NVIDIA Corp (UK) Market Value
| 0R1I Stock | 135.97 1.47 1.09% |
| Symbol | NVIDIA |
NVIDIA Corp '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 Corp'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 Corp.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in NVIDIA Corp on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding NVIDIA Corp or generate 0.0% return on investment in NVIDIA Corp over 180 days. NVIDIA Corp is related to or competes with McEwen Mining, Wheaton Precious, Beowulf Mining, Endeavour Mining, Polar Capital, Pfeiffer Vacuum, and Spirent Communications. NVIDIA Corp is entity of United Kingdom. It is traded as Stock on LSE exchange. More
NVIDIA Corp 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 Corp'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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.77 | |||
| Information Ratio | 0.0029 | |||
| Maximum Drawdown | 11.95 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 4.7 |
NVIDIA Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NVIDIA Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NVIDIA Corp's standard deviation. In reality, there are many statistical measures that can use NVIDIA Corp historical prices to predict the future NVIDIA Corp's volatility.| Risk Adjusted Performance | 0.0443 | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0028 | |||
| Treynor Ratio | 0.1318 |
NVIDIA Corp Backtested Returns
NVIDIA Corp appears to be very steady, given 3 months investment horizon. NVIDIA Corp has Sharpe Ratio of 0.0785, which conveys that the firm had a 0.0785% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NVIDIA Corp, which you can use to evaluate the volatility of the firm. Please exercise NVIDIA Corp's risk adjusted performance of 0.0443, and Mean Deviation of 2.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NVIDIA Corp holds a performance score of 6. The company secures a Beta (Market Risk) of 0.94, which conveys possible diversification benefits within a given portfolio. NVIDIA Corp returns are very sensitive to returns on the market. As the market goes up or down, NVIDIA Corp is expected to follow. Please check NVIDIA Corp's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether NVIDIA Corp's current price movements will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
NVIDIA Corp has poor reverse predictability. Overlapping area represents the amount of predictability between NVIDIA Corp time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Corp price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current NVIDIA Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 166.18 |
NVIDIA Corp lagged returns against current returns
Autocorrelation, which is NVIDIA Corp 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 Corp's stock expected returns. We can calculate the autocorrelation of NVIDIA Corp returns to help us make a trade decision. For example, suppose you find that NVIDIA Corp 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 |
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NVIDIA Corp 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 Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NVIDIA Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NVIDIA Corp stock over time.
Current vs Lagged Prices |
| Timeline |
NVIDIA Corp Lagged Returns
When evaluating NVIDIA Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NVIDIA Corp stock have on its future price. NVIDIA Corp 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 Corp autocorrelation shows the relationship between NVIDIA Corp stock current value and its past values and can show if there is a momentum factor associated with investing in NVIDIA Corp.
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 Corp's price analysis, check to measure NVIDIA Corp'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 Corp is operating at the current time. Most of NVIDIA Corp's value examination focuses on studying past and present price action to predict the probability of NVIDIA Corp'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 Corp's price. Additionally, you may evaluate how the addition of NVIDIA Corp to your portfolios can decrease your overall portfolio volatility.