NVIDIA PORATION Market Value
| 67066GAN4 | 83.50 0.34 0.41% |
| 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 bond 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.
| 05/12/2024 |
| 06/11/2024 |
If you would invest 0.00 in NVIDIA on May 12, 2024 and sell it all today you would earn a total of 0.00 from holding NVIDIA PORATION or generate 0.0% return on investment in NVIDIA over 30 days. NVIDIA is related to or competes with 00108WAF7, 90331HPL1, Faraday Future, Alphabet, Novavax, China Liberal, and Novo Integrated. 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 bond 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 PORATION upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.13 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 0.9409 |
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 | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.2679 |
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 PORATION Backtested Returns
We consider NVIDIA very steady. NVIDIA PORATION has Sharpe Ratio of 8.0E-4, which conveys that the entity had a 8.0E-4% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for NVIDIA, which you can use to evaluate the volatility of the bond. Please verify NVIDIA's mean deviation of 0.7533, and Risk Adjusted Performance of (0.02) to check out if the risk estimate we provide is consistent with the expected return of 5.0E-4%. The bond secures a Beta (Market Risk) of -0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NVIDIA are expected to decrease at a much lower rate. During the bear market, NVIDIA is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
NVIDIA PORATION has weak reverse predictability. Overlapping area represents the amount of predictability between NVIDIA time series from 12th of May 2024 to 27th of May 2024 and 27th of May 2024 to 11th of June 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 PORATION price movement. The serial correlation of -0.22 indicates that over 22.0% of current NVIDIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
NVIDIA PORATION lagged returns against current returns
Autocorrelation, which is NVIDIA bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NVIDIA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NVIDIA bond 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 bond 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 bond current value and its past values and can show if there is a momentum factor associated with investing in NVIDIA PORATION.
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.Other Information on Investing in NVIDIA Bond
NVIDIA financial ratios help investors to determine whether NVIDIA Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NVIDIA with respect to the benefits of owning NVIDIA security.