Numinus Wellness Stock Market Value
| NUMIF Stock | USD 0.06 0 1.64% |
| Symbol | Numinus |
Numinus Wellness '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 Numinus Wellness' otc 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 Numinus Wellness.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Numinus Wellness on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Numinus Wellness or generate 0.0% return on investment in Numinus Wellness over 30 days. Numinus Wellness is related to or competes with Pennant, Encompass Health, Enhabit, Concord Medical, National HealthCare, Ensign, and InnovAge Holding. Numinus Wellness Inc. provides solutions to develop and deliver psychedelic-assisted psychotherapy and transform the men... More
Numinus Wellness 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 Numinus Wellness' otc 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 Numinus Wellness upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 39.37 | |||
| Value At Risk | (8.99) | |||
| Potential Upside | 8.57 |
Numinus Wellness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Numinus Wellness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Numinus Wellness' standard deviation. In reality, there are many statistical measures that can use Numinus Wellness historical prices to predict the future Numinus Wellness' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (1.60) | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Numinus Wellness' 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.
Numinus Wellness Backtested Returns
Numinus Wellness has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Numinus Wellness exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Numinus Wellness' Standard Deviation of 6.51, mean deviation of 4.14, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.21, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Numinus Wellness will likely underperform. Numinus Wellness has an expected return of -0.73%. Please make sure to verify Numinus Wellness potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Numinus Wellness performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Numinus Wellness has good reverse predictability. Overlapping area represents the amount of predictability between Numinus Wellness time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Numinus Wellness price movement. The serial correlation of -0.55 indicates that about 55.0% of current Numinus Wellness price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Numinus Wellness lagged returns against current returns
Autocorrelation, which is Numinus Wellness otc 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 Numinus Wellness' otc stock expected returns. We can calculate the autocorrelation of Numinus Wellness returns to help us make a trade decision. For example, suppose you find that Numinus Wellness has exhibited high autocorrelation historically, and you observe that the otc 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 |
Numinus Wellness 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 Numinus Wellness otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Numinus Wellness otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Numinus Wellness otc stock over time.
Current vs Lagged Prices |
| Timeline |
Numinus Wellness Lagged Returns
When evaluating Numinus Wellness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Numinus Wellness otc stock have on its future price. Numinus Wellness 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, Numinus Wellness autocorrelation shows the relationship between Numinus Wellness otc stock current value and its past values and can show if there is a momentum factor associated with investing in Numinus Wellness.
Regressed Prices |
| Timeline |
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Complementary Tools for Numinus OTC Stock analysis
When running Numinus Wellness' price analysis, check to measure Numinus Wellness' 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 Numinus Wellness is operating at the current time. Most of Numinus Wellness' value examination focuses on studying past and present price action to predict the probability of Numinus Wellness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Numinus Wellness' price. Additionally, you may evaluate how the addition of Numinus Wellness to your portfolios can decrease your overall portfolio volatility.
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