arts, Roblox Corp, NetEase, Take Two, and Playtika Holding. Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Jap... More
Nintendo 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 Nintendo's pink sheet 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 Nintendo Co ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0734 | |||
| Maximum Drawdown | 8.8 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 3.56 |
Nintendo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nintendo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nintendo's standard deviation. In reality, there are many statistical measures that can use Nintendo historical prices to predict the future Nintendo's volatility.| Risk Adjusted Performance | 0.0893 | |||
| Jensen Alpha | 0.1828 | |||
| Total Risk Alpha | 0.0478 | |||
| Sortino Ratio | 0.0867 | |||
| Treynor Ratio | (1.40) |
Nintendo Co ADR Backtested Returns
At this stage we consider Nintendo Pink Sheet to be not too volatile. Nintendo Co ADR has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nintendo, which you can use to evaluate the volatility of the firm. Please verify Nintendo's Mean Deviation of 1.17, risk adjusted performance of 0.0893, and Downside Deviation of 1.36 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Nintendo has a performance score of 8 on a scale of 0 to 100. 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, returns on owning Nintendo are expected to decrease at a much lower rate. During the bear market, Nintendo is likely to outperform the market. Nintendo Co ADR right now secures a risk of 1.62%. Please verify Nintendo Co ADR value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if Nintendo Co ADR will be following its current price movements.
Auto-correlation | -0.66 |
Very good reverse predictability
Nintendo Co ADR has very good reverse predictability. Overlapping area represents the amount of predictability between Nintendo time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th of December 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 Nintendo Co ADR price movement. The serial correlation of -0.66 indicates that around 66.0% of current Nintendo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Nintendo Co ADR lagged returns against current returns
Autocorrelation, which is Nintendo pink sheet'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 Nintendo's pink sheet expected returns. We can calculate the autocorrelation of Nintendo returns to help us make a trade decision. For example, suppose you find that Nintendo has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nintendo 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 Nintendo pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nintendo pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nintendo pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nintendo Lagged Returns
When evaluating Nintendo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nintendo pink sheet have on its future price. Nintendo 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, Nintendo autocorrelation shows the relationship between Nintendo pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nintendo Co ADR.
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.Additional Tools for Nintendo Pink Sheet Analysis
When running Nintendo's price analysis, check to measure Nintendo'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 Nintendo is operating at the current time. Most of Nintendo's value examination focuses on studying past and present price action to predict the probability of Nintendo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nintendo's price. Additionally, you may evaluate how the addition of Nintendo to your portfolios can decrease your overall portfolio volatility.