NVIDIA PORATION Market Value
| 67066GAN4 | 80.17 2.95 3.55% |
| 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.
| 04/15/2024 |
| 05/15/2024 |
If you would invest 0.00 in NVIDIA on April 15, 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, Steel Connect, MicroAlgo, Perseus Mining, Walmart, and Sprouts Farmers. 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 | (0.19) | |||
| Maximum Drawdown | 4.99 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 0.9458 |
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 | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 27.22 |
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 0.0023, which conveys that the entity had a 0.0023% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for NVIDIA, which you can use to evaluate the volatility of the bond. Please verify NVIDIA's risk adjusted performance of (0.05), and Mean Deviation of 0.5256 to check out if the risk estimate we provide is consistent with the expected return of 0.0022%. The bond secures a Beta (Market Risk) of -0.0027, 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 | -0.17 |
Insignificant reverse predictability
NVIDIA PORATION has insignificant reverse predictability. Overlapping area represents the amount of predictability between NVIDIA time series from 15th of April 2024 to 30th of April 2024 and 30th of April 2024 to 15th of May 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 -0.17 indicates that over 17.0% of current NVIDIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
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.Check out NVIDIA Correlation, NVIDIA Volatility and NVIDIA Alpha and Beta module to complement your research on NVIDIA. For information on how to trade NVIDIA Bond refer to our How to Trade NVIDIA Bond guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
NVIDIA technical bond 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, bond market cycles, or different charting patterns.