Nuscale Power Corp Stock Market Value
| SMR Stock | USD 27.67 1.93 7.50% |
| Symbol | Nuscale |
Nuscale Power Corp Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Nuscale Power. If investors know Nuscale 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 Nuscale Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.95) | Revenue Per Share 0.087 | Quarterly Revenue Growth (0.93) | Return On Assets (0.44) | Return On Equity (1.66) |
The market value of Nuscale Power Corp is measured differently than its book value, which is the value of Nuscale that is recorded on the company's balance sheet. Investors also form their own opinion of Nuscale Power's value that differs from its market value or its book value, called intrinsic value, which is Nuscale Power'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 Nuscale Power's market value can be influenced by many factors that don't directly affect Nuscale Power'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 Nuscale Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuscale Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuscale Power'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.
Nuscale Power '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 Nuscale Power'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 Nuscale Power.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nuscale Power on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nuscale Power Corp or generate 0.0% return on investment in Nuscale Power over 180 days. Nuscale Power is related to or competes with Cummins, Chart Industries, GE Aerospace, Nel ASA, Parker Hannifin, Eaton PLC, and Dover. NuScale Power Corporation develops and sells modular light water reactor nuclear power plants to supply energy for elect... More
Nuscale Power 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 Nuscale Power'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 Nuscale Power Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.2 | |||
| Information Ratio | 0.2234 | |||
| Maximum Drawdown | 48.0 | |||
| Value At Risk | (7.78) | |||
| Potential Upside | 13.76 |
Nuscale Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuscale Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuscale Power's standard deviation. In reality, there are many statistical measures that can use Nuscale Power historical prices to predict the future Nuscale Power's volatility.| Risk Adjusted Performance | 0.1862 | |||
| Jensen Alpha | 1.49 | |||
| Total Risk Alpha | 0.982 | |||
| Sortino Ratio | 0.3498 | |||
| Treynor Ratio | 0.3937 |
Nuscale Power Corp Backtested Returns
Nuscale Power is moderately volatile given 3 months investment horizon. Nuscale Power Corp has Sharpe Ratio of 0.28, which conveys that the firm had a 0.28% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.25% are justified by taking the suggested risk. Use Nuscale Power Corp Downside Deviation of 5.2, risk adjusted performance of 0.1862, and Mean Deviation of 5.93 to evaluate company specific risk that cannot be diversified away. Nuscale Power holds a performance score of 21 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 4.84, 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, Nuscale Power will likely underperform. Use Nuscale Power Corp sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to analyze future returns on Nuscale Power Corp.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Nuscale Power Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nuscale Power time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 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 Nuscale Power Corp price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Nuscale Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 37.27 |
Nuscale Power Corp lagged returns against current returns
Autocorrelation, which is Nuscale Power 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 Nuscale Power's stock expected returns. We can calculate the autocorrelation of Nuscale Power returns to help us make a trade decision. For example, suppose you find that Nuscale Power 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 |
Nuscale Power 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 Nuscale Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuscale Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuscale Power stock over time.
Current vs Lagged Prices |
| Timeline |
Nuscale Power Lagged Returns
When evaluating Nuscale Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuscale Power stock have on its future price. Nuscale Power 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, Nuscale Power autocorrelation shows the relationship between Nuscale Power stock current value and its past values and can show if there is a momentum factor associated with investing in Nuscale Power Corp.
Regressed Prices |
| Timeline |
Pair Trading with Nuscale Power
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nuscale Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nuscale Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Nuscale Stock
| 0.83 | B | Barnes Group | PairCorr |
| 0.69 | BW | Babcock Wilcox Enter | PairCorr |
| 0.81 | CR | Crane Company | PairCorr |
| 0.78 | IR | Ingersoll Rand Sell-off Trend | PairCorr |
Moving against Nuscale Stock
| 0.78 | CVV | CVD Equipment | PairCorr |
| 0.75 | RR | Richtech Robotics Class | PairCorr |
| 0.66 | AOS | Smith AO | PairCorr |
| 0.52 | CYD | China Yuchai Interna | PairCorr |
| 0.33 | CXT | Crane NXT | PairCorr |
The ability to find closely correlated positions to Nuscale Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nuscale Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nuscale Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nuscale Power Corp to buy it.
The correlation of Nuscale Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuscale Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuscale Power Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nuscale Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Nuscale Stock Analysis
When running Nuscale Power's price analysis, check to measure Nuscale Power'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 Nuscale Power is operating at the current time. Most of Nuscale Power's value examination focuses on studying past and present price action to predict the probability of Nuscale Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nuscale Power's price. Additionally, you may evaluate how the addition of Nuscale Power to your portfolios can decrease your overall portfolio volatility.