NARI Technology (China) Market Value
| 600406 Stock | 25.07 0.74 2.87% |
| Symbol | NARI |
NARI Technology '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 NARI Technology'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 NARI Technology.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in NARI Technology on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding NARI Technology Co or generate 0.0% return on investment in NARI Technology over 30 days. NARI Technology is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. NARI Technology is entity of China. It is traded as Stock on SHG exchange. More
NARI Technology 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 NARI Technology'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 NARI Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.0207 | |||
| Maximum Drawdown | 9.46 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.04 |
NARI Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NARI Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NARI Technology's standard deviation. In reality, there are many statistical measures that can use NARI Technology historical prices to predict the future NARI Technology's volatility.| Risk Adjusted Performance | 0.0802 | |||
| Jensen Alpha | 0.1302 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0216 | |||
| Treynor Ratio | 0.7264 |
NARI Technology Backtested Returns
At this point, NARI Technology is very steady. NARI Technology has Sharpe Ratio of 0.0778, which conveys that the company had a 0.0778% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for NARI Technology, which you can use to evaluate the volatility of the entity. Please verify NARI Technology's downside deviation of 1.64, and Mean Deviation of 1.22 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. NARI Technology has a performance score of 6 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NARI Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding NARI Technology is expected to be smaller as well. NARI Technology currently secures a risk of 1.87%. Please verify NARI Technology Co total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if NARI Technology Co will be following its current price movements.
Auto-correlation | -0.11 |
Insignificant reverse predictability
NARI Technology Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between NARI Technology time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 NARI Technology price movement. The serial correlation of -0.11 indicates that less than 11.0% of current NARI Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
NARI Technology lagged returns against current returns
Autocorrelation, which is NARI Technology 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 NARI Technology's stock expected returns. We can calculate the autocorrelation of NARI Technology returns to help us make a trade decision. For example, suppose you find that NARI Technology 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 |
NARI Technology 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 NARI Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NARI Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NARI Technology stock over time.
Current vs Lagged Prices |
| Timeline |
NARI Technology Lagged Returns
When evaluating NARI Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NARI Technology stock have on its future price. NARI Technology 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, NARI Technology autocorrelation shows the relationship between NARI Technology stock current value and its past values and can show if there is a momentum factor associated with investing in NARI Technology Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NARI Stock
NARI Technology financial ratios help investors to determine whether NARI 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 NARI with respect to the benefits of owning NARI Technology security.