NVIDIA Backtesting

NVDA -- USA Stock  

Earnings Call  Tomorrow

With this equity back-testing module your can estimate the performance of a buy and hold strategy of NVIDIA Corporation and determine expected loss or profit from investing in NVIDIA over given investment horizon. Please see also NVIDIA Hype Analysis, NVIDIA Correlation, NVIDIA Valuation, NVIDIA Volatility as well as analyze NVIDIA Alpha and Beta and NVIDIA Performance.
Horizon     30 Days    Login   to change

NVIDIA 'What if' Analysis

August 15, 2019
No Change 0.00  0.0 
In 3 months and 1 day
November 13, 2019
If you would invest  0.00  in NVIDIA on August 15, 2019 and sell it all today you would earn a total of 0.00 from holding NVIDIA Corporation or generate 0.0% return on investment in NVIDIA over 90 days. NVIDIA is related to or competes with ASE Technology, DSP, EMCORE, FormFactor, Analog Devices, MagnaChip Semiconductor, and ON Semiconductor. NVIDIA Corporation operates as a visual computing company worldwide

NVIDIA Upside/Downside Indicators

Downside Deviation1.93
Information Ratio0.1568
Maximum Drawdown12.52
Value At Risk(3.15)
Potential Upside5.28

NVIDIA Market Premium Indicators

Risk Adjusted Performance0.1664
Jensen Alpha0.298
Total Risk Alpha0.2318
Sortino Ratio0.1989
Treynor Ratio0.2199

NVIDIA Backtested Returns

Macroaxis considers NVIDIA very steady given 3 months investment horizon. NVIDIA has Sharpe Ratio of 0.2315 which conveys that the firm had 0.2315% of return per unit of volatility over the last 3 months. Our approach towards estimating volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By inspecting NVIDIA technical indicators you can now evaluate if the expected return of 0.5592% is justified by implied risk. Please exercise NVIDIA Corporation Mean Deviation of 1.79 and Risk Adjusted Performance of 0.1664 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 NVIDIA holds performance score of 15. The company secures Beta (Market Risk) of 2.0958 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, NVIDIA will likely underperform. Although it is vital to follow to NVIDIA price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The approach towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for NVIDIA which you can use to evaluate performance of the firm. Please exercises NVIDIA Corporation Treynor Ratio, and the relationship between Variance and Potential Upside to make a quick decision on weather NVIDIA current price movements will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.67 
correlation synergy

Good predictability

NVIDIA Corporation has good predictability. Overlapping area represents the amount of predictability between NVIDIA time series from August 15, 2019 to September 29, 2019 and September 29, 2019 to November 13, 2019. 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 price movement. The serial correlation of 0.67 indicates that around 67.0% of current NVIDIA price fluctuation can be explain by its past prices.
Correlation Coefficient0.67
Spearman Rank Test0.61
Residual Average0.0
Price Variance137.89

NVIDIA lagged returns against current returns

 Current and Lagged Values 

NVIDIA regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NVIDIA Lagged Returns

 Regressed Prices 

Current Sentiment - NVDA

NVIDIA Investor Sentiment

Majority of Macroaxis users are now bullish on NVIDIA Corporation. What is your trading attitude regarding investing in NVIDIA Corporation? Are you bullish or bearish?
98% Bullish
2% Bearish

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Please see also NVIDIA Hype Analysis, NVIDIA Correlation, NVIDIA Valuation, NVIDIA Volatility as well as analyze NVIDIA Alpha and Beta and NVIDIA Performance. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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