Naas Technology Adr Stock Market Value
| NAAS Stock | USD 2.98 0.05 1.71% |
| Symbol | Naas |
Is Retail space 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 Naas Technology. If investors know Naas 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 Naas Technology 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 Naas Technology ADR is measured differently than its book value, which is the value of Naas that is recorded on the company's balance sheet. Investors also form their own opinion of Naas Technology's value that differs from its market value or its book value, called intrinsic value, which is Naas Technology'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 Naas Technology's market value can be influenced by many factors that don't directly affect Naas Technology'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 Naas Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Naas Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Naas 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.
Naas 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 Naas 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 Naas Technology.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Naas Technology on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Naas Technology ADR or generate 0.0% return on investment in Naas Technology over 30 days. Naas Technology is related to or competes with Leslies, Sally Beauty, ODP Corp, 1 800, Caseys General, Sportsmans, and Container Store. NaaS Technology Inc. provides electric vehicle charging services in China More
Naas 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 Naas 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 Naas Technology ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 27.14 | |||
| Value At Risk | (9.32) | |||
| Potential Upside | 10.12 |
Naas Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Naas Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Naas Technology's standard deviation. In reality, there are many statistical measures that can use Naas Technology historical prices to predict the future Naas Technology's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (1.27) | |||
| Treynor Ratio | 0.2935 |
Naas Technology ADR Backtested Returns
Naas Technology ADR has Sharpe Ratio of -0.048, which conveys that the firm had a -0.048% return per unit of risk over the last 3 months. Naas Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Naas Technology's Risk Adjusted Performance of (0.03), standard deviation of 5.87, and Mean Deviation of 4.43 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.99, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Naas Technology are expected to decrease slowly. On the other hand, during market turmoil, Naas Technology is expected to outperform it slightly. At this point, Naas Technology ADR has a negative expected return of -0.28%. Please make sure to verify Naas Technology's skewness, and the relationship between the total risk alpha and day median price , to decide if Naas Technology ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Naas Technology ADR has below average predictability. Overlapping area represents the amount of predictability between Naas Technology time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Naas Technology ADR price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Naas Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Naas Technology ADR lagged returns against current returns
Autocorrelation, which is Naas 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 Naas Technology's stock expected returns. We can calculate the autocorrelation of Naas Technology returns to help us make a trade decision. For example, suppose you find that Naas 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 |
Naas 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 Naas Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Naas Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Naas Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Naas Technology Lagged Returns
When evaluating Naas Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Naas Technology stock have on its future price. Naas 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, Naas Technology autocorrelation shows the relationship between Naas Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Naas Technology ADR.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Naas Stock Analysis
When running Naas Technology's price analysis, check to measure Naas Technology'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 Naas Technology is operating at the current time. Most of Naas Technology's value examination focuses on studying past and present price action to predict the probability of Naas Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Naas Technology's price. Additionally, you may evaluate how the addition of Naas Technology to your portfolios can decrease your overall portfolio volatility.