Numinus Wellness Stock Market Value
| NUMI Stock | 0.04 0.01 10.00% |
| Symbol | Numinus |
Numinus Wellness Price To Book Ratio
Numinus Wellness '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 Numinus Wellness' 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 Numinus Wellness.
| 02/03/2023 |
| 01/23/2025 |
If you would invest 0.00 in Numinus Wellness on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding Numinus Wellness or generate 0.0% return on investment in Numinus Wellness over 720 days. Numinus Wellness is entity of Canada. It is traded as Stock on TO exchange. More
Numinus Wellness 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 Numinus Wellness' 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 Numinus Wellness upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.77 | |||
| Information Ratio | 0.1208 | |||
| Maximum Drawdown | 93.51 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 27.27 |
Numinus Wellness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Numinus Wellness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Numinus Wellness' standard deviation. In reality, there are many statistical measures that can use Numinus Wellness historical prices to predict the future Numinus Wellness' volatility.| Risk Adjusted Performance | 0.1133 | |||
| Jensen Alpha | 1.73 | |||
| Total Risk Alpha | 1.41 | |||
| Sortino Ratio | 0.1036 | |||
| Treynor Ratio | 0.3588 |
Numinus Wellness Backtested Returns
Numinus Wellness is out of control given 3 months investment horizon. Numinus Wellness 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. We were able to break down and interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.03% are justified by taking the suggested risk. Use Numinus Wellness Mean Deviation of 10.49, downside deviation of 17.77, and Risk Adjusted Performance of 0.1133 to evaluate company specific risk that cannot be diversified away. Numinus Wellness holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 5.2, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Numinus Wellness will likely underperform. Use Numinus Wellness jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on Numinus Wellness.
Auto-correlation | 0.39 |
Below average predictability
Numinus Wellness has below average predictability. Overlapping area represents the amount of predictability between Numinus Wellness time series from 3rd of February 2023 to 29th of January 2024 and 29th of January 2024 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Numinus Wellness price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Numinus Wellness price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Numinus Wellness lagged returns against current returns
Autocorrelation, which is Numinus Wellness 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 Numinus Wellness' stock expected returns. We can calculate the autocorrelation of Numinus Wellness returns to help us make a trade decision. For example, suppose you find that Numinus Wellness 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 |
Numinus Wellness 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 Numinus Wellness stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Numinus Wellness stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Numinus Wellness stock over time.
Current vs Lagged Prices |
| Timeline |
Numinus Wellness Lagged Returns
When evaluating Numinus Wellness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Numinus Wellness stock have on its future price. Numinus Wellness 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, Numinus Wellness autocorrelation shows the relationship between Numinus Wellness stock current value and its past values and can show if there is a momentum factor associated with investing in Numinus Wellness.
Regressed Prices |
| Timeline |
Other Information on Investing in Numinus Stock
Numinus Wellness financial ratios help investors to determine whether Numinus Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Numinus with respect to the benefits of owning Numinus Wellness security.