NURAN WIRELESS (Germany) Market Value
| 1RNA Stock | EUR 0.05 0 6.08% |
| Symbol | NURAN |
NURAN WIRELESS '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 NURAN WIRELESS'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 NURAN WIRELESS.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in NURAN WIRELESS on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding NURAN WIRELESS INC or generate 0.0% return on investment in NURAN WIRELESS over 30 days. NURAN WIRELESS is related to or competes with Cisco Systems, Cisco Systems, Motorola Solutions, Nokia, ZTE, Hewlett Packard, and Telefonaktiebolaget. NuRAN Wireless Inc. engages in the research, development, manufacture, and marketing of digital electronic circuits and ... More
NURAN WIRELESS 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 NURAN WIRELESS'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 NURAN WIRELESS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 42.11 | |||
| Value At Risk | (7.17) | |||
| Potential Upside | 6.16 |
NURAN WIRELESS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NURAN WIRELESS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NURAN WIRELESS's standard deviation. In reality, there are many statistical measures that can use NURAN WIRELESS historical prices to predict the future NURAN WIRELESS's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (1.39) | |||
| Treynor Ratio | 0.5564 |
NURAN WIRELESS INC Backtested Returns
NURAN WIRELESS INC has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of standard deviation over the last 3 months. NURAN WIRELESS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NURAN WIRELESS's Mean Deviation of 3.41, market risk adjusted performance of 0.5664, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.01, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning NURAN WIRELESS are expected to decrease slowly. On the other hand, during market turmoil, NURAN WIRELESS is expected to outperform it slightly. At this point, NURAN WIRELESS INC has a negative expected return of -0.88%. Please make sure to verify NURAN WIRELESS's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if NURAN WIRELESS INC performance from the past will be repeated at some future point.
Auto-correlation | 0.12 |
Insignificant predictability
NURAN WIRELESS INC has insignificant predictability. Overlapping area represents the amount of predictability between NURAN WIRELESS 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 NURAN WIRELESS INC price movement. The serial correlation of 0.12 indicates that less than 12.0% of current NURAN WIRELESS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NURAN WIRELESS INC lagged returns against current returns
Autocorrelation, which is NURAN WIRELESS 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 NURAN WIRELESS's stock expected returns. We can calculate the autocorrelation of NURAN WIRELESS returns to help us make a trade decision. For example, suppose you find that NURAN WIRELESS 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 |
NURAN WIRELESS 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 NURAN WIRELESS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NURAN WIRELESS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NURAN WIRELESS stock over time.
Current vs Lagged Prices |
| Timeline |
NURAN WIRELESS Lagged Returns
When evaluating NURAN WIRELESS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NURAN WIRELESS stock have on its future price. NURAN WIRELESS 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, NURAN WIRELESS autocorrelation shows the relationship between NURAN WIRELESS stock current value and its past values and can show if there is a momentum factor associated with investing in NURAN WIRELESS INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NURAN Stock
NURAN WIRELESS financial ratios help investors to determine whether NURAN 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 NURAN with respect to the benefits of owning NURAN WIRELESS security.