NVIDIA (Germany) Market Value
| NVD Stock | EUR 130.00 2.88 2.27% |
| 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 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 NVIDIA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in NVIDIA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding NVIDIA or generate 0.0% return on investment in NVIDIA over 30 days. NVIDIA is related to or competes with Microsoft, Amazon, Advanced Micro, Apple, and Tesla. NVIDIA Corporation operates as a visual computing company worldwide 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 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 NVIDIA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.0793 | |||
| Maximum Drawdown | 13.26 | |||
| Value At Risk | (4.33) | |||
| Potential Upside | 4.31 |
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 | 0.1025 | |||
| Jensen Alpha | 0.3563 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0737 | |||
| Treynor Ratio | (1.93) |
NVIDIA Backtested Returns
NVIDIA appears to be very steady, given 3 months investment horizon. NVIDIA has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for NVIDIA, which you can use to evaluate the volatility of the firm. Please exercise NVIDIA's risk adjusted performance of 0.1025, and Mean Deviation of 2.09 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NVIDIA holds a performance score of 9. The company secures a Beta (Market Risk) of -0.17, 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. Please check NVIDIA's treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to make a quick decision on whether NVIDIA's current price movements will revert.
Auto-correlation | -0.51 |
Good reverse predictability
NVIDIA has good reverse predictability. Overlapping area represents the amount of predictability between NVIDIA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 price movement. The serial correlation of -0.51 indicates that about 51.0% of current NVIDIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 18.34 |
NVIDIA lagged returns against current returns
Autocorrelation, which is NVIDIA 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 NVIDIA's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NVIDIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NVIDIA stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in NVIDIA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in NVIDIA Stock
When determining whether NVIDIA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NVIDIA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nvidia Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nvidia Stock:Check out NVIDIA Correlation, NVIDIA Volatility and NVIDIA Alpha and Beta module to complement your research on NVIDIA. For more detail on how to invest in NVIDIA Stock please use our How to Invest in NVIDIA guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
NVIDIA technical stock 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, stock market cycles, or different charting patterns.