Nuwellis Stock Market Value
| NUWE Stock | USD 1.40 0.23 19.66% |
| Symbol | Nuwellis |
Nuwellis Price To Book Ratio
Is Health Care Equipment & Supplies 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 Nuwellis. If investors know Nuwellis 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 Nuwellis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (60.77) | Revenue Per Share 48.483 | Quarterly Revenue Growth 0.057 | Return On Assets (0.79) | Return On Equity (9.87) |
The market value of Nuwellis is measured differently than its book value, which is the value of Nuwellis that is recorded on the company's balance sheet. Investors also form their own opinion of Nuwellis' value that differs from its market value or its book value, called intrinsic value, which is Nuwellis' 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 Nuwellis' market value can be influenced by many factors that don't directly affect Nuwellis' 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 Nuwellis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuwellis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuwellis' 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.
Nuwellis '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 Nuwellis' 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 Nuwellis.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nuwellis on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nuwellis or generate 0.0% return on investment in Nuwellis over 60 days. Nuwellis is related to or competes with ReShape Lifesciences, Tenon Medical, SINTX Technologies, NanoVibronix, Tivic Health, Bluejay Diagnostics, and Heart Test. Nuwellis, Inc., a medical device company, focuses on developing, manufacturing, and commercializing medical devices used... More
Nuwellis 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 Nuwellis' 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 Nuwellis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.57 | |||
| Information Ratio | 0.057 | |||
| Maximum Drawdown | 141.14 | |||
| Value At Risk | (20.93) | |||
| Potential Upside | 25.66 |
Nuwellis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuwellis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuwellis' standard deviation. In reality, there are many statistical measures that can use Nuwellis historical prices to predict the future Nuwellis' volatility.| Risk Adjusted Performance | 0.0586 | |||
| Jensen Alpha | 1.4 | |||
| Total Risk Alpha | (1.65) | |||
| Sortino Ratio | 0.0818 | |||
| Treynor Ratio | (0.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nuwellis' 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.
Nuwellis Backtested Returns
Nuwellis is abnormally volatile given 3 months investment horizon. Nuwellis has Sharpe Ratio of 0.0639, which conveys that the firm had a 0.0639% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Nuwellis Mean Deviation of 10.28, risk adjusted performance of 0.0586, and Downside Deviation of 12.57 to evaluate company specific risk that cannot be diversified away. Nuwellis holds a performance score of 5 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -2.12, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nuwellis are expected to decrease by larger amounts. On the other hand, during market turmoil, Nuwellis is expected to outperform it. Use Nuwellis downside variance, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on Nuwellis.
Auto-correlation | -0.58 |
Good reverse predictability
Nuwellis has good reverse predictability. Overlapping area represents the amount of predictability between Nuwellis time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Nuwellis price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Nuwellis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Nuwellis lagged returns against current returns
Autocorrelation, which is Nuwellis 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 Nuwellis' stock expected returns. We can calculate the autocorrelation of Nuwellis returns to help us make a trade decision. For example, suppose you find that Nuwellis 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 |
Nuwellis 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 Nuwellis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuwellis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuwellis stock over time.
Current vs Lagged Prices |
| Timeline |
Nuwellis Lagged Returns
When evaluating Nuwellis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuwellis stock have on its future price. Nuwellis 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, Nuwellis autocorrelation shows the relationship between Nuwellis stock current value and its past values and can show if there is a momentum factor associated with investing in Nuwellis.
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.When determining whether Nuwellis is a strong investment it is important to analyze Nuwellis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nuwellis' future performance. For an informed investment choice regarding Nuwellis Stock, refer to the following important reports:Check out Nuwellis Correlation, Nuwellis Volatility and Nuwellis Alpha and Beta module to complement your research on Nuwellis. For information on how to trade Nuwellis Stock refer to our How to Trade Nuwellis Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Nuwellis 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.