Nve Corporation Stock Market Value
| NVEC Stock | USD 80.97 2.55 3.25% |
| Symbol | NVE |
NVE Corporation Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 NVE. If investors know NVE 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 NVE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Dividend Share 4 | Earnings Share 3.33 | Revenue Per Share 5.665 | Quarterly Revenue Growth (0.05) |
The market value of NVE Corporation is measured differently than its book value, which is the value of NVE that is recorded on the company's balance sheet. Investors also form their own opinion of NVE's value that differs from its market value or its book value, called intrinsic value, which is NVE's 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 NVE's market value can be influenced by many factors that don't directly affect NVE's 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 NVE's value and its price as these two are different measures arrived at by different means. Investors typically determine if NVE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NVE's 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.
NVE '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 NVE'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 NVE.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in NVE on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding NVE Corporation or generate 0.0% return on investment in NVE over 720 days. NVE is related to or competes with Silicon Laboratories, Power Integrations, Diodes Incorporated, MaxLinear, Amkor Technology, QuickLogic, and MACOM Technology. NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquir... More
NVE 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 NVE'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 NVE Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.86 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 2.82 |
NVE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NVE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NVE's standard deviation. In reality, there are many statistical measures that can use NVE historical prices to predict the future NVE's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NVE'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.
NVE Corporation Backtested Returns
NVE Corporation has Sharpe Ratio of -0.0036, which conveys that the firm had a -0.0036% return per unit of risk over the last 3 months. NVE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NVE's mean deviation of 1.53, and Risk Adjusted Performance of (0) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.28, 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, NVE will likely underperform. At this point, NVE Corporation has a negative expected return of -0.0079%. Please make sure to verify NVE's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if NVE Corporation performance from the past will be repeated at future time.
Auto-correlation | 0.03 |
Virtually no predictability
NVE Corporation has virtually no predictability. Overlapping area represents the amount of predictability between NVE time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 NVE Corporation price movement. The serial correlation of 0.03 indicates that only 3.0% of current NVE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 16.43 |
NVE Corporation lagged returns against current returns
Autocorrelation, which is NVE 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 NVE's stock expected returns. We can calculate the autocorrelation of NVE returns to help us make a trade decision. For example, suppose you find that NVE 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 |
NVE 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 NVE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NVE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NVE stock over time.
Current vs Lagged Prices |
| Timeline |
NVE Lagged Returns
When evaluating NVE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NVE stock have on its future price. NVE 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, NVE autocorrelation shows the relationship between NVE stock current value and its past values and can show if there is a momentum factor associated with investing in NVE Corporation.
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 NVE Corporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NVE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nve Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nve Corporation Stock:Check out NVE Correlation, NVE Volatility and NVE Alpha and Beta module to complement your research on NVE. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
NVE 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.