Nuvista Energy Stock Market Value
| NUVSF Stock | USD 9.77 0.15 1.51% |
| Symbol | NuVista |
NuVista Energy '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 NuVista Energy'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 NuVista Energy.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in NuVista Energy on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding NuVista Energy or generate 0.0% return on investment in NuVista Energy over 90 days. NuVista Energy is related to or competes with Yamaha, Nitto Denko, Farmers Merchants, and Furukawa Electric. NuVista Energy Ltd., an oil and natural gas company, engages in the exploration, development, and production of oil and ... More
NuVista Energy 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 NuVista Energy'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 NuVista Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.49 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 4.52 |
NuVista Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NuVista Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NuVista Energy's standard deviation. In reality, there are many statistical measures that can use NuVista Energy historical prices to predict the future NuVista Energy's volatility.| Risk Adjusted Performance | 0.0219 | |||
| Jensen Alpha | 0.0178 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2437 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NuVista Energy'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.
NuVista Energy Backtested Returns
At this point, NuVista Energy is somewhat reliable. NuVista Energy has Sharpe Ratio of 0.0291, which conveys that the firm had a 0.0291% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for NuVista Energy, which you can use to evaluate the volatility of the firm. Please verify NuVista Energy's Market Risk Adjusted Performance of 0.2537, risk adjusted performance of 0.0219, and Mean Deviation of 1.64 to check out if the risk estimate we provide is consistent with the expected return of 0.0667%. NuVista Energy has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NuVista Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding NuVista Energy is expected to be smaller as well. NuVista Energy right now secures a risk of 2.29%. Please verify NuVista Energy downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if NuVista Energy will be following its current price movements.
Auto-correlation | -0.6 |
Good reverse predictability
NuVista Energy has good reverse predictability. Overlapping area represents the amount of predictability between NuVista Energy time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 NuVista Energy price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current NuVista Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
NuVista Energy lagged returns against current returns
Autocorrelation, which is NuVista Energy 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 NuVista Energy's pink sheet expected returns. We can calculate the autocorrelation of NuVista Energy returns to help us make a trade decision. For example, suppose you find that NuVista Energy 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 |
NuVista Energy 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 NuVista Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NuVista Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NuVista Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NuVista Energy Lagged Returns
When evaluating NuVista Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NuVista Energy pink sheet have on its future price. NuVista Energy 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, NuVista Energy autocorrelation shows the relationship between NuVista Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NuVista Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NuVista Pink Sheet
NuVista Energy financial ratios help investors to determine whether NuVista Pink Sheet 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 NuVista with respect to the benefits of owning NuVista Energy security.