Novocure Value At Risk
| NVCR Stock | | | USD 11.81 -0.34 -2.80% |
The Value At Risk calculation for Novocure draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. Novocure has a market cap of 1.38 B, operating margin of -21.33%, ROE of -38.89%. Use
Correlation Analysis to explore allocation context. The allocation summary reflects available position data. Composition figures are derived from reported holdings. A position in Novocure is indicated here. It is reflected in the overall portfolio structure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in median.
For more information on how to buy Novocure Stock please use our
How to Buy Novocure Stock guide.
Novocure has current Value At Risk of
-8.27. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -8.27 | |
| ER[a] | = | Expected return on investing in Novocure |
| STD | = | Standard Deviation of Novocure |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Novocure is rated
below average for value at risk against industry peers. It is currently under evaluation for maximum drawdown against industry peers .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
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