Inari Medical Stock Market Value
| NARI Stock | USD 49.48 0.18 0.36% |
| Symbol | Inari |
Inari Medical Price To Book Ratio
Is Health Care Equipment & Supplies 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 Inari Medical. If investors know Inari 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 Inari Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.84) | Earnings Share (1.35) | Revenue Per Share 9.901 | Quarterly Revenue Growth 0.214 | Return On Assets (0.03) |
The market value of Inari Medical is measured differently than its book value, which is the value of Inari that is recorded on the company's balance sheet. Investors also form their own opinion of Inari Medical's value that differs from its market value or its book value, called intrinsic value, which is Inari Medical'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 Inari Medical's market value can be influenced by many factors that don't directly affect Inari Medical'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 Inari Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inari Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inari Medical'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.
Inari Medical '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 Inari Medical'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 Inari Medical.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Inari Medical on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Inari Medical or generate 0.0% return on investment in Inari Medical over 720 days. Inari Medical is related to or competes with Outset Medical, Legend Biotech, and Progyny. Inari Medical, Inc., a medical device company, develops, manufactures, markets, and sells devices for the interventional... More
Inari Medical 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 Inari Medical'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 Inari Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 19.78 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 6.3 |
Inari Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inari Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inari Medical's standard deviation. In reality, there are many statistical measures that can use Inari Medical historical prices to predict the future Inari Medical's volatility.| Risk Adjusted Performance | 0.0515 | |||
| Jensen Alpha | 0.1543 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0248 | |||
| Treynor Ratio | 0.9127 |
Inari Medical Backtested Returns
Inari Medical appears to be very steady, given 3 months investment horizon. Inari Medical holds Efficiency (Sharpe) Ratio of 0.0749, which attests that the entity had a 0.0749% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Inari Medical, which you can use to evaluate the volatility of the firm. Please utilize Inari Medical's Downside Deviation of 2.29, market risk adjusted performance of 0.9227, and Risk Adjusted Performance of 0.0515 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Inari Medical holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Inari Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inari Medical is expected to be smaller as well. Please check Inari Medical's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Inari Medical's current trending patterns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Inari Medical has insignificant reverse predictability. Overlapping area represents the amount of predictability between Inari Medical time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Inari Medical price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Inari Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 54.69 |
Inari Medical lagged returns against current returns
Autocorrelation, which is Inari Medical 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 Inari Medical's stock expected returns. We can calculate the autocorrelation of Inari Medical returns to help us make a trade decision. For example, suppose you find that Inari Medical 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 |
Inari Medical 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 Inari Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inari Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inari Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Inari Medical Lagged Returns
When evaluating Inari Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inari Medical stock have on its future price. Inari Medical 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, Inari Medical autocorrelation shows the relationship between Inari Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Inari Medical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Inari Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Inari Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Inari Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Inari Medical Stock:Check out Inari Medical Correlation, Inari Medical Volatility and Inari Medical Alpha and Beta module to complement your research on Inari Medical. For more detail on how to invest in Inari Stock please use our How to Invest in Inari Medical guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Inari Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.