Numinus Wellness Stock Market Value
| NUMIF Stock | USD 0.02 0 5.77% |
| Symbol | Numinus |
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' otc 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.
| 02/06/2023 |
| 12/27/2024 |
If you would invest 0.00 in Numinus Wellness on February 6, 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 690 days. Numinus Wellness is related to or competes with Medical Facilities. Numinus Wellness Inc. provides solutions to develop and deliver psychedelic-assisted psychotherapy and transform the men... 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' otc 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 | 11.93 | |||
| Information Ratio | 0.0576 | |||
| Maximum Drawdown | 87.67 | |||
| Value At Risk | (15.79) | |||
| Potential Upside | 20.0 |
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 | 0.0585 | |||
| Jensen Alpha | 0.7428 | |||
| Total Risk Alpha | 0.0822 | |||
| Sortino Ratio | 0.0607 | |||
| Treynor Ratio | 1.35 |
Numinus Wellness Backtested Returns
Numinus Wellness appears to be out of control, given 3 months investment horizon. Numinus Wellness has Sharpe Ratio of 0.063, which conveys that the firm had a 0.063% return per unit of risk over the last 3 months. By analyzing Numinus Wellness' technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please exercise Numinus Wellness' Mean Deviation of 8.03, downside deviation of 11.93, and Risk Adjusted Performance of 0.0585 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Numinus Wellness holds a performance score of 4. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Numinus Wellness' returns are expected to increase less than the market. However, during the bear market, the loss of holding Numinus Wellness is expected to be smaller as well. Please check Numinus Wellness' treynor ratio and the relationship between the downside variance and day typical price , to make a quick decision on whether Numinus Wellness' current price movements will revert.
Auto-correlation | 0.44 |
Average predictability
Numinus Wellness has average predictability. Overlapping area represents the amount of predictability between Numinus Wellness time series from 6th of February 2023 to 17th of January 2024 and 17th of January 2024 to 27th 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 Numinus Wellness price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Numinus Wellness price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Numinus Wellness lagged returns against current returns
Autocorrelation, which is Numinus Wellness otc 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' otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Numinus Wellness otc 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 otc stock over time.
Current vs Lagged Prices |
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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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Numinus OTC Stock
Numinus Wellness financial ratios help investors to determine whether Numinus OTC 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.