NVIDIA (Germany) Market Value
| NVD Stock | 136.62 1.86 1.34% |
| Symbol | NVIDIA |
NVIDIA '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 NVIDIA's 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 NVIDIA.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in NVIDIA on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding NVIDIA or generate 0.0% return on investment in NVIDIA over 180 days. NVIDIA is related to or competes with DFS Furniture, Addus HomeCare, GRUPO CARSO-A1, Hisense Home, Carsales, Aedas Homes, and American Homes. More
NVIDIA 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 NVIDIA's 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 NVIDIA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.0793 | |||
| Maximum Drawdown | 12.54 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 4.57 |
NVIDIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NVIDIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NVIDIA's standard deviation. In reality, there are many statistical measures that can use NVIDIA historical prices to predict the future NVIDIA's volatility.| Risk Adjusted Performance | 0.0991 | |||
| Jensen Alpha | 0.2031 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0772 | |||
| Treynor Ratio | 0.289 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NVIDIA'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.
NVIDIA Backtested Returns
NVIDIA appears to be very steady, given 3 months investment horizon. NVIDIA has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NVIDIA, which you can use to evaluate the volatility of the firm. Please exercise NVIDIA's risk adjusted performance of 0.0991, and Mean Deviation of 2.08 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NVIDIA holds a performance score of 9. The company secures a Beta (Market Risk) of 1.07, which conveys a somewhat significant risk relative to the market. NVIDIA returns are very sensitive to returns on the market. As the market goes up or down, NVIDIA is expected to follow. Please check NVIDIA's total risk alpha, expected short fall, price action indicator, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether NVIDIA's current price movements will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
NVIDIA has poor reverse predictability. Overlapping area represents the amount of predictability between NVIDIA time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 NVIDIA price movement. The serial correlation of -0.38 indicates that just about 38.0% of current NVIDIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 187.97 |
NVIDIA lagged returns against current returns
Autocorrelation, which is NVIDIA 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 NVIDIA's stock expected returns. We can calculate the autocorrelation of NVIDIA returns to help us make a trade decision. For example, suppose you find that NVIDIA 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 |
NVIDIA 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 NVIDIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NVIDIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NVIDIA stock over time.
Current vs Lagged Prices |
| Timeline |
NVIDIA Lagged Returns
When evaluating NVIDIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NVIDIA stock have on its future price. NVIDIA 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, NVIDIA autocorrelation shows the relationship between NVIDIA stock current value and its past values and can show if there is a momentum factor associated with investing in NVIDIA.
Regressed Prices |
| Timeline |
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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 NVIDIA Stock Analysis
When running NVIDIA's price analysis, check to measure NVIDIA'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 NVIDIA is operating at the current time. Most of NVIDIA's value examination focuses on studying past and present price action to predict the probability of NVIDIA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NVIDIA's price. Additionally, you may evaluate how the addition of NVIDIA to your portfolios can decrease your overall portfolio volatility.