Nuvama Wealth (India) Market Value
| NUVAMA Stock | 6,742 24.90 0.37% |
| Symbol | Nuvama |
Nuvama Wealth '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 Nuvama Wealth's 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 Nuvama Wealth.
| 11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in Nuvama Wealth on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nuvama Wealth or generate 0.0% return on investment in Nuvama Wealth over 30 days. Nuvama Wealth is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Vardhman Holdings, Summit Securities, and N B. Nuvama Wealth is entity of India. It is traded as Stock on NSE exchange. More
Nuvama Wealth 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 Nuvama Wealth's 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 Nuvama Wealth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.56 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 5.01 |
Nuvama Wealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuvama Wealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuvama Wealth's standard deviation. In reality, there are many statistical measures that can use Nuvama Wealth historical prices to predict the future Nuvama Wealth's volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | 0.0339 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2001 |
Nuvama Wealth Backtested Returns
At this point, Nuvama Wealth is very steady. Nuvama Wealth has Sharpe Ratio of 0.0357, which conveys that the firm had a 0.0357% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nuvama Wealth, which you can use to evaluate the volatility of the firm. Please verify Nuvama Wealth's Downside Deviation of 2.71, mean deviation of 2.07, and Risk Adjusted Performance of 0.0389 to check out if the risk estimate we provide is consistent with the expected return of 0.0975%. Nuvama Wealth has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nuvama Wealth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuvama Wealth is expected to be smaller as well. Nuvama Wealth right now secures a risk of 2.73%. Please verify Nuvama Wealth downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Nuvama Wealth will be following its current price movements.
Auto-correlation | -0.69 |
Very good reverse predictability
Nuvama Wealth has very good reverse predictability. Overlapping area represents the amount of predictability between Nuvama Wealth time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th of December 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 Nuvama Wealth price movement. The serial correlation of -0.69 indicates that around 69.0% of current Nuvama Wealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 6857.95 |
Nuvama Wealth lagged returns against current returns
Autocorrelation, which is Nuvama Wealth 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 Nuvama Wealth's stock expected returns. We can calculate the autocorrelation of Nuvama Wealth returns to help us make a trade decision. For example, suppose you find that Nuvama Wealth 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 |
Nuvama Wealth 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 Nuvama Wealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuvama Wealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuvama Wealth stock over time.
Current vs Lagged Prices |
| Timeline |
Nuvama Wealth Lagged Returns
When evaluating Nuvama Wealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuvama Wealth stock have on its future price. Nuvama Wealth 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, Nuvama Wealth autocorrelation shows the relationship between Nuvama Wealth stock current value and its past values and can show if there is a momentum factor associated with investing in Nuvama Wealth.
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 Nuvama Stock
Nuvama Wealth financial ratios help investors to determine whether Nuvama Stock 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 Nuvama with respect to the benefits of owning Nuvama Wealth security.