Nmi Holdings Stock Market Value
| NMIH Stock | USD 39.99 0.04 0.1% |
| Symbol | NMI |
NMI Holdings Price To Book Ratio
Is Commercial & Residential Mortgage Finance 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 NMI Holdings. If investors know NMI 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 NMI Holdings 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 | Earnings Share 4.37 | Revenue Per Share 7.914 | Quarterly Revenue Growth 0.121 | Return On Assets 0.1019 |
The market value of NMI Holdings is measured differently than its book value, which is the value of NMI that is recorded on the company's balance sheet. Investors also form their own opinion of NMI Holdings' value that differs from its market value or its book value, called intrinsic value, which is NMI Holdings' 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 NMI Holdings' market value can be influenced by many factors that don't directly affect NMI Holdings' 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 NMI Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if NMI Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NMI Holdings' 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.
NMI Holdings '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 NMI Holdings' 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 NMI Holdings.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in NMI Holdings on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding NMI Holdings or generate 0.0% return on investment in NMI Holdings over 180 days. NMI Holdings is related to or competes with MBIA, Essent, Assured Guaranty, Employers Holdings, James River, ICC Holdings, and Radian. NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States More
NMI Holdings 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 NMI Holdings' 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 NMI Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.75 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.37 |
NMI Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NMI Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NMI Holdings' standard deviation. In reality, there are many statistical measures that can use NMI Holdings historical prices to predict the future NMI Holdings' volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.01) |
NMI Holdings Backtested Returns
NMI Holdings has Sharpe Ratio of -0.0145, which conveys that the firm had a -0.0145% return per unit of volatility over the last 3 months. NMI Holdings exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NMI Holdings' risk adjusted performance of 0.0054, and Mean Deviation of 1.09 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NMI Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding NMI Holdings is expected to be smaller as well. At this point, NMI Holdings has a negative expected return of -0.0233%. Please make sure to verify NMI Holdings' 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 decide if NMI Holdings performance from the past will be repeated at future time.
Auto-correlation | -0.56 |
Good reverse predictability
NMI Holdings has good reverse predictability. Overlapping area represents the amount of predictability between NMI Holdings time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 NMI Holdings price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current NMI Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
NMI Holdings lagged returns against current returns
Autocorrelation, which is NMI Holdings 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 NMI Holdings' stock expected returns. We can calculate the autocorrelation of NMI Holdings returns to help us make a trade decision. For example, suppose you find that NMI Holdings 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 |
NMI Holdings 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 NMI Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NMI Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NMI Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
NMI Holdings Lagged Returns
When evaluating NMI Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NMI Holdings stock have on its future price. NMI Holdings 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, NMI Holdings autocorrelation shows the relationship between NMI Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in NMI Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether NMI Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NMI Holdings' 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 Nmi Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nmi Holdings Stock:Check out NMI Holdings Correlation, NMI Holdings Volatility and NMI Holdings Alpha and Beta module to complement your research on NMI Holdings. For more detail on how to invest in NMI Stock please use our How to Invest in NMI Holdings guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
NMI Holdings 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.