NARI Technology's market value is the price at which a share of NARI Technology trades on a public exchange. It measures the collective expectations of NARI Technology Co investors about its performance. NARI Technology is trading at 22.97 as of the 18th of January 2025, a 0.31 percent increase since the beginning of the trading day. The stock's open price was 22.9. With this module, you can estimate the performance of a buy and hold strategy of NARI Technology Co and determine expected loss or profit from investing in NARI Technology over a given investment horizon. Check out NARI Technology Correlation, NARI Technology Volatility and NARI Technology Alpha and Beta module to complement your research on NARI Technology.
Please note, there is a significant difference between NARI Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if NARI Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NARI Technology'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.
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.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in NARI Technology on December 19, 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 New China, Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, and Shandong Ruifeng. 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.
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.
NARI Technology has Sharpe Ratio of -0.11, which conveys that the company had a -0.11% return per unit of standard deviation over the last 3 months. NARI Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NARI Technology's standard deviation of 1.55, and Mean Deviation of 1.19 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NARI Technology are expected to decrease at a much lower rate. During the bear market, NARI Technology is likely to outperform the market. At this point, NARI Technology has a negative expected return of -0.17%. Please make sure to verify NARI Technology's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if NARI Technology performance from the past will be repeated at future time.
Auto-correlation
0.61
Good predictability
NARI Technology Co has good predictability. Overlapping area represents the amount of predictability between NARI Technology time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 0.61 indicates that roughly 61.0% of current NARI Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
0.61
Spearman Rank Test
0.22
Residual Average
0.0
Price Variance
0.11
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.
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.