Nvidia Cdr Stock Market Value
| NVDA Stock | 32.40 0.40 1.25% |
| Symbol | NVIDIA |
NVIDIA CDR '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 CDR'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 CDR.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in NVIDIA CDR on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding NVIDIA CDR or generate 0.0% return on investment in NVIDIA CDR over 30 days. NVIDIA CDR is related to or competes with WELL Health, Queens Road, Major Drilling, Brookfield Office, Cogeco Communications, Reliq Health, and Computer Modelling. NVIDIA CDR is entity of Canada. It is traded as Stock on NEO exchange. More
NVIDIA CDR 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 CDR'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 CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0146 | |||
| Maximum Drawdown | 13.07 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 4.1 |
NVIDIA CDR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NVIDIA CDR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NVIDIA CDR's standard deviation. In reality, there are many statistical measures that can use NVIDIA CDR historical prices to predict the future NVIDIA CDR's volatility.| Risk Adjusted Performance | 0.0557 | |||
| Jensen Alpha | 0.0695 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0134 | |||
| Treynor Ratio | 0.217 |
NVIDIA CDR Backtested Returns
NVIDIA CDR appears to be very steady, given 3 months investment horizon. NVIDIA CDR has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of volatility over the last 3 months. We have found thirty technical indicators for NVIDIA CDR, which you can use to evaluate the volatility of the firm. Please exercise NVIDIA CDR's risk adjusted performance of 0.0557, and Mean Deviation of 2.08 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NVIDIA CDR holds a performance score of 13. The company secures a Beta (Market Risk) of 0.78, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NVIDIA CDR's returns are expected to increase less than the market. However, during the bear market, the loss of holding NVIDIA CDR is expected to be smaller as well. Please check NVIDIA CDR's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether NVIDIA CDR's current price movements will revert.
Auto-correlation | -0.53 |
Good reverse predictability
NVIDIA CDR has good reverse predictability. Overlapping area represents the amount of predictability between NVIDIA CDR time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 NVIDIA CDR price movement. The serial correlation of -0.53 indicates that about 53.0% of current NVIDIA CDR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
NVIDIA CDR lagged returns against current returns
Autocorrelation, which is NVIDIA CDR 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 CDR's stock expected returns. We can calculate the autocorrelation of NVIDIA CDR returns to help us make a trade decision. For example, suppose you find that NVIDIA CDR 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 CDR 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 CDR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NVIDIA CDR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NVIDIA CDR stock over time.
Current vs Lagged Prices |
| Timeline |
NVIDIA CDR Lagged Returns
When evaluating NVIDIA CDR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NVIDIA CDR stock have on its future price. NVIDIA CDR 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 CDR autocorrelation shows the relationship between NVIDIA CDR stock current value and its past values and can show if there is a momentum factor associated with investing in NVIDIA CDR.
Regressed Prices |
| Timeline |
Pair Trading with NVIDIA CDR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NVIDIA CDR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NVIDIA CDR will appreciate offsetting losses from the drop in the long position's value.Moving together with NVIDIA Stock
Moving against NVIDIA Stock
The ability to find closely correlated positions to NVIDIA CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NVIDIA CDR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NVIDIA CDR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NVIDIA CDR to buy it.
The correlation of NVIDIA CDR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NVIDIA CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NVIDIA CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NVIDIA CDR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in NVIDIA Stock
NVIDIA CDR financial ratios help investors to determine whether NVIDIA 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 NVIDIA with respect to the benefits of owning NVIDIA CDR security.