Nvent Electric Plc Stock Market Value
| NVT Stock | USD 82.14 1.06 1.27% |
| Symbol | NVent |
Is NVent Electric's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NVent Electric. If investors know NVent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NVent Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of nVent Electric PLC is measured differently than its book value, which is the value of NVent that is recorded on the company's balance sheet. Investors also form their own opinion of NVent Electric's value that differs from its market value or its book value, called intrinsic value, which is NVent Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NVent Electric's market value can be influenced by many factors that don't directly affect NVent Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NVent Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if NVent Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NVent Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NVent Electric '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 NVent Electric'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 NVent Electric.
| 02/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in NVent Electric on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding nVent Electric PLC or generate 0.0% return on investment in NVent Electric over 90 days. NVent Electric is related to or competes with Hubbell, Advanced Energy, Vertiv Holdings, Energizer Holdings, Enersys, Acuity Brands, and Encore Wire. nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products ... More
NVent Electric 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 NVent Electric'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 nVent Electric PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.1609 | |||
| Maximum Drawdown | 9.95 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.99 |
NVent Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NVent Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NVent Electric's standard deviation. In reality, there are many statistical measures that can use NVent Electric historical prices to predict the future NVent Electric's volatility.| Risk Adjusted Performance | 0.1251 | |||
| Jensen Alpha | 0.3446 | |||
| Total Risk Alpha | 0.142 | |||
| Sortino Ratio | 0.162 | |||
| Treynor Ratio | 9.0 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NVent Electric's 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.
nVent Electric PLC Backtested Returns
NVent Electric appears to be very steady, given 3 months investment horizon. nVent Electric PLC has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for NVent Electric, which you can use to evaluate the volatility of the firm. Please exercise NVent Electric's Market Risk Adjusted Performance of 9.01, downside deviation of 1.72, and Risk Adjusted Performance of 0.1251 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NVent Electric holds a performance score of 16. The company secures a Beta (Market Risk) of 0.0386, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NVent Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding NVent Electric is expected to be smaller as well. Please check NVent Electric's semi variance, and the relationship between the sortino ratio and rate of daily change , to make a quick decision on whether NVent Electric's current price movements will revert.
Auto-correlation | 0.74 |
Good predictability
nVent Electric PLC has good predictability. Overlapping area represents the amount of predictability between NVent Electric time series from 23rd of February 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of May 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 nVent Electric PLC price movement. The serial correlation of 0.74 indicates that around 74.0% of current NVent Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 14.87 |
nVent Electric PLC lagged returns against current returns
Autocorrelation, which is NVent Electric 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 NVent Electric's stock expected returns. We can calculate the autocorrelation of NVent Electric returns to help us make a trade decision. For example, suppose you find that NVent Electric 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 |
NVent Electric 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 NVent Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NVent Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NVent Electric stock over time.
Current vs Lagged Prices |
| Timeline |
NVent Electric Lagged Returns
When evaluating NVent Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NVent Electric stock have on its future price. NVent Electric 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, NVent Electric autocorrelation shows the relationship between NVent Electric stock current value and its past values and can show if there is a momentum factor associated with investing in nVent Electric PLC.
Regressed Prices |
| Timeline |
When determining whether nVent Electric PLC is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NVent Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nvent Electric Plc Stock. Highlighted below are key reports to facilitate an investment decision about Nvent Electric Plc Stock:
Check out NVent Electric Correlation, NVent Electric Volatility and NVent Electric Alpha and Beta module to complement your research on NVent Electric. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for NVent Stock analysis
When running NVent Electric's price analysis, check to measure NVent Electric's 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 NVent Electric is operating at the current time. Most of NVent Electric's value examination focuses on studying past and present price action to predict the probability of NVent Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NVent Electric's price. Additionally, you may evaluate how the addition of NVent Electric to your portfolios can decrease your overall portfolio volatility.
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NVent Electric 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.